Stock brokerage reports: If investors hold stocks like ONGC, GMDC and Indigo Paints, it is important to know what the experts are offering on these stocks before proceeding with the strategy.
Action Stock What to do
If investors are holding stocks like ONGC, GMDC and Indigo Paints, it is important to know what the experts are offering on these stocks before proceeding with the strategy. Investors should know the latest calls of these stocks before the market opens. Jatin Gohil, technical analyst at Reliance Securities, commented on the stock to investors.
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ONGC: Buy from the bad side
On March 7, 2022, the stock crossed its 52nd week high. The technical indicator of the stock is positive. With this, the stock may later reach Rs 210 and gradually touch the target of Rs 230. At the same time, it is recommended to keep a stop loss of Rs 158 on this stock.
GMDC: Buy at a discount
The stock has seen a strong jump since December 2021. The share price has risen from Rs 65 to Rs 173. Experts believe that profit booking can be seen in this stock, which can take the share price up to Rs 145-125. However, from the supply zone of the stock (Rs180-187), the stock may touch the target of Rs 222. At the same time, the experts have also given a target of Rs 260.
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Indigo Paints: Sell as prices rise
Since August 2021, this stock has dropped 70 percent so far. Experts said that if the predominance of selling in this stock is seen, then the price of this share could go up to Rs 1330 and gradually this share could go up to Rs 1080.
(Disclaimer: Investment advice here is provided by a brokerage house / expert. This is not a G-Business opinion. Consult your advisor before investing.)