Categories: Weekly Pick

Weekly Picks 16th September 2024

1. TITAN LTP 3,767

CounterTITAN LTP 3,767
CallBuy on dip
Target 13,984
Target 24,080
Stop Loss3,550 (Closing Basis)
Time Horizon2-3 weeks

Titan Industries Ltd is India’s largest quartz watch manufacturer and the world’s sixth-largest branded watch maker, with brands like Fastrack, Sonata, and Titan Raga. They also market Tommy Hilfiger and Hugo Boss watches. In the jewellery segment, their brand Tanishq offers a diverse range of diamond, gold, and platinum pieces. Titan has expanded into eyewear with Fastrack and Titan eye+, and into automation solutions with Titan Automation Solution (TAS) and trophy manufacturing through Titan Trophe.

Previous Close3,764.25TTM EPS38.91
52 Week High3,886.95TTM PE96.81
52 Week Low3,055.65P/B35.79
Sector PE90.36Mkt Cap (Rs. Cr.)3,34,429
(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

(Source: Fisdom research)

  • TITAN has given a Rectangle pattern breakout on the weekly chart, closing above the 20-week consolidation zone.
  • Stock has shown above-average volumes at breakout indicating a confirmed breakout.
  • Momentum Indicator RSI (14) has given a rectangle pattern breakout and moved above the trend line resistance above the 55 mark indicating an overall bullish momentum to continue in coming sessions.
  • Stock has been trading above major EMA on the weekly chart maintaining the bullish momentum.
  • MACD has given a positive crossover indicating a positive momentum shift.
Invest Now

2. OBEROI REALTY LTP 1,814

CounterOBEROI REALTY LTP 1,814
CallBuy on dip
Target 11,928
Target 21,978
Stop Loss1,700 (Closing Basis)
Time Horizon2-3 weeks

Oberoi Realty Limited is a real estate development company with a portfolio that includes residential, office space, retail, hospitality, and social infrastructure. Key projects include Oberoi Garden City in Goregaon, featuring Oberoi Mall, The Westin Mumbai Garden City, and various residential complexes. Other notable developments are Oberoi Splendor in Andheri and Oasis in Worli, a joint venture project. The company operates in two segments: Real Estate and Hospitality, and sold its subsidiary Triumph Realty Private Limited in the fiscal year ended March 31, 2012.

Previous Close1,767.50TTM EPS60.22
52 Week High1,953.05TTM PE30.13
52 Week Low1,051.10P/B4.77
Sector PE106.29Mkt Cap (Rs. Cr.)65,973
(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

(Source: Fisdom research)

  • OBEROI REALTY has given a Flag pattern breakout on the weekly chart, closing above the 5-week consolidation zone.
  • Stock has shown above-average volumes at breakout indicating a confirmed breakout.
  • Momentum Indicator RSI (14) has taken trend line support near 55 levels and moved higher above 60 levels with a bullish crossover on the cards.
  • Stock has been trading above 50 EMA on the weekly chart maintaining the bullish momentum.
  • The counter is trading in a higher high higher low formation on the broader time frame.
Invest Now

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