Now Reading: Analyst names three buy calls for August 6
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Analyst names three buy calls for August 6
The Times of India reports buy recommendations for Ambuja Cements, Asahi India Glass and Pfizer for August 6, 2026. Analyst Aakash K Hindocha of Nuvama Professional Clients Group set targets of Rs…
The Story in Brief
The Times of India reports buy recommendations for Ambuja Cements, Asahi India Glass and Pfizer for August 6, 2026. Analyst Aakash K Hindocha of Nuvama Professional Clients Group set targets of Rs 478, Rs 990 and Rs 5,280 respectively, with stop losses at Rs 427, Rs 892 and Rs 4,700. The recommendations are based on chart breakouts, moving-average levels and signs of accumulation.
The analyst expects Nifty to eventually move towards 25,500, but sees resistance near its 200-day moving average at 24,775. Bank Nifty has upside levels of 58,500 and 58,850, with support at its 200-day moving average. NDTV Profit separately featured views on P N Gadgil Jewellers, Lodha, United Spirits, Trent and UltraTech Cement.
The Indian Opinion
The easy story is that a chart breakout guarantees quick profits. It does not. The opposite claim, that technical calls are useless, is just as lazy. These are conditional ideas with stop losses, targets and market-level risks, not assured returns. Investors should check whether the three stocks hold above their breakout zones and whether Nifty can clear 24,775 before treating the calls as validated.
Sources (2): ndtvprofit.com, timesofindia.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
