In conversation with Zee Business’ Managing Editor, Anil Singhvi, technical analyst Simi Bhaumik said she had picked Cosmo Films as her long-term pick, West Coast Paper as Positional Term pick, and Century Ply as Short Term pick. Read more to know why!

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Long-Term Pick - Cosmo Films

Bhaumik said that Cosmo Films respected its 100-Day moving average (DMA) and was moving in a range over the past three weeks. It witnessed a breakout on Tuesday which it confirmed today. From a 4 to 6 months perspective, she gave a target of Rs 2500, with a stop loss of Rs 1580, and recommended buying at current levels.

Short-Term Pick - West Coast Paper

For the short-term picks, Bhaumik recommended investors to buy West Coast Paper. Despite positive movement seen in the stock, it still has the possibility to move upward. With Covid concerns fading now, the re-opening of offices, educational institutions, and courts, the demand for paper is expected to get back, leading to a positive impact on paper stocks.

She recommended a target of Rs 320 to Rs 350, in the next few days, with a stop loss of Rs 288, and suggested buying at current levels.

Positional Pick - Century Ply

 

Moving to the positional pick for today, Bhaumik recommended Century Ply. Citing her previous recommendation, she said that century ply always achieved its target every time she recommended it. The stock is expected to show great momentum from current levels. She gave a target of Rs 700 to Rs 750, with a stop loss of Rs 620, and suggested buying at current levels.

 

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