Expert Chandan Taparia of MOFSL Reveals Must-Buy Stocks for September 11 | Market News You Need!

September 11, 2024 1 Min Read

Market Update: Recommended Buys for Indian Hotels, PI Industries, and Bajaj Auto

Indian Hotels

Current Market Price (CMP): Rs 695
Stop Loss: Rs 675
Target: Rs 735

Indian Hotels has experienced a significant breakout on daily charts, achieving its highest daily close ever. A strong bullish candle has formed with a rising ADX Line, and the Positive DI is notably above the Negative DI, indicating robust upward momentum.

PI Industries

CMP: Rs 4,690
Stop Loss: Rs 4,580
Target: Rs 4,900

PI Industries continues its strong uptrend, holding gains at higher levels. The stock is consistently making higher highs and higher lows on a weekly scale, with support levels gradually increasing. The positively placed RSI suggests sustained bullish momentum.

Bajaj Auto

CMP: Rs 10,987
Stop Loss: Rs 10,750
Target: Rs 11,500

After breaking a five-session streak of lower highs and lower lows, Bajaj Auto is on the rise. The overall setup remains bullish, with minor declines being bought. The MACD Indicator has shown a bullish crossover, which supports continued upward momentum.

Disclaimer: Chandan Taparia is a Senior Vice President of Equity Derivatives & Technicals, Wealth Management at Motilal Oswal Financial Services Ltd. The views expressed are his own.

First Published: Sep 11 2024 | 7:12 AM IST

Original Story https://www.business-standard.com/markets/news/chandan-taparia-of-mofsl-recommends-buying-these-stock-on-september-11-124091100077_1.html
Category :
Tags: