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HomeBusinessMehul Kothari recommends Buy on CAMS, Pfizer; Check Why

Mehul Kothari recommends Buy on CAMS, Pfizer; Check Why

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BUY


CAMS


Buy Near: Rs 2,520


Target: Rs 2,700


Stop Loss: Rs 2,420


On the daily chart of we are witnessing a fresh trend line breakout. The breakout has occurred just above the placement of its 200-DEMA and 200-DSMA. In addition, the price action resembles bullish inverse Head & Shoulder pattern.


Thus, we advise traders to buy the stock on dips near Rs 2,520 for a target of Rs 2,700 in the coming sessions.


BUY


Pfizer


Buy Above: Rs 4,490


Target: Rs 4,700


Stop Loss: Rs 4,350


After a consolidation of few months, has confirmed range breakout and that too above its 200-day moving average. During the process, the stock has managed to confirm a higher top and higher bottom formation which indicates change of trend.


Thus, we advise traders to buy the stock above Rs 4,490 for a target of Rs 4,700 in the coming sessions.


(Mehul Kothari – AVP – Technical Research, Anand Rathi Shares & Stock Brokers. Views are personal).

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