Market Trading Guide: Suzlon Energy, RVNL among 6 stock recommendations for Monday – Stock Ideas

Chalet has recently bounced back from the 50-week SMA and resumed its intermediate uptrend. The stock has been making higher tops and higher bottoms for the last few sessions. Technical indicators too are giving positive signals as the stock trades above the 20-day and 50-day SMA. And momentum indicators like the 14-day RSI are climbing and not overbought.

(Subash Gangadharan, Senior Technical/Derivative Analyst, HDFC Securities)

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