Market Trading Guide: MandM, Bajaj Finserv among 9 stock recommendations for Monday – Stock Ideas

By Nick J Adam On Feb 5, 2023

On a 30 minutes chart, the price has witnessed a bullish rally and formed a Bullish Pennant pattern indicating bullish strength. At the same time, the indicator stochastic suggested a positive crossover confirming a bullish trend. Moreover, the price also trades above 20 EMAs which adds more strength to the price.

Hence, based on the above-mentioned technical structure, one can initiate a Long position in GNA at Rs CMP 822.90, or a fall in the price till Rs 821 levels can be used as a buying opportunity for the upside target of Rs 858. However, the Bullish view will be negated if GNA closes below the Support level of Rs 805.

(Ashish Katwa, Research Analyst, Bonanza Portfolio)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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