Trade Setup for Chiursday
Crucial support for nifty-50 index is placed at 24,850. As long as the index holds about 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.
Global Markets and Outlook
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 sector 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 naira, head of Research, Geojit Investments Limited.
Meanwhile, following the recent rally, the market lacked directors as investors Await Key Macroeconomic Data and Updates on Trade Negotiations, Added NAIR.
Stocks to buy today
Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, Sugged Three Stocks, While Shiju Koothupalakkal, Senior Manager – Technical Research, Technical Research, At Prabhudas Lilladher has given throughr Stock picks.
These include aries agro ltd, blue jet healthcare ltd, PB Fintech Ltd, PNB Housing Finance Ltd, National Aluminum Company Company Ltd, Waare Energies Ltd, Waaree Energies Ltd, Prince Pipes and TD and TDORE Systems Ltd.
Sumeet Bagadia’s Stock Picks
- 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-deefined cup and handle pattern, which is typically corognized as aus aus aus Continuation structure. The breakout Above the neckline of the pattern sugests 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 resumes upward Momentum with strong bullyum with strong bulb This recovery indicates renewed buying interest and strength in the trend. The breakout is supported by Increased Volume Activity, Confirming Buyer Participation.
Ganesh Dongre’s Stocks to Buy Today
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 bully 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 services as a critical point for risk management. Given the Bulish Momentum, Traders are advised to consider a buying options with a stop-loss placed strategically at 1857 to manage downside risk. The target for this trade is set at 1950, Suggesting a favorite 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 control 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 reveresing from a support base and showing signs of renewed strength, entering at the current market price with a stop-level 1100 offers a prudent approach to capturing the anticipated upside.
5. National Aluminum Company Ltd– Dongre recommends buying national aluminum 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 Bullyst 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 for this trade. With bulish cues signaling a possible retracement towards the 198 target, this setup provides a favorite entry options for traders looking to capitalize on a technical rebound.
Shiju koothupalakkal’s intraday stocks for today
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 Furter 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 Sugged Buying the Stock for an updeet of an upde 3020 level keeping the stop loss of 2830 Level.
7. Prince Pipes and Fittings Ltd – Koothupalakkal recommends buying prince pips 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 furter risk 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 sugges boying 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 pattern acompanied by Decent Volume Participation, we can expert form Forring forward Movement in the coming days to Gain Further. The rsi has corrected from the highly overbough zone and is well placed with strength indicated to carry on with the positive move. With the chart looking good, we sugges boying the stock for an upside target of 534.
Disclaimer: The views and recommendations made Above are that of individual analysts or broking companies, and not of mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
Discover more from Gautam Kalal
Subscribe to get the latest posts sent to your email.
Be First to Comment