Tech analyst recommends buying IRCTC and Coal India

Sacchitanand Uttekar, a technical analyst at Tradebulls, has identified two standout stock selections for the current day: IRCTC and Coal India.

Firstly, he recommends buying IRCTC. He noticed that its price was going down over the past weeks, but now it seems to be going up again. He thinks it might keep going up to ₹1,010.

He suggests buying now and setting a stop loss at ₹946. The first target to buy at is ₹990, then ₹1,010. He says it’s a good idea to buy more IRCTC stocks.

Shares of IRCTC have gained 3% in the past month.

Secondly, Uttekar suggests buying Coal India. He says that because metal companies are doing well, Coal India should do well too. He saw that in the last two months, the price of Coal India’s stocks was staying around ₹430.

He thinks it could go up to ₹466 this week. He advises buying Coal India stocks now and setting a stop loss at ₹438.

The price of Coal India’s stocks was down by more than 1% last month.

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