Technical analyst Kush Bohra has shared his latest trading recommendations for the upcoming session, identifying opportunities across the FMCG, auto components and hospitality sectors. His picks include Marico, MM Forgings and Taj GVK Hotels & Resorts, backed by positive technical setups and favorable risk-reward ratios.
Here are the specific trading strategies and technical levels:
Marico
Bohra is bullish on Marico and recommends a buy on the stock, citing a positive technical setup. He expects the stock to move higher in the near term.
- Target 1: Rs 870
- Target 2: Rs 890
- Stop Loss: Rs 830
MM Forgings
In the auto components space, MM Forgings remains a preferred pick. Bohra advises taking a long position in the stock, with the technical setup indicating potential upside.
- Target 1: Rs 522
- Target 2: Rs 540
- Stop Loss: Rs 498
Taj GVK
Bohra is also bullish on Taj GVK and recommends a buy on the stock. The hospitality stock is showing a favorable technical setup, with scope for further gains in the near term.
- Target 1: Rs 371
- Target 2: Rs 382
- Stop Loss: Rs 356
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