Equity markets recovered towards the end of last week despite negative global cues on positive domestic earnings. The Sensex jumped 480 points to 65,721, while the Nifty gained 135 points to settle at 19,517 on Friday.
Stocks in focus include names like Zomato, which gained 10.17%, LIC Housing Finance, which rallied 8.23%, and Bharti Airtel, whose shares rose 2.05% on Friday.
Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today:
Zomato - Buy for long term : The counter is bottoming out and has also witnessed a breakout of an inverse head-and-shoulders formation pattern on the weekly chart. It has confirmed its breakout above Rs 90. The overall structure also looks lucrative for long-term investors as it trades above all-important moving averages.
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