Here are two stock recommendations for Friday
NDR Auto – Buy | CMP: Rs 843 | Stop-Loss: Rs. 809 | Target: Rs. 912
NDR Auto Components generated a strong bullish breakout from a symmetrical triangle consolidation pattern, signaling a possible resumption of the uptrend. The stock has seen a sharp rally with positive price action and is currently trading above its short-term and medium-term moving averages, indicating an improvement in market sentiment. The breakout is supported by increasing buying interest, while the RSI has moved above the 60 mark, indicating strong momentum without entering overly overbought territory.
Virat Jagad, Senior Technical Research Analyst, at Bonanza Portfolio
Divgi TorqTransfer – Buy | CMP: Rs 870 | Stop-Loss: Rs. 826 | Target: Rs. 959
Divgi TorqTransfer Systems has displayed strong bullish momentum as the stock has risen sharply and is currently near a significant resistance area around 870, which has served as a key supply area in the past. The price has formed a series of higher highs and higher lows with sustained above all key moving averages, indicating a strong positive trend across multiple timeframes.
Virat Jagad, Senior Technical Research Analyst, at Bonanza Portfolio
(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times)
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