Market Trading Guide: Jayaswal Neco Industries among 2 stock recommendations for Monday
Here are two stock recommendations for Friday:
Jayaswal Neco Industries – Buy | Buying Zone: Rs 100-101 | Stop-loss: Rs 95 | Target: Rs 110
Strong decisive breakout above horizontal resistance at Rs 96 with surging volume. The price has reclaimed all short-term EMAs (20, 50 and 100), and RSI is expanding towards 68, confirming fresh bullish momentum for a continuation towards Rs 110.
(Virat Jagad, Senior Technical Research Analyst, Bonanza Portfolio)
Alkyl Amines – Buy | Buying Zone: Rs 2,050-2,060 | Stop-loss: Rs 1,975 | Target: Rs 2,250
Clean breakout from consolidation above the Rs 2,000 resistance level on strong volume. Trading safely above all key moving averages (20, 50, 100 and 200 EMA), with RSI strengthening near 66, signalling uptrend momentum towards Rs 2,250.(Virat Jagad, Senior Technical Research Analyst, Bonanza Portfolio)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)