Sagar Doshi Recommendations : Stocks to Buy or Sell Today
Sagar Doshi : On February 12, Sagar Doshi recommended three stocks based on technical and market trends:
1. Mphasis Ltd (SELL)
- Last Closing Price (LCP): ₹2,713.60
- Stop Loss (SL): ₹2,802
- Target (TGT): ₹2,525
📉 Technical Analysis:
- Mphasis has broken below its 200-DMA support for the first time in over seven months.
- The stock is showing short-term distribution, and its sector remains under pressure.
- The next key support is the 200-week moving average, below which it has not sustained for the last five years.
- Given the sectoral weakness, the stock is expected to fall to ₹2,510 – ₹2,530.
2. NBCC (India) Ltd (SELL)
- LCP: ₹85.36
- SL: ₹87.30
- TGT: ₹79.80
📉 Technical Analysis:
- NBCC is facing strong resistance at 100 levels, leading to a Head and Shoulders formation on the daily and weekly charts.
- The neckline of this pattern is at ₹80, making it a key level to watch.
- Even if a breakdown doesn’t happen immediately, a test of sub-₹80 levels is likely.
- The formation of lower highs suggests that bulls remain under pressure.
3. Bharti Airtel Ltd (BUY)
- LCP: ₹1,696.75
- SL: ₹1,630
- TGT: ₹1,820
📈 Technical Analysis:
- Bharti Airtel has closed at a three-month high, signaling the end of its sideways consolidation.
- The stock has been forming higher lows, indicating a potential uptrend.
- Sustaining above ₹1,688 could trigger fresh short-covering, pushing the stock towards its target price of ₹1,820.
Bharti Airtel Financial Ratios
For investors considering Bharti Airtel, here are some key financial metrics:
| Financial Metric | Value |
|---|---|
| Market Capitalization | ₹10,16,905 Cr |
| Current Price | ₹1,699 |
| 52-Week High / Low | ₹1,779 / ₹1,098 |
| Stock P/E Ratio | 50.9 |
| Book Value | ₹153 |
| Dividend Yield | 0.47% |
| Return on Capital Employed (ROCE) | 13.1% |
| Return on Equity (ROE) | 14.9% |
📊 Data sourced from Screener.in.
Final Thoughts
The Indian stock market remains highly volatile, impacted by global trade tensions and foreign institutional outflows.
However, investors can navigate the market with a strategy based on technical indicators and sectoral trends. Sagar Doshi’s recommendations highlight the importance of timing and trend analysis in making informed decisions.
👉 For investors: Stay updated with the latest market trends and consult financial advisors before making investment choices.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.