By Sachin Shah
Swaraj Engines Ltd.
Swaraj Engines is currently trading at Rs1438. The 52 weeks high/low for the stock stands at Rs1975.65/1264.50 respectively. Stock formed all time high of Rs2398 on 1/6/2017 and has been consolidating since then.
Volumes surged recently indicating signs of a long term bottom.
The indicators namely the ADX, PSAR, MACD and Supertrend are all indicating a BUY on daily chart.
Coming to the averages, the stock has crossed its 5, 10, 20 and 50 Exponential Averages on higher volumes. The ADX and MACD indicate a buy on weekly chart as well.
We recommend buying the stock at Rs1438 with target of Rs1550, 1650 and 1800 achievable within the next 30, 45 and 75 sessions respectively using a stop loss of Rs1290.
Mas Financial Services Ltd.
MAS Financial is currently trading at Rs542. The 52 week high/low for the stock stands at Rs624.60/367.95 respectively. Stock formed all time high of Rs701.95 in October 2017 and had been consolidating from there for a year.
The stock has surged sharply from its 52 week low of Rs367.95 formed in October 2018 indicating signs of a long term bottom.
The indicators namely the ADX, PSAR, MACD and Supertrend are all indicating a BUY on daily chart.
Coming to the averages, the stock has crossed its 5,10, 20, 50 and 200 day Exponential Averages. The ADX and Supertrend indicate a buy on weekly chart as well.
We recommend buying the stock at Rs586.75 with targets of 660 and 700 achievable within the next 30 and 60 sessions respectively using a stop loss of Rs510.
