Can Dhani Services Ltd. move upward in near term? Should you hold Vodafone Idea Ltd. or Laten View Analytics Ltd.? What are experts saying for Tata Motors Ltd. and TVS Supply Chain Solutions Ltd.?

Osho Krishnan, senior research analyst of technical derivatives at Angel One Ltd. and Arihant Capital Market Director Ashish Maheshwari share their view on these stocks.

Dhani Services 

Osho Krishan: It’s a very low–volume counter, which is not being tracked in a very regular manner. In last few weeks, there has been a decent upsurge in the counter from the zone of nearly Rs 60–65 towards the zone of now Rs 100.

On the monthly time perspective, there had been a breakout around the zone of Rs 70–72 odd levels. From there onwards, the counter had seen a tremendous movement, which had been backed by more than average tradable volumes.

Angel One expects that there can be an upward trend in the short–term perspective. It could move towards the zone of Rs 115–120. For now, Rs 80 or Rs 85 is the zone where one could keep its stop losses. 

Latent View Analytics 

Osho Krishan: Latent View Analytics Ltd. stock was in a corrective phase. It’s hovering well below 200–day simple moving average after the very long period of time. For a fresh entry, it can be recommended on higher level of Rs 500 or more.

Once, the position is already taken at a decent level of Rs 400–440, stay invested in the counter. On the lower end, Rs 438 and Rs 435 should hold. Overall, there can be a sloping–channel breakout in the counter.

“There’s a very good possibility of having a strong return in this counter. So, it’s definitely a ‘hold’ from a short–term perspective.” 

TVS Supply Chain Solutions 

Osho Krishna: There had been a consolidation going on in this counter. In the coming future, there could be a possibility of again breakout near Rs 190.

Today, it has risen above the 200–day moving average, which is a good development. “I would say that hold onto the investment in the short–term, we can expect a target of nearly Rs 205 after it breaches the zone of Rs 195.”

The support is at around Rs 178 for short–term trader.

Tata Motors 

Ashish Maheshwari: It’s looking more attractive and its price earning multiple is quite attractive. The stock is just Rs 100 away from the 52–week low of Rs 700. “I don’t think that things have gone so wrong in Tata Motors that there’s no value left in this.”

Overall, there’s some sell–off in Tata Motors from institution side because it’s a stock where a lot of foreign institutional investors were positioned. And we have seen what happened in last three months regarding FII investment in Indian equities.

The stock is trying to find base at Rs 800 odd levels and it can be a very good level to enter the stock. 

Vodafone Idea 

Osho Krishan: Vodafone Idea Ltd. is a risky counter. It’ll be very difficult to any price action to be trapped into the overall space. In the overall trajectory, Vodafone Idea takes cover at around Rs 8.9 every time. On the higher end, it moves towards Rs 14 to Rs 15. This is the historical trend for this counter.

In last three weeks, the stock has seen a decent revival for the lower zone of Rs 6.7 or Rs 6.8 odd levels. If a person is having an aggressive approach, then can definitely hold to this counter with stop loss at Rs 7.45. Looking at the historical data, in three months, it may move to higher price. So, it’s a ‘hold’ for aggressive trader. 

Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.

. Read more on Markets by NDTV Profit.Osho Krishnan, senior research analyst of technical derivatives at Angel One Ltd. and Arihant Capital Market Director Ashish Maheshwari share their view on these stocks.  Read MoreMarkets, Business, Notifications 

​NDTV Profit