Buy Linde India and Prime Focus on 14‑20% Upside
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- President Donald Trump suggested a possible de‑escalation of the Middle East conflict, prompting an initial rise in the Nifty index.
- Rupak De said the Nifty rally encountered resistance near 23,000 and that Wednesday’s opening could shape short‑term market sentiment.
- Linde India broke out above a long‑term descending trendline, is above key moving averages, with RSI above 60, supporting a 14% upside target of Rs 8,400 and a stop‑loss at Rs 6,848.
- Prime Focus showed a higher‑high/higher‑low pattern, broke out of a consolidation around Rs 280 on strong volume, RSI above 65, justifying a 20% upside target of Rs 370 and a stop‑loss at Rs 285.
Why it matters: Investors in Linde India and Prime Focus stand to gain from the projected 14% and 20% price appreciation, while traders betting on a bearish Nifty opening could see short‑term losses if the index fails to break the 23,000 resistance level.
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