MediumNeutral
Announced Thu, 16 Jul · 12:04 IST
Stocks to buy: Nagaraj Shetti recommends LIC, RACL Geartech shares to buy in the short-term
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Analyst Nagaraj Shetti recommends buying LIC shares for a short-term breakout above the about ₹445-450 consolidation zone, with bullish RSI signals on daily and weekly charts. He also recommends RACL Geartech near a breakout around ₹1,425, citing a larger consolidation pattern, higher tops and bottoms, and supportive volume and RSI readings. Broader sentiment remains cautious amid US-Iran tensions, Brent crude near $85, and INR weakness, with Nifty 50 seen range-bound between 24,000 and 24,200 and a sustainable move above 24,200 needed to trigger a breakout.