Choice Broking Sees Upside in Hindustan Copper, Kotak Mahindra Bank, and Data Patterns India

Choice Broking's Sachin Gupta has recommended buying Hindustan Copper, Kotak Mahindra Bank, and Data Patterns India based on technical analysis.

The stocks have shown positive signs with various indicators, including bullish engulfing candles and rising channels. For example, Hindustan Copper's recent rally has led to the formation of a 'bullish engulfing' candle near key moving averages, indicating buying support at lower levels.

Gupta recommends buying Hindustan Copper at Rs 556 with a stop-loss of Rs 526 and a target price of Rs 608. He also suggests that Kotak Mahindra Bank's breakout above a significant trendline resistance is a positive sign, making it a good buy at Rs 417 with a stop-loss of Rs 400 and a target of Rs 445.

Data Patterns India is also showing a positive technical structure, trading within a rising channel pattern. Gupta recommends buying the stock at Rs 4,779 with a stop-loss of Rs 4,554 and a target of Rs 5,200.