Mr.Pravesh Gaur, Sr. Technical Analyst, Swastika Investmart recommends that Titagarh Wagons is witnessing a breakout of Bullish Flag formation to resume its classical uptrend. It is respecting its 9-SMA beautifully which is currently placed at Rs 120 level.
He further shares three buy calls for next 2-3 weeks:
Maithan Alloys: Buy | LTP: Rs 941.75 | Stop-Loss: Rs 870 | Target: Rs 1,084 | Return: 15 percent
Titagarh Wagons: Buy | LTP: Rs 129.65 | Stop-Loss: Rs 120 | Target: Rs 148 | Return: 14 percent
Ador Welding: Buy | LTP: Rs 796.95 | Stop-Loss: Rs 715 | Target: Rs 914 | Return: 15 percent
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