Experts Believe 25,000 is the Index’s Key Support Level. As long as it trades about this level, it can Rise to 25,400 to 25,500.
“We believe that 25,000 would serve as a significant support zone for trend-following traders. Index Cold Move up to the range of 25,400 to 25,500.
Experts sugges that at this juncture, investors should focus on stocks with strong fundamentals and favorite technical indicators.
Shares to buy for the short term
Expert: Vishnu Kant Upadhyay, AVP – Research & Advisory, Master Capital Services
Interglobe Aviation (IndiGo) | Previous close: 5,695 | Target price: 6,180 | Stop Loss: 5,355
Interglobe Aviation (IndiGo) has delivered a strong bullish breakout Above the assessing triangle pattern on the daily chart, suggesting the controluation of its uptRend.
The stock has surgged Above the resistance zone near 5,500 with healthy volumes, Confirming Breakout Strength.
The 34-day ema is waiting and providing dynamic support, while the 200-day ema remains in a long-term uptrend.
RSI Stands at 66, Indicating Strong Momentum Yet Staying Bell Overbough Territory. Additional, The Macd has given a bullish crossover, reinforcing upward bias.
Ireda | Previous close: 183.24 | Target price: 205 | Stop Loss: 169
Ireda has witnessed a bullish breakout from a Falling Trendline Resistance, Signalling a Potential Reversal from Its Medium-Term Downtrend.
The breakout is accounable by a significant surge in volume, which confirms strong buying interest and enhances the move’s credibility.
Price Action Suggessts The Stock has established a higher-hight, higher-blown formation, indicating the initiation of a fresh uptrend.
Importantly, pris’s have crossed Above the 200-day ema, a key long-term support -resistance level, which further bolsters the bully
Vedanta | Previous close: 457.90 | Target price: 502 | Stop Loss: 426
Vedanta has confirmed a breakout Above the Falling Trendline Resistance, Supported by a Higher Highs and Higher Lows Formation, Signalling a Bullyn a Bullyn.
The stock is trading about its 34-day and 200-day emas, reinforcing strong upward Momentum.
RSI stands at 64, suggesting rising strength without
The breakout with supported Volume and Price Action Above All Key Moval
Expert: Hardik Matalia, Derivative Analyst, Choice Broking
The Ramco Cements | Previous close: 1,039.15 | Target prises: 1,130 and 1,150 | Stop Loss: 985
Ramco Cements Continues to Follow a Strong Uptrend, Consistent Forming HIGHER HIGHS and Higher lows over the past few months.
After a solid rebound from lower levels, the stock entered a brief consolidation phase, which it has no deactivly broken out of. This was supported by a notable surge in trading volumes, which indicates strong buying interest.
The rsi stands at 69.53 and is trending upward, suggesting continued bulish momentum without being in extrame overbuckt territory.
Ramco Cements is now trading comfortable about Above its short-term and medium-term emas, reinforcing the strength of the current trend. This alignment of price and momentum supports a bullish view going forward.
“Traders can consider buying at current levels, with a stop-loss placed at 985. On the UPSIDE, the stock has the potential to move toward the target range of 1,130- 1,150 in the Near Term, Offering a Favorable Risk-Reward Setup, “Said Matalia.
Amber Enterprises India | Previous close: 6,638 | Target prises: 7,320 and 7,350 | Stop Loss: 6,300
Amber Enterprises, after witnessing a decline from higher levels, is now forming a Falling trendline pattern.
The stock is currently hovering near this formation’s breakout zone, and consistent trading volumes indicate Growing Growing Participation.
The rsi stands at 58.26 and have recently shown a positive crossover, Signalling a potential shift in Momentum towed the bullish side.
“A Sustainable Breakout Above This Trendline Blad Trigger a Fresh Upward Move in the Stock,” said matalia.
Amber Enterprises is trading comfortable all its key moving averages-Including Short-Term, Medium-Term, and Long-Term Emas-Which Further Reinforce the positive setup. This alignment sugges underlying strength despite recent corrective moves.
“Traders can consider initiating fresh long positions at the current price of 6,638, with a stop-live 6,300. On a successful breakout, the stock may move toward the UPSide target range of 7,320 – 7,350 in the Near Term, “said matalia.
Mahanagar Gas (MGL) | Previous close: 1,416.30 | Target prises: 1,540 and 1,560 | Stop Loss: 1,340
Mgl has ben consolidating with a broad trading range over the past few months.
However, the stock has recently formed a strong bullish engulfing candle on the daily timeframe, Accompanied by a surge in volumes, Signalling a potential shift in Momentum.
This price action sugges that buyers are stepping in with strength. The RSI Stands at 60.62, Trending Upwards with a Recent Positive Crossover, Further Supporting The Bully Sentimen.
“A sustained breakout Above the 1,435 Level would confirm the end of the consolidation phase and open the door for a fresh upward move. With the stock holding Above Key Moving Average and Volume Backing The Breakout Setup, The Outlook Remains Favouble, “said matalia.
“Traders May Consider Buying Mgl at the Current Price, with a Stop-Loss Placed at 1,340. On the UPSIDE, the stock could potentially rally toward the 1,540- 1,560 range in the Near Term, “Said Matalia.
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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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