New Delhi, March 24 -- Three stocks to buy, as recommended by Ankush Bajaj:
SBI: Buy at Rs.753 | Target Rs.778-785 | Stop loss Rs. 744
SBI is showing strong bullish signs on the hourly chart. The MACD indicator is positive, which tells us that the stock has good upward momentum. The ADX is at 41, meaning the current trend is strong and likely to continue.
The stock has also given a reversal head and shoulder breakout, which is a powerful sign that the price can move higher from here. In addition, SBIN is trading above its key moving averages, confirming that buyers are in control.
However, some indicators are in the overbought zone, so traders should stay cautious and always use a stoploss
SAIL : Buy at Rs.115.30 | Target Rs.124-128 ...
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