By Bulletin Times 
Arihant Capital’s Stock Strategy Buy PNB and Nalco, vend Tata Motors
According to an critic from Arihant Capital, Punjab National Bank( PNB) has set up support around the Rs 94 mark after a prolonged downtrend and is showing signs of recovery, with the stock forming advanced highs on its diurnal map. This indicates implicit for upward instigation in the near term.
On Friday, Indian stock indicators endured strong earnings, supported by broad- grounded buying at lower situations. Positive sentiment was driven by assembly election results and prospects of a solid earnings season in the alternate half of the financial time. The BSE Sensex surged by 1,961.32 points( 2.54), closing at 79,117.11, while the NSE Nifty50 climbed 557.35 points( 2.39), ending the day at 23,907.25.
National Aluminium Company( Nalco)| Buy| Target Rs 308- 330| Stop Loss Rs 230
Nalco’s diurnal maps indicate a harmonious uptrend, with advanced highs being formed, which points to continued bullish instigation. also, the RSI index is showing a positive trend, and the stock has been outperforming the broader request. Given these factors, it’s recommended to buy at current situations, with a stop loss at Rs 230 and a target of Rs 308- 330 over the coming couple of weeks.
Tata Motors| vend| Target Rs 730- 690| Stop Loss Rs 840
Tata Motors is showing a bearish trend, with lower highs and lower lows on the diurnal map. The RSI is deposited negatively, and the stock has been underperforming relative to the request. With resistance at Rs 830, the recommendation is to vend the stock, setting a stop loss at Rs 840, with a target range of Rs 730- 690 in the coming many weeks.
Punjab National Bank( PNB)| Buy| Target Rs 113- 120| Stop Loss Rs 92
PNB’s stock is showing signs of recovery after a long downtrend. Having set up support around Rs 94, the stock is now forming advanced highs, suggesting an upward shift. While it has been lagging the request, the RSI is turning favorable, indicating a implicit brio. A steal position is suggested at current situations, with a stop loss of Rs 92 and a target of Rs 113- 120 over the coming many weeks.