Technical analyst Kush Bohra has released his latest high-conviction trading ideas for the upcoming session. His picks span the specialty packaging, cables and wires, and auto components sectors, highlighting Cosmo First, Universal Cables, and MM Forgings.
Here are the specific trading strategies and technical levels:
Cosmo First
Bohra sees a favourable technical setup in Cosmo First and recommends buying the stock, expecting further upside in the near term.
- Target 1: Rs 940
- Target 2: Rs 975
- Stop Loss: Rs 865
Universal Cables
In the cables and wires space, Universal Cables is another top pick. Bohra advises buying the stock as its technical structure points to further gains.
- Target 1: Rs 1,300
- Target 2: Rs 1,350
- Stop Loss: Rs 1,210
MM Forgings
Bohra also recommends buying MM Forgings, citing positive technical momentum in the stock.
- Target: Rs 605
- Stop Loss: Rs 545
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