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Momentum·Markets Desk·Wed, 20 May
Ride the Wave: 2 Momentum Picks as MOTHERSON, COFORGE Flash Strength
Momentum-focused calls from Integratedresearchchannel covered 2 names showing strong technical setups and high relative strength.
By Markets Desk·2 Calls·2 Buy
Integratedresearchchannel issued 2 equity momentum recommendations today, focused on high-momentum breakout setups showing strong relative strength. The batch carries a bullish bias — 2 buys against 0 sells — covering 2 stocks.
MOTHERSON was flagged for a buy by Integratedresearchchannel at ₹132.88, targeting ₹138 — a potential upside of +3.9%, with a stoploss at ₹128.5. The risk-to-reward ratio stands at 1:1.2.
COFORGE was flagged for a buy by Integratedresearchchannel at ₹1,439, targeting ₹1,488 — a potential upside of +3.4%, with a stoploss at ₹1,400. The risk-to-reward ratio stands at 1:1.3.
Momentum plays depend on sustained buying interest. Exit promptly if volume dries up or the index reverses sharply from key levels.
All recommendations reproduced here originate exclusively from SEBI-registered Research Analysts and are published for informational purposes only. These are not buy or sell recommendations from this publication. Registration with SEBI does not guarantee returns. Investing in securities markets is subject to market risks — read all related documents carefully before investing.
Analyst Sources
Integratedresearchchannel
Disclaimer
All recommendations published on Bharatstox are sourced exclusively from SEBI-registered Research Analysts. Registration with SEBI does not guarantee returns or the performance of the intermediary. Investing in securities markets is subject to market risks. Read all related documents carefully before investing. This article is for informational purposes only and does not constitute investment advice.