STOCKS ON RADAR

In June, Bajaj Auto's stock peaked at Rs 10,038 before declining to Rs 9,390, where it found support. It later closed above its 10 and 20-day EMAs, breaking out of a downward channel formed after reaching its peak.

HDFC Bank's stock hit a record high of Rs 1,791 on July 3rd following a strong June quarter business update, but then fell over 9% to Rs 1,624 by July 12th. The bank on 4th July said its gross advances registered 53% year-on-year growth at Rs 24.87 ...

BHEL broke out from a narrow consolidation range since May 2024 on daily charts, signaling potential for new 52-week highs. Experts suggest short-term traders consider buying with a target of Rs 365 in the coming weeks. The scrip surged from Rs 93 o...

“The stock witnessed a fresh breakout above the Inverted Head & Shoulder pattern on short term charts. Traders can buy for a target of Rs 278 in the next 1-2 months,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.Stock Radar |...

HOEC broke out from an inverse head and shoulders pattern after nearly four months of consolidation on daily charts. Experts foresee potential for the stock to reach around Rs 270 in the next 1-2 months. The stock hit a 52-week high of Rs 258 on Aug...

“Cement stock in action which should add to the momentum. Grasim stock has been making higher highs from the last 16 months. Traders can buy for a target of Rs 2900 in the next 2-3 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research,...

After surging over 60% in a year, the cement stock broke out of a classic Flag pattern this week, propelling it to a new record high of Rs 2,836 on July 11, 2024. This breakout, recognized as a bullish continuation pattern in technical analysis, ind...

“We are seeing recovery in the FMCG pack and Tata Consumer looks set to resume the trend. Traders can buy for a target of Rs 1390 in the next 1-2 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.Stock Radar | Should you buy now? Tata...

The FMCG stock hit a record high of Rs 1,269 on March 7, 2024, but soon after the rally lost steam. Treading below the 20- & 30-week moving average, it found support above the 1,000 level. This is the level in which it has consolidated in a range si...

"Bandhan Bank stock has been consistently trading above its 50-day Moving Average on the daily chart, indicating a positive trend. Traders can buy for a target of Rs 213-230 in the next few weeks," says Kkunal V. Parar, Vice-President of Technical R...

The bank stock soared to a 52-week high of Rs 263 in January 2024 but then tumbled over 22%, closing at Rs 204 in July. Despite briefly dipping to Rs 170 in April, the stock rebounded and now sits above its 50-day moving average.

Over the past year, HAL shares have surged 197%, rising from Rs 1,867 on July 5, 2023, to Rs 5,552 on July 5, 2024. Post reaching a high of Rs 5,585 on June 19, 2024, the stock experienced a slight pullback but continued its upward trajectory. It fo...

Citi maintains a sell rating on Persistent (TP: Rs 3,080). Q1 shows strong growth but expects sequential margin decline, with Q2 at risk due to wage hikes. Market worries over FY25 margins and stable TCV. Despite a 24% rise, stock beats IT index by ...

“At the current juncture, a fresh breakout has been observed above the “Cup & Handle” pattern on to the daily charts of Apollo Hospitals stock indicating a positive price action in upcoming sessions,” Shitij Gandhi, Senior Technical Analyst, SMC Glo...

“REC stock has come out of its consolidation of the last three weeks and trading above its higher band. Traders can buy for a target of Rs 585 in the next 1-2 weeks,” says Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Fi...

The stock price surged 242% from Rs 164 on July 4, 2023, to Rs 562 on July 3, 2024, reaching a record high of Rs 607 on June 3, 2024. However, it couldn't sustain the momentum and consolidated around Rs 500 for three weeks before finally breaking ou...

Wipro hit an all-time high of Rs 739 on October 14, 2021, but the rally lost steam immediately after. Nearly three years later, it rallied to a 52-week high of Rs 546 on February 19, 2024. Since then, the stock has been facing a price correction. Ho...

GHCL, a small-cap chemical stock, hit a 52-week high in September 2023 but subsequently declined. After bottoming out in March 2024, the stock regained momentum but failed to sustain it. It witnessed resistance above 500 levels but found support abo...

“We are seeing a gradual recovery in the IT pack and TCS is trading in sync with the move. Traders can buy for a target of Rs 4140 in the next 2-4 months,” says Ajit Mishra – SVP, Research, Religare Broking Ltd.Stock Radar | TCS could likely to recl...