Latest news with #Nifty-50Index
Mint
3 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50, Israel-Iran war to US Fed meeting; eight stocks to buy or sell on Thursday
Stock Market Today: Amidst ongoing market consolidation, the benchmark Nifty-50 Index ended 0.17% lower at 24,812.05 on Wednesday. The Bank Nifty, at 55,828.75, however, gained 0.21%. The auto and consumer durables indices also gained 0.21%, as did the IT, metals, and FMCG indices, though most others ended lower. The broader indices also saw pressure as mid- and small caps ended 0.23-0.46% lower. As long as the Nifty is trading below 24,800, the weak sentiment is likely to continue, and 24,725 would be the immediate support zone for traders. Below this, the market could slip to 24,500, while above 24,900, the sentiment could change, and it could rally up to 25,000-25,100, as per Shrikant Chouhan, Head Equity Research, Kotak Securities. Going ahead, only a sustained close above the 56,000 mark by Bank Nifty could pave the way for further upside of the indices, as per Bajaj Broking. "The domestic market failed to maintain the opening gains as the continuing tensions in the Middle East & volatility in oil prices dragged down the overall sentiment. However, auto & consumer discretionary gained in expectations of a demand revival, said Vinod Nair, Head of Research, Geojit Investments Limited. With the supportive base of the domestic macros, the long-term outlook remains intact, and investors are likely to be focused on high-quality large-cap stocks until greater clarity emerges. Investors will keep an eye on the U.S. Fed policy outcome; the prospect of higher inflation due to the tariff threat has lead the FOMC to keep the rates unchanged, added Nair. Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager, Technical Research at Prabhudas Lilladher, has given three stock picks. These include AU Small Finance Bank Ltd., Authum Investment & Infrastructure Ltd., Bharat Forge Ltd., CESC Ltd., Cummins India Ltd., Vedant Fashions Ltd. (MANYAVAR), ACME Solar Holdings Ltd., and Swiggy Ltd. . AU Small Finance Bank Ltd.—Bagadia recommends buying AU Small Finance Bank or AUBANK at around ₹ 794.5, keeping Stoploss at ₹ 766 for a target price of ₹ 850 AUBANK is currently trading at 794.5, maintaining a strong upward trajectory. The stock has consistently formed higher highs and higher lows, reflecting sustained bullish momentum. It recently reached a 52-week high of 798.5, with a key resistance level around 813. A breakout above this level could further accelerate buying interest. The exponential moving averages (EMAs) for the 20, 50, 100, and 200-day periods are all trending upwards, reinforcing the bullish outlook. 2. Authum Investment & Infrastructure Ltd (AIIL)—Bagadia recommends buying Authum Investment & Infrastructure, or AIIL, at around ₹ 2541.1, keeping Stoploss at ₹ 2450 for a target price of ₹ 2750 AIIL is trading at 2541.1 and continues to exhibit strong bullish momentum, as reflected by its steadily rising price structure and consistent upward swing pattern. The stock recently approached its all-time high of 2590, and a breakout above this significant level could trigger renewed buying interest and further upside potential. Supporting the strength of the trend, the 20, 50, 100, and 200-day Exponential Moving Averages are all trending upwards, highlighting solid demand and positive sentiment across various timeframes. 3. Bharat Forge Ltd.—Dongre recommends buying BUY BHARATFORG at around ₹ 1295, keeping Stoploss at ₹ 1275 for a target price of ₹ 1330. Stock has exhibited a strong, notable, continuing bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1295 and maintaining strong support at ₹ 1275. The technical setup indicates the potential for a price retracement towards the ₹ 1330 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 1275 offers a prudent approach to capturing the anticipated upside. 4. CESC Ltd.—Dongre recommends buying CESC at around ₹ 164, keeping stop-loss at ₹ 160 for a target price of ₹ 173 Stock has exhibited a strong, notable, continuing bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 164 and maintaining strong support at ₹ 160. The technical setup indicates the potential for a price retracement towards the ₹ 173 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 160 offers a prudent approach to capturing the anticipated upside. 5. Cummins India Ltd.—Dongre recommends buying CUMMINSIND at around ₹ 3277, keeping Stoploss at ₹ 3220 for a target price of ₹ 3400. In the latest short-term technical analysis, the stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 3277 and holding above a key support level at ₹ 3220. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 3220 to manage downside risk. The target for this trade is set at ₹ 3400, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Vedant Fashions Ltd (MANYAVAR)—Koothupalakkal recommends buying MANYAVAR at around ₹ 810 for a target price of ₹ 850, keeping stop-loss at ₹ 792 The stock after the significant erosion has been in consolidation for quite some time, with current indications of a positive candle formation moving past the 50EMA level at the ₹ 793 zone to improve the bias. The RSI is currently well positioned and has indicated a positive trend reversal to signal a buy with much upside potential visible from the current rate. With the chart technically well positioned, we suggest buying the stock for an upside target of ₹ 850 level, keeping the stop loss at the ₹ 792 level. 7. ACME Solar Holdings Ltd.—Koothupalakkal recommends buying ACME SOLAR HOLDINGS at around ₹ 253.75 for a target price of ₹ 267, keeping Stop loss at ₹ 247 The stock has recently witnessed a decent rally, and after a short period of correction, it has indicated a higher bottom formation with a decent pullback from near the 50EMA level at ₹ 235 to improve the bias and anticipate a further rise in the coming sessions. The RSI has corrected from the overbought zone, and currently it has once again signaled a buy to expect further upward movement. 8. Swiggy Ltd.—Koothupalakkal recommends buying SWIGGY at around ₹ 365 for a target price of ₹ 384, keeping Stop loss at ₹ 357 The stock has indicated a decent recovery from the low made near the ₹ 304 level, and currently, with a flag pattern breakout, it has indicated a bullish candle accompanied by decent volume participation to anticipate a further rise in the coming sessions. The RSI has gained strength and has much upside potential to carry on with the positive move further ahead. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
12-06-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Thursday — 12 June 2025
Stock Market Today: The benchmark Nifty-50 index ended a volatile trading session 0.15% higher at 25,141.40. The Bank Nifty slipped 0.3% to 56,459.75 as most other sectors, led by FMCG, ended lower. IT, Auto, Pharma were among the few that bucked the trend. In the broader markets, Mid and small-caps also ended around half a per cent lower. Crucial support for Nifty-50 Index is placed at 24,850. As long as the index holds above this level, the trend is likely to remain positive, with potential to move towards 25,350 in the short term, Rupak De, Senior Technical Analyst at LKP Securities. For Bank Nifty immediate support is seen at 55,400 as per Bajaj Broking. Profit booking continues in the broader markets, driven by elevated domestic valuations. However, large-cap resilience is supporting the indices, with institutional investors favoring companies with stable earnings outlooks. The Auto and IT sectors remain in focus—Auto stocks are gaining on improved monthly sales, while IT are benefiting from optimism around a potential US-China trade resolution, said Vinod Nair, Head of Research, Geojit Investments Limited. Meanwhile, following the recent rally, the market lacks clear direction as investors await key macroeconomic data and updates on trade negotiations, added Nair. Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher has given three stock picks. These Include Aries Agro Ltd, Blue Jet Healthcare Ltd , PB Fintech Ltd, PNB Housing Finance Ltd, National Aluminium Company Ltd, Waaree Energies Ltd , Prince Pipes and Fittings Ltd and TD Power Systems Ltd. Aries Agro Ltd- Bagadia recommends buying ARIES at around ₹ 334.2 keeping Stoploss at ₹ 320 for a target price of ₹ 355 ARIES is currently trading at the levels of 334.2, the stock is in a bullish trend on the daily chart, having formed a well-defined cup and handle pattern, which is typically recognized as a bullish continuation structure. The breakout above the neckline of the pattern suggests renewed buying interest and potential for upward expansion. This pattern reflects a period of accumulation followed by a slight consolidation before the breakout. 2. Blue Jet Healthcare Ltd- Bagadia recommends buying BLUEJET at ₹ 963.15 keeping Stoploss at ₹ 925 for a target price of ₹ 1035. BLUEJET is currently trading in the levels of 963.15, the stock is in a strong uptrend on the daily chart, having recently broken out from a consolidation phase. The stock had earlier faced a slight correction from its all-time high levels but has since resumed upward momentum with strong bullish candles. This recovery indicates renewed buying interest and strength in the trend. The breakout is supported by increased volume activity, confirming buyer participation. 3. PB Fintech Ltd- Dongre recommends buying PB Fintech or POLICYBZR at around ₹ 1887 keeping Stoploss at ₹ 1857 for a target price of ₹ 1950 In the latest short-term technical analysis, stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 1887 and holding above a key support level at ₹ 1857. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 1857 to manage downside risk. The target for this trade is set at ₹ 1950, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 4. PNB Housing Finance Ltd - Dongre recommends buying PNB Housing Finance or PNBHOUSING at around ₹ 1121 keeping Stoploss at ₹ 1100 for a target of ₹ 1170. Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1121 and maintaining a strong support at ₹ 1100. The technical setup indicates the potential for a price retracement towards the ₹ 1170 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 1100 offers a prudent approach to capturing the anticipated upside. 5. National Aluminium Company Ltd- Dongre recommends buying National Aluminium Company or NATIONALUM at around ₹ 190 keeping Stoploss at ₹ 184 for target price of ₹ 198. Stock is currently trading at ₹ 190 and appears to be in bullish zone for short term. A bullish reversal pattern has emerged on the daily chart, indicating a potential upmove. The critical support level lies at ₹ 198, which also acts as a key stop-loss point for this trade. With bullish cues signaling a possible retracement towards the ₹ 198 target, this setup provides a favorable entry opportunity for traders looking to capitalize on a technical rebound. 6. Waaree Energies Ltd- Koothupalakkal recommends buying WAAREE ENERGIES at around ₹ 2884 for a Target of ₹ 3020 keeping Stop loss at ₹ 2830. The stock has indicated a series of higher bottom formation on the daily chart with bias improving and with decent volume participation visible, we expect for further rise in the coming sessions. The RSI is well placed and has signaled a buy with much upside potential movement anticipated and with the chart technically well positioned, we suggest buying the stock for an upside target of ₹ 3020 level keeping the stop loss of ₹ 2830 level. 7. Prince Pipes and Fittings Ltd - Koothupalakkal recommends buying PRINCE PIPES at around ₹ 360.75 for a target price of ₹ 380 keeping Stop loss at ₹ 353. The stock has indicated a strong bullish candle on the daily chart with huge volume participation visible to strengthen the trend and can anticipate for further rise in the coming days. The stock has gained momentum and with the RSI maintaining the strong undertone, can carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock for an upside target of ₹ 380 keeping the stop loss of ₹ 353 level. 8. TD Power Systems Ltd - Koothupalakkal recommends buying TD POWER SYSTEM at around ₹ 511.50 for a Target price of ₹ 534 keeping Stop loss at ₹ 500. The stock has gained strength with series of higher bottom formation visible on the daily chart and with currently having a bullish candle pattern accompanied by decent volume participation, we can expect for further upward movement in the coming days to gain further. The RSI has corrected from the highly overbought zone and is well placed with strength indicated to carry on with the positive move. With the chart looking good, we suggest buying the stock for an upside target of ₹ 534 . Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
11-06-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Wednesday — 11 June 2025
Stock Market Today: The benchmark Nifty-50 Index ended flat at 25,104.25 amidst ongoing consolidation in the market that is awaiting fresh triggers. The Bank Nifty at 56,629.10 ended 0.37% lower amidst mixed trend in the sectoral indices. Many indices led by Realty ended in the red while IT, pharma, energy were among gainers> The broader indices also ended almost flat. Despite showing choppy movement in the short term, the near-term uptrend setup of Nifty remains positive and a sustainable move above 25200 levels could open the next upside towards 25600 levels in the near term. Immediate support is placed at 25000-24900 levels, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. For Bank Nifty immediate support is seen at 55,400, however Bajaj Broking expects the index to maintain its upward bias. Investors will be closely watching Trump's speech later today and the U.S. inflation report due on Wednesday and India CPI due on Thursday, for further direction. Looking ahead, we expect markets to continue to consolidate and remain range-bound with a positive bias, said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd. Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher has given three stock picks These include Adani Green Energy Ltd, Dr Reddy's Laboratories Ltd, Bharat Forge Ltd, CESC Ltd, Cummins India Ltd , Torrent Power Ltd m Chambal Fertilisers & Chemicals Ltd and GlaxoSmithKline Pharmaceuticals Ltd Adani Green Energy Ltd- Bagadia Buy ADANIGREEN at around ₹ 1060.5 keeping Stoploss at ₹ 1023 for a target price of ₹ 1135 ADANIGREEN is currently trading near ₹ 1060, showing a strong recovery with three consecutive bullish sessions, which signals a significant reversal in momentum. The stock has successfully broken out of its recent lower high, supported by a notable increase in trading volumes that indicates strong buying interest. If ADANIGREEN maintains its position above the ₹ 1150 level, it is well-positioned for further upward movement, with a potential target of ₹ 1135. 2. Dr Reddy's Laboratories Ltd- Bagadia recommends buying Dr Reddy's Laboratories at around ₹ 1348.80 keeping Stoploss at ₹ 1300 for a target price of ₹ 1443 DRREDDY is currently trading at the levels of 1348.8, exhibiting a strong bullish trend on the daily chart, having recently completed a breakout from an ascending channel pattern. This breakout is supported by rising volumes and consistent upward price action over recent sessions. The stock has gained significant momentum, rallying to a recent high of 1362.6. 3. Bharat Forge Ltd - Dongre recommends buying BHARATFORG at around ₹ 1340 keeping Stoploss at ₹ 1310 for a target price of ₹ 1380 Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1340 and maintaining a strong support at ₹ 1310. The technical setup indicates the potential for a price retracement towards the ₹ 1380 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 1310 offers a prudent approach to capturing the anticipated upside. 4. CESC Ltd - Dongre recommends buying CESC at around ₹ 171 keeping Stoploss at ₹ 164 for a target price of ₹ 183 Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 171 and maintaining a strong support at ₹ 164. The technical setup indicates the potential for a price retracement towards the ₹ 183 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 164 offers a prudent approach to capturing the anticipated upside. 5. Cummins India Ltd- Dongre recommends buying CUMMINSIND @ 3388 SL 3440 TGT 3500In the latest short-term technical analysis, stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 3388 and holding above a key support level at ₹ 3440. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 3440 to manage downside risk. The target for this trade is set at ₹ 3500, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Torrent Power Ltd- Koothupalakkal recommends buying TORRENT POWER at around ₹ 1451 for a target price at ₹ 1520 keeping stop loss at Rs1425 The stock after a short period of consolidation has indicated a bullish candle formation on the daily chart just moving past the important 50EMA level at ₹ 1441 with decent volume participation involved to improve the bias and can anticipate for further rise in the coming sessions. The RSI has been flat for quite a while and has indicated a positive trend reversal to indicate strength and can carry on with the positive move further ahead. With the chart technically well positioned. 7. Chambal Fertilisers & Chemicals Ltd- Koothupalakkal recommends buying CHAMBAL FERT at around ₹ 565 for a target price of ₹ 590 keeping Stop loss at ₹ 553 The stock after witnessing a significant correction has indicated a strong bullish candle formation taking support near the 200 period MA at ₹ 540 zone and has improved the bias to expect for further gains in the coming sessions. The RSI has triggered the buy signal from the highly oversold zone and looks very much attractive with much upside potential visible and can carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock for an upside target of ₹ 590 keeping the stop loss of ₹ 553 level. 8. GlaxoSmithKline Pharmaceuticals Ltd- Koothupalakkal recommends buying GlaxoSmithKline Pharmaceuticals or GLAXO at around ₹ 3398 for a target price of ₹ 3520 keeping Stop loss at ₹ 3340 The stock after witnessing the short period of correction from ₹ 3500 level, it has indicated a strong recovery in the final hours with volume participation visible and has improved the bias in the hourly chart to anticipate for further rise in the coming session. The RSI in the hourly time frame is well placed and has indicated a buy signal to expect for another round of fresh momentum to gain further. With the chart looking good, we suggest buying the stock for an upside target of ₹ 3520 level keeping the stop loss of ₹ 3340 level. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
03-06-2025
- Business
- Mint
Indian stock market may stay range-bound amid rich valuations and global uncertainty, warns Kotak
The Indian stock market has been trading in a consolidation range for the past few weeks, and this range-bound movement is expected to persist in the coming months. According to domestic brokerage firm Kotak Institutional Equities, rich valuations, ongoing weakness in domestic consumption and investment demand, along with global geopolitical and macroeconomic uncertainties, may keep the Indian stock market range-bound over the next few months. The brokerage notes that expensive valuations across sectors and stocks, domestic growth headwinds across consumption, investment, and outsourcing sectors, and global growth and inflation challenges are likely to act as headwinds for the Indian stock market. Kotak finds that valuations have remained elevated across several sectors and stocks despite meaningful earnings downgrades. This, as per the brokerage, suggests that the market does not care about valuations and/or the market does not care about earnings. "In our view, this nonchalant attitude perhaps reflects the market's confidence in retail investors sustaining their hitherto price-agnostic purchases of stocks through mutual funds and FPIs staying positive on Indian equities based on a 'narrative' of a lack of alternatives in EMs," said the brokerage. At a broader level, Kotak's analysis shows that valuations are higher than pre-pandemic levels despite significantly elevated risks to global growth and inflation, higher global interest rates and bond yields, domestic growth and profitability challenges for most sectors in the short term, and significantly higher medium-term disruption risks arising from increased competition and structural changes. Kotak sees a few positives for the Indian economy in the form of lower interest rates and low commodity prices, which could support higher government and/or household savings. Nonetheless, it ruled out a strong economic recovery due to ongoing challenges to consumption demand from inadequate creation of good-quality jobs, a slowdown in investment demand (likely flat government capex, weaker residential real estate sales, and no signs of recovery in private capex), and headwinds to exports/outsourcing from an uncertain global environment and slowing global growth. According to the brokerage, the net income of the Nifty-50 Index in the March quarter grew 3.7%, which was 3.8% above its expectation. Net income of its coverage universe grew 8.2%, compared to its expectation of a 0.8% increase. Kotak identified that the beat was led by banks (notably SBI), downstream oil marketing companies (due to unexpectedly high gross refining margins), and higher-than-expected other income. The EBITDA of the Nifty-50 Index during the quarter improved by 9.2%, compared to its expectation of 10.2%, while EBITDA of its coverage universe grew 11.2%, versus an expected 8.3% increase. For FY2025, net income and EBITDA of the Nifty-50 Index grew by 6.4% and 4.5%, respectively. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
30-05-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Friday — 30 May 2025
Stock Market Today: The benchmark Nifty-50 Index manaed to end a volatile trading session on Thursday with gains of 0.33% at 24,833.60. The Bank Nifty also ended 0.23% higher at 55,546.05 as most other sectors led by Realty, Metal and Healthcare gained. The broader indices also ended with almost half a per cent gains. For Nifty-50 Index 24,700 and 24,650 would act as key support zones and if the market sustains above these levels, the chances of hitting 25,000 -25,100 would become brighter. However, a break below 24,650 could change the sentiment, said Shrikant Chouhan, Head Equity Research, Kotak Securities: For Bank Nifty, the support is placed near 54,900 and as long as the index remains above this level, a relief rally towards 56,000 cannot be ruled out, said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. Looking ahead, we expect the market to remain range-bound, with sector rotation and stock-specific movements driven by the final set of Q4 results on Friday, macro-economic indicators, and developments on the US tariff front., said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd. Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher has given three stock picks Jindal Steel & Power Ltd- Bagadia recommends buying Jindal Steel & Power or INDALSTEL at Around ₹ 971 keeping Stoploss at around ₹ 937 for a target price of ₹ 1040 JINDALSTEL is currently trading around ₹ 971, showing a strong recovery from recent lows and indicating a potential reversal in trend. The stock is on the verge of breaking its recent lower-high structure, supported by a significant surge in trading volumes—highlighting increased market participation and renewed buying interest. A sustained move above the ₹ 986 level would confirm a bullish breakout, potentially paving the way for an upside move toward the short-term target of ₹ 1040. 2. Mazagon Dock Shipbuilders Ltd- Bagadia recommends buying Mazagon Dock Shipbuilders or MAZDOCK at around ₹ 3751.20 keeing Stoploss at ₹ 3619 for a target price of ₹ 4014 MAZDOCK is currently trading at ₹ 3751.20, maintaining a strong uptrend marked by the formation of consistent higher highs and higher lows—an indication of sustained bullish momentum. The stock recently reached an all-time high of ₹ 3775, with a critical resistance level identified near ₹ 3800. A decisive breakout above this level could attract further buying interest and drive the stock toward its next potential target of ₹ 4017 3. Glenmark Pharmaceuticals Ltd - Dongre recommends buying Glenmark Pharmaceuticals or GLENMARK at around ₹ 1410 keeping Stoploss at ₹ 1370 for a target price of ₹ 1450 In the latest short-term technical analysis, stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 1410 and holding above a key support level at ₹ 1370. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 1370 to manage downside risk. The target for this trade is set at ₹ 1450, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 4. Bharat Electronics Ltd- Dongre recommends buying Bharat Electronics or BEL at ₹ 386 keeping Stoploss at ₹ 375 for a target price of ₹ 405 Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 386 and maintaining a strong support at ₹ 375. The technical setup indicates the potential for a price retracement towards the ₹ 405 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 375 offers a prudent approach to capturing the anticipated upside. 5. Tata Consultancy Services Ltd or TCS- Dongre recommends buying TCS at around ₹ 3500 keeping Stoploss at ₹ 3450 for a target price of ₹ 3600. Stock is currently trading at ₹ 3500 and appears to be in bullish zone for short term. A bullish reversal pattern has emerged on the daily chart, indicating a potential upmove. The critical support level lies at ₹ 3450, which also acts as a key stop-loss point for this trade. With bullish cues signaling a possible retracement towards the ₹ 3600 target, this setup provides a favorable entry opportunity for traders looking to capitalize on a technical rebound. 6. Ideaforge Technology Ltd - Koothupalakkal' recommends buying Ideaforge Technology or IDEA FORGE at around ₹ 539.80 for a target price of ₹ 570 keeping Stop loss at ₹ 528 The stock maintained with a strong bullish trend has once again witnessed a significant revival after a short period of correction taking support near the ₹ 501 zone to improve the bias and anticipate for another fresh round of upward move in the coming sessions. The RSI after correcting from the highly overbought zone is well positioned and has indicated a positive trend reversal to signal a buy and has much upside potential to carry on with the positive move further ahead. With the chart technically looking good, 7. Graphite India Ltd -Koothupalakkal' recommends buying Graphite India or GRAPHITE INDIA at around ₹ 553 for a target price of ₹ 585 keeping Stop loss at ₹ 542 The stock after having a strong steep rise recently has corrected to some extent forming a flag pattern on the daily chart and currently has indicated a breakout to improve the bias and anticipate for fresh upward move in the coming days. The RSI has indicated strength and once again with a positive trend reversal indication has signaled a buy with upside potential visible. With the chart technically well positioned, we suggest buying the stock for an upside target of ₹ 585 level keeping the stop loss of ₹ 542 level. 8. Nava Ltd - Koothupalakkal' recommends buying NAVA at around ₹ 473.90 for a target price of ₹ 500 keeping Stop loss at Around ₹ 462 The stock has indicated a bullish candle formation on the daily chart after a short period of consolidation to come out of the narrow range bound zone and has improved the bias to anticipate for further rise. The RSI is well positioned indicating a trend reversal to signal a buy and has much upside potential to carry on with the positive move further ahead. With the chart technically looking attractive, we suggest buying the stock for an upside target of ₹ 500 level keeping the stop loss of ₹ 462 level. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
