Financial Analysts at Choice Broking, Anand Rathi and PL Capital Recommend 8 Stocks for Immediate Investment
Market Experts Identify Stocks for May 21 Trading Session
As markets continue to navigate global uncertainties and rising geopolitical tensions, market experts have recommended several stocks for the May 21 trading session based on technical indicators and chart patterns. Analysts from Choice Broking, Prabhudas Lilladher, and Anand Rathi have identified select stocks that could remain in focus during today's intraday trade.
Triveni Turbine: A Promising Buy Opportunity
Sumeet Bagadia of Choice Broking recommends Triveni Turbine, citing its strong uptrend and sustained buying interest. The stock is currently trading at ₹657, with a stop-loss at ₹634 and a target of ₹705. Bagadia notes that the stock is well-supported above its key moving averages, including the 20-day, 50-day, 100-day, and 200-day EMAs, all of which are trending upward.
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| Stock | Current Price | Stop-Loss | Target |
|---|---|---|---|
| Triveni Turbine | ₹657 | ₹634 | ₹705 |
A sustained close above the ₹664 level could lead to further upside, with a near-term target of ₹705. Traders should closely monitor price action near the current resistance zone for signs of breakout continuation.
Laurus Labs: A Strong Breakout Opportunity
Bagadia also recommends buying Laurus Labs, citing its strong breakout from a consolidation phase with robust volumes. The stock is currently trading at ₹1,361, with a stop-loss at ₹1,313 and a target of ₹1,450. The stock is well-positioned above its 20-day, 50-day, 100-day, and 200-day EMAs, all trending upward.
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| Stock | Current Price | Stop-Loss | Target |
|---|---|---|---|
| Laurus Labs | ₹1,361 | ₹1,313 | ₹1,450 |
A decisive close above the all-time high of ₹1,363.4 could act as a catalyst for further upside, opening the path toward the short-term target of ₹1,450 and reinforcing the positive outlook.
Other Recommendations
PL Capital's Shiju Koothupalakkal recommends buying Syrma SGS Technology, Netweb Technologies, and TVS Motor. Koothupalakkal also recommends buying Syrma SGS Technology, Policybazaar, and State Bank of India.
Syrma SGS Technology
| Analyst | Recommendation | Current Price | Stop-Loss | Target |
|---|---|---|---|---|
| Sumeet Bagadia (Choice Broking) | Buy | ₹1,005 | ₹985 | ₹1,040 |
| Ganesh Dongre (Anand Rathi) | Buy | ₹1,005 | ₹985 | ₹1,040 |
Netweb Technologies
| Analyst | Recommendation | Current Price | Stop-Loss | Target |
|---|---|---|---|---|
| Shiju Koothupalakkal (PL Capital) | Buy | ₹3,840 | ₹3,765 | ₹4,000 |
TVS Motor Company
| Analyst | Recommendation | Current Price | Stop-Loss | Target |
|---|---|---|---|---|
| Shiju Koothupalakkal (PL Capital) | Buy | ₹3,361 | ₹3,300 | ₹3,500 |
Policybazaar
| Analyst | Recommendation | Current Price | Stop-Loss | Target |
|---|---|---|---|---|
| Ganesh Dongre (Anand Rathi) | Buy | ₹1,835 | ₹1,800 | ₹1,885 |
State Bank of India
| Analyst | Recommendation | Current Price | Stop-Loss | Target |
|---|---|---|---|---|
| Ganesh Dongre (Anand Rathi) | Buy | ₹950 | ₹935 | ₹980 |
Investor Takeaway
Investors should consider buying Triveni Turbine and Laurus Labs based on technical indicators and chart patterns.
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