1) Poonawalla Fincorp: Buy at ₹395, target ₹425, stop loss ₹380.
Poonawalla Fincorp stock is trading at ₹394.95, rebounding from the support zone. The stock recently broke out of the downtrend line and is currently consolidating near the breakout level, proving the strength of the breakout. This rebound indicates stability and suggests further upside potential. If Poonawalla Fincorp stock can sustain above the ₹400 level, it could continue its upward trajectory towards the ₹425 level.
The momentum indicator RSI remained flat at 50.14, confirming the bullish outlook. Additionally, Poonawalla Fincorp stock is trading close to near-term 20-day EMA and intermediate-term 50-day EMA levels, and sustaining above these could lead to further bullish momentum.
In summary, based on favorable technical settings and key indicators (RSI and moving averages), buying at current market price ₹394.95, stop loss at ₹380 and target at ₹425 offers a convincing profit. bring. Opportunity for potential profit. This strategy is consistent with the continued bullish trend in stock prices.
2) BEML: Buy at ₹3664, target ₹3960, stop loss ₹3525.
BEML is trading at 3664 and continues to consolidate within a range close to the demand zone. The stock is showing signs of reversing from support levels, indicating a potential buying opportunity. The hammer candlestick is also near support on the daily chart, indicating a possible reversal. If BEML sustains above the ₹3720 level, it may continue to move higher towards the ₹3960 target.
The Relative Strength Index (RSI) is currently at 38.84, indicating that the stock is in the neutral zone and nearing a level where buyers are likely to enter. Additionally, BEML is trading near the long-term (200-day) EMA and below major moving averages including the short-term (20-day) and intermediate-term (50-day) EMAs. If the stock price sustains above these moving averages, the bullish outlook could become even stronger.
Based on technical analysis and current market conditions, if BEML breaks above the resistance level, the target price is ₹3960, providing a promising buying opportunity. However, to reduce downside risk, appropriate risk management strategies should be applied, such as setting a stop loss at ₹3525.
3) Zomato: Buy at ₹275.30, target ₹300, stop loss ₹263.
Zomato’s stock price has been on an upward trend over the long term. Recently, we have seen a pullback from all-time high levels towards the demand zone. Over the past few months, the stock has consistently made highs and lows, indicating a bullish pattern. On the daily chart, a strong bullish candlestick has formed near the support zone, suggesting a continuation of the uptrend.
If the stock can sustain above the ₹280 level after rebounding from the support zone, it is likely to continue its upward trajectory towards new highs. The relative strength index (RSI) is 52.99, indicating that the stock is not overbought yet, confirming the bullish trend.
Moreover, Zomato stock has recently recovered from the medium-term (50-day) EMA and moved above the short-term (20-day) EMA, further reinforcing the strength of the current uptrend.
Based on technical analysis and current market conditions, ZOMATO offers an attractive buying opportunity above recent highs for investors targeting higher price levels. A key support zone around ₹263 strengthens its attractiveness and provides a solid foundation for a potential bull run. However, it is important to protect against downside risks by applying appropriate risk management strategies.
Disclaimer: The views and recommendations provided in this analysis are those of the individual analysts or brokerage firms and not of Mint. Because market conditions can change rapidly and individual circumstances may vary, investors are strongly encouraged to consult a certified professional before making any investment decisions.
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