BUY Avenue Supermarts Limited | TARGET: Rs 3,180 | STOP LOSS: Rs 2,775
DMART has witnessed consolidation range breakout on the back of notable increase in trading volumes in the last session and settled near the cluster of short and medium-term exponential moving averages on the daily chart. Even the stock has rebounded from its 100 DEMA and on the oscillator front, has witnessed a golden crossover on the 14-period RSI indicating the bullishness to remain intact for the near future.
BUY HDFC Asset Management Company Limited | TARGET: Rs 3,250 | STOP LOSS: Rs 2,840
HDFCAMC has corrected from its recent high of 3360 odd levels and has consolidated near the 61.80% of the Fibonacci retracement of the recent low of 2070 to the swing high of 3360 odd levels. The stock is hovering just above its 21-DEMA indicating a short-term uptrend and far above the long-term exponential moving average suggesting a bullish trend. On the oscillator front, the MACD is hovering well above the signal line indicating inherent strength in the counter.