MRPL
Over the past few weeks, MRPL has been steadily rising between Rs 210 and Rs 230. On the other hand, the stock has just demonstrated a clear breakthrough together with significant trading volume, suggesting that now could be a good time to buy. Technical analysis suggests that the stock is expected to do well because the Daily MACD has produced a bullish crossover just above the zero line.
With an upside potential of Rs 270, it is recommended to add long positions in the Rs 235-245 range based on these indicators. A stop-loss should be established at Rs 225 on a daily closing basis in order to control risk.
Hikal
Hikal has been stabilizing between March 2023 and June 2024, roughly between Rs 260 and Rs 320. With a large trading volume, the stock recently broke out of this range, offering a compelling chance to purchase. Even with a nearly 40-point rise following the breakthrough, buying is advised on any dips.
Technically speaking, a positive trend is indicated by the Daily MACD, which has established a bullish crossover close above the zero line. As a result, it is best to purchase around the Rs 335–350 range with an upward objective of Rs 425. A stop-loss should be established at Rs 315 on a daily closing basis in order to reduce risk.
