Technical Indicators Signal Bullish Momentum; Expert Advises Buying HDFC Bank, MMTC, Rain Industries
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Expert sees continued bullish momentum in the market based on technical indicators like rising stochastic, long/short ratio, and Bank Nifty rebounding from 200 DEMA.
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Advises buying 3 stocks - HDFC Bank, MMTC, and Rain Industries - with upside targets of 5-40% over the short term.
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HDFC Bank shows signs of bullish reversal near Rs 1,400; MMTC has formed a bullish Inverse Head and Shoulders pattern; Rain Industries recently broke out of long consolidation.
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Stop losses given for all 3 stock recommendations, to manage risk.
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Notes that views expressed are those of market experts, not Moneycontrol; advises users to consult certified experts before actual investments.