The nifty 50 has ben in a range for almost thetyre month. A Fresh Spell of Strong Buying May Make the Index End The Month With A Healthy Gain, Extending The Winning Streak to Four Consective Months.
However, Experts WARN Investors and Traders Should Remain Cutious as Trump’s tariff-Recerted Unceerty Persists. They sugged investors focus on stocks with strong fundamentals and favorite technical indicators at this Juncture.
Stock picks for the short term
Expert: Mandar Bhojane, Equity Research Analyst, Choice Broking
Bharat Dynamics (BDL) | Previous close: 1,931.20 | Target prises: 2,150 and 2,200 | Stop Loss: 1,820
BDL is showing signs of a Falling Wedge Breakout on the Daily Chart – A Bully Pattern. The breakout is supported by a notable spike in volume, further validating the strength of this move.
“A sustained close Above 1,935 clock lead to an upward raly 2,150 and 2,200. ImmediaTe Support Lies at 1,900, Making Dips Attractive for Fresh Entries. For Effective Risk Management, A Stop Loss Should Be Placed at 1,820, “said bhojane.
BSE | Previous close: 2,775.30 | Target prises: 3,100 and 3,200 | Stop Loss: 2,580
BSE has recently shown a bullish reversesal from the 20 ema, forming a strong bullish candle backed by rising volumes – a positive sign for further UPSIDE.
“A decisive close Above 2,780 may open the way for targets of 3,100 and 3,200. Immediati support is seen near 2,680, offering a favorite entry on Dips. To limit downside risk, a stop-loss is advised at 2,580, “said bhojane.
Central Depository Services (CDSL) | Previous close: 1,723.30 | Target prises: 1,900 and 1,950 | Stop Loss: 1,630
CDSL has shown a bully by taking support at the 20 ema on the daily chart. This upward move is supported by a significant Rise in Trading Volume, Indicating Strong Bulish Momentum. The rsi at 64.34 indicates Improving Momentum.
“A close Above 1,750 would further confirm the breakout and strengthen the case for short-term targets of 1,900 and 1,950. On the downside, immediati support lies at 1,650, Making Dips a Good Buying Opportunity. For Risk Management, A Stop-Loss Should Be Placed at 1,630, “Bhojane said.
Expert View: Vishnu Kant Upadhyay, AVP – Research & Advisory, Master Capital Services
Jindal Stainless | Previous close: 687 | Target prises: 746 and 760 | Stop Loss: 645
Jindal Stainless has registered a decisive breakout from an inverse head and shoulders pattern, Signalling a Bullying Trend Reversal.
The stock rebounded from the right shoulder region, Affirming Strong Support at that Level.
It has maintained a higher high, higher low structure, and the breakout is acompanied by a notable surge in volume, indicating accumulation by Market Participants.
The stock is trading Above Its Key Short-Term Exponical Moving Average (21 & 55 EMA), Reinforcing Bullystum.
An RSI of 67 and Bulish Macd Divergence Further Validate The Strength, Suggessting Potential outperformance in the Near Term.
Wockhardt | Previous close: 1,752.10 | Target prises: 1,930 and 1,945 | Stop Loss: 1,655
Wockhardt has registered a fresh breakout from its consolidation phase, marked by a bullish marubozu candle and a new all-time high.
A successful retest and rebound from the breakout zone reinforce the breakout’s credibility.
The surge in volume confirms strong boying participation. The stock continues its structure of Higher HIGHS and Higher Lows, Underscoring a Sustained Uptrend.
Trading Well Above Its 21- & 55-Maha, It Reflects Strong Momentum.
An RSI of 67 and Bulish Macd Crossover with Overbough Conditions Further Affirm Strength, Indicating Potential for Continued Outperformance.
Cummins India | Previous close: 3,260.90 | Target prises: 3,500 and 3,550 | Stop Loss: 3,110
Cummins India has given a breakout Above a declining trendline, signalling a bullish trend reveresal.
The post-breakout retest of the trendline, which now coincides with the 21-ma, has acted as strong support, reaffding its significance.
This breakout was supported by a sharp risk in volumes, indicating strong accumulation.
The stock is trading Above Its Key Short-Term Emas (21 & 55), Reflecting Sustained Bulish Bulish Momentum.
A golden crossover further reinforces the positive outlook. With RSI at 56 and Bulish Macd Crossover, The Stock appears well-positioned for a Continued Upward Trajectory.
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Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investment Decisions, As Market Conditions Can Change Rapidly, and Circumstances May Vary.
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