February 22, 2024

Costaalegre Restaurant

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Adani Electrical power, RITES: Investing strategies by Vaishali Parekh of Prabhudas Lilladher

2 min read
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Invest in ADANI Electric power | CMP: Rs 55.85 | Focus on: Rs 65-68 | Cease Loss: Rs 50

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The inventory has indicated a mounting craze and, soon after some consolidation, has improved the bias with first rate quantity participation. At present, the RSI is also well placed and has power to anticipate further more upside go in the coming times. With the chart on the lookout excellent, we advise to obtain and accumulate this stock for an upside target of 65-68.

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Invest in RITES | CMP: Rs 244.90 | Target: Rs 270-280 | Cease Reduction: Rs 230&#13
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The inventory has witnessed a good correction lately and has bottomed out close to 240 concentrations which is a potent support zone and has provided a bullish candle sample to increase the bias. At the moment the RSI is also indicating a craze reversal to sign a buy from the oversold zone. With the chart searching eye-catching, we advise to obtain and accumulate this stock for an upside goal of 270-280 maintaining the end reduction of 230.

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Disclaimer: The writer is a technical analyst with Prabhudas Lilladher. She may well have positions in 1 or much more stocks outlined earlier mentioned. Sights are own.

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