Paytm, Gland Pharma, Castrol: Analyst Picks for Quick Gains
By ThePip Desk
Choice Broking’s Hitesh Taylor suggests buying Paytm, Gland Pharma, and Castrol India shares for potential quick gains, citing strong technical breakouts and positive momentum.
Hitesh Taylor, a technical research analyst at Choice Broking, has recommended three specific shares for potential quick gains. These include Paytm (One 97 Communications), Gland Pharma, and Castrol India.
For One 97 Communications, known as Paytm, Taylor suggests a strategic entry point. The recommendation follows a strong breakout from a distinct Rounding Base Formation.
Paytm Key Levels
- Buy Price: Rs 1442
- Target Price: Rs 1550
- Stop Loss: Rs 1380
Gland Pharma also received a buy recommendation, with Taylor noting a significant technical pattern. The stock demonstrated a strong breakout above its recent Swing High, coupled with a confirmed Higher High-Higher Low formation.
Gland Pharma Levels
- Buy Price: Rs 2608
- Target Price: Rs 2880
- Stop Loss: Rs 2480
Castrol India completes the trio of recommendations, identified after breaking out of a prolonged consolidation phase. This move signals renewed positive momentum for the stock.
Castrol India Targets
- Buy Price: Rs 194
- Target Price: Rs 210
- Stop Loss: Rs 185
All three recommendations from Choice Broking are underpinned by robust technical signals. Positive momentum indicators, including the Relative Strength Index (RSI) and Exponential Moving Averages (EMAs), support these outlooks.