Osho Krishan is betting on these 2 stocks. Here’s why

Posted on:
Key Points

It is hovering at its 52-weeks high and we are expecting that from here onwards as we have seen a V-shape recovery on the weekly chart which was approximately around the zone of Rs 2,560-2,580 odd levels and from there onwards the counter has kept on going on the higher end and as this is a fresh breakout that can be seen in the yesterday trading session so the follow-up buying can be seen even in the further coming positional basis also...

If we will be looking at the overall longer duration chart perspective, then the support zone comes around the zone of 3600 odd levels and one should definitely try to stay on the sidelines until there is some kind of consolidation in the zone but overall this counter is having a very strong movement...

Osho Krishan: Sapphire has seen a very strong upsurge because if we will be looking at the overall consolidation basis, it was in the consolidation phase, but again in yesterday's session, we have seen a strong buying traction in Sapphire so from here onwards one can look for some kind of breakout in this counter which will be coming around the zone of Rs 1450-1460 odd levels...

One should definitely try to accumulate this counter within the range of 2680 or around the zone of 2700 on immediate basis, one can definitely expect a target of 2800 being a psychological mark followed by 2820 on the higher end and the short-term traders should keep a stop loss of 2625..

We will be talking about the technical chart of Engineers India, we are witnessing a flat pattern breakout in Engineers India, so overall this chart structure has seen a very massive rally from the zone of 170 towards 200 odd levels and it has consolidated towards the 200 zone and again in today's session we have seen a strong breakout in this counter so from here onwards one can definitely expect an upside target of 230 and for short-term traders definitely the support is around Rs 195 which should be kept as a stop loss...

You might be interested in

Stocks to buy this week: Experts suggest these six technical picks; do you own any?

24, Jul, 23

Sensex and Nifty have been correcting after hitting record highs due to softer Q1FY24 earnings of heavyweights like Infosys and Reliance Industries. Investors are cautious ahead of the US Fed meeting outcome on July 26.

Nifty selling pressure to accelerate under 17,000; buy SBI, L&T among others for gains

23, Mar, 23

17,000 is a crucial support zone for Nifty, under which selling pressure could rise.

Stocks to buy this week: Bajaj Auto, Inox Wind, PNB among 12 technical picks; do you own any?

29, Jan, 24

The Interim Budget 2024 and the US Federal Reserve interest rate meeting are expected to cause volatility in the market, but experts believe they will not have a major impact on market sentiment.