Trade Spotlight: What’s next investment strategy in eClerx, Thyrocare and NBCC

Vikas Jain of Reliance Securities gives his opinion on the future investment strategy in eClerx Services, Thyrocare and NBCC.

Trade Spotlight up to 12 rise in these 3 stocks

On Monday, the markets bounced back from the intraday low and closed with a slight gain. Nifty regained the 15800 level. At the same time, Sensex also managed to close above 52000. Buying was seen in energy, IT, consumer durable and oil & gas stocks in yesterday’s business. On the other hand, power, realty, utilities, and infra stocks remained under pressure.

On June 14, there was pressure on small-medium stocks. The BSE Midcap index slipped 0.6 per cent. While the smallcap index closed 0.16 percent weaker.

Among the stocks in focus in yesterday’s trade, eClerx Services gained over 9 per cent and touched its new 52-week high. Thyrocare Technologies closed in the red after touching a 52-week high. On the other hand, NBCC managed to gain around 5 per cent.

Let us now know what is the opinion of Vikas Jain of Reliance Security on these stocks.

Eclerx: Make Profits

The stock has gained 40 per cent so far this month, which is an indication that profit-booking is on the way. Keeping this in mind, it is advisable to book some profits at the current level.

Thyrocare Technologies: Stay tuned, target Rs 1400

The stock has seen fresh breakout and has made all-time highs with decent volume and has formed a doji candle near its peak. An intraday high of Rs 1324 can act as a mild resistance for the stock and if the stock breaks this level on the upside, then it will see further gains. On the downside, support is visible at 1110-1130 for this.

NBCC: Stay tuned, target Rs 70

On the back of good news, this stock has crossed the 200-week average after a gap of 3 years. Its RSI is still trading above the average line which is a sign of further upside ahead from the current level.

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