Buy, Sell or Hold: What should investors do with Max Healthcare, CG Power and MTNL?

Indian markets are likely to consolidate on Wednesday, a day after benchmark indices snapped their 2-day losing streak.

Stocks that were in focus on Tuesday, included Max Healthcare that closed with gains of about 2 per cent, CG Power, which closed with gains of nearly 5 per cent, and MTNL saw an upside of 14 per cent.

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Here's what Vijay Dhanotiya, Lead of Technical Research at CapitalVia Global Research Limited, recommends investors should do with these stocks when the market resumes trading today:

Max Healthcare: Buy

Max Healthcare had given a breakout from a Pennant formation. The stock has been trading in momentum since then.

We have observed indicators like EMA and MACD indicating positive momentum in the stock that is likely to continue. We recommend a buy-in Max Health above Rs 410 with a target of Rs 480, and a stop loss can be placed below Rs 355.

CG Power: Buy

CG Power has been trading in an Ascending Channel pattern. We have observed momentum indicators like EMA and RSI, indicating that the stock will gain momentum from these levels.

We recommend a buy-in CG Power above 176 with a target of 210, and a stop loss can be placed below Rs 155.

MTNL: Buy

The stock is in a bullish trend and has given a breakout from a Flag formation. We have observed indicators like RSI and MACD indicating the momentum in the stock is likely to continue in the long run.

We recommend a buy-in MTNL near the levels of 30 with a target of 42 and a stop loss can be placed below 21.50.

(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)