Market Trading Guide: Syngene, Kalyan Jewellers among 4 stock recommendations for Thursday – Stock Ideas

Target Price: Rs 3150 | Stop Loss: Rs 2769

The stock has given a sideward consolidation breakout on the daily chart, suggesting increased optimism around the stock. Additionally, the stock has been sustaining above critical moving average on the daily chart. The RSI is in a bullish crossover and rising. On the higher side, it may move towards 3150, while support on the lower side is placed at 2769.
Rupak De, Senior Technical Analyst, LKP Securities