Now Reading: Analysts list Ambuja, Asahi India Glass and Pfizer as buys
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Analysts list Ambuja, Asahi India Glass and Pfizer as buys
Aakash K Hindocha of Nuvama Wealth Management recommended Ambuja Cements, Asahi India Glass and Pfizer as buy calls for August 6, The Times of India reports. His targets were Rs 478, Rs…
The Story in Brief
Aakash K Hindocha of Nuvama Wealth Management recommended Ambuja Cements, Asahi India Glass and Pfizer as buy calls for August 6, The Times of India reports. His targets were Rs 478, Rs 990 and Rs 5,280, with stop-loss levels of Rs 427, Rs 892 and Rs 4,700 respectively. The recommendations rested on chart breakouts and recoveries above 200-day moving averages.
NDTV Profit separately carried market views on P N Gadgil Jewellers, Lodha, UltraTech Cement, Trent and United Spirits, covering their fundamentals and technical levels. Hindocha said Nifty faced resistance near its 200-day moving average at 24,775, while Bank Nifty had upside levels of 58,500 and 58,850. These are analysts’ views, not assured returns.
The Indian Opinion
The lazy narrative is that a breakout automatically makes a stock a buy. That ignores valuation, execution and the risk of a failed chart pattern. The opposite claim, that technical calls are useless, is also too broad. They can help define entry and exit discipline, but they do not protect investors from company-specific shocks. Readers should compare the targets with actual prices and check whether the stated stop-loss levels hold before treating these calls as convictions.
Sources (3): ndtvprofit.com, timesofindia.indiatimes.com, ndtvprofit.com (2)
This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources.
