Here’s why Mehul Kothari recommends buying Hindustan Petroleum, V-Guard

Joseph B. Hash

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Purchase HINDPETRO | Focus on: Rs 274 | Stop Reduction: Rs 300

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Inspite of the huge selloff in the markets, the inventory was investing in environmentally friendly throughout Monday’s session. It is hovering just higher than the placement of its 200 DSMA and DEMA. Also, we are witnessing many bottom near 274 mark which signifies a possibility of bounce from listed here on. Therefore, traders can buy the stock around 284 – 282 mark with a stop loss of 274 for upside goal of 300 in 1 – 2 weeks.&#13
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Obtain VGUARD | Concentrate on: Rs 210 | Cease Decline: Rs 236

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The inventory has recently corrected from the leading of 275 towards the latest bottom of 210 with no any meaningful bounce. Therefore, it has entered an oversold zone. The stock is at a aid of ICHIMOKU indicator in daily weekly and regular time body. This signifies that it is poised for a potent bounce. Therefore, we recommend traders to accumulate the inventory in the variety of 222 – 218 with a stop loss of 210 for an upside target of 236 in coming 1 – 2 weeks.

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Disclaimer: Mehul Kothari – AVP – Technological Investigate, Anand Rathi Shares & Stock Brokers.Sights possess

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