Indian benchmark indices settled sharply decrease on Tuesday led by weak point within the IT counters amid the renewed fears of AI-disruptions. Global commerce tariff threats additionally endured, including to the stress. The BSE Sensex tanked 1,068.74 factors, or 1.28 per cent, to shut at 82,225.92, whereas NSE’s Nifty50 plunged 288.35 factors, or 1.12 per cent, to finish at 25,424.65.
Select buzzing stocks Bandhan Bank, Torrent Pharmaceuticals Ltd and Mangalore Refinery and Petrochemicals Ltd (MRPL) are more likely to stay underneath the highlight of merchants for the session at present. Here is what Rajesh Palviya, Head of Research at Axis Securities has to say on them forward of Wednesday’s buying and selling session:
Mangalore Refinery and Petrochemicals | Buy | Target Price: Rs 203-210 | Stop Loss: Rs 188
MRPL stays in a robust uptrend throughout all time frames, constantly forming greater highs and better lows. With the newest shut, it has decisively damaged above the short-term consolidation zone of 196–182 on a closing foundation, supported by a notable surge in volumes, reinforcing bullish sentiment. The inventory is comfortably positioned above its short- and long-term transferring averages, that are trending greater in alignment with value motion—confirming a sustained upward trajectory. Additionally, the every day RSI stays in constructive territory, indicating strengthening momentum and supporting the bullish outlook. Investors ought to take into account shopping for, holding, and accumulating this inventory. Its anticipated upside is Rs 203-210, and its draw back assist zone is the Rs 190-186 ranges.
Bandhan Bank | Buy | Target Price: Rs 186-192 | Stop Loss: Rs 175
Bandhan Bank Ltd has confirmed a decisive breakout above the a number of resistance zone round Rs 176 on a closing foundation, signalling a continuation of the prevailing uptrend. It stays firmly positioned above its 20, 50, 100, and 200-day SMAs, with all key averages trending greater alongside value motion, reaffirming a robust bullish construction. Momentum indicators additional strengthen the outlook, with the every day, weekly, and month-to-month RSI sustaining above 70, reflecting sturdy energy throughout time frames. Additionally, purchase alerts on the every day and weekly Bollinger Bands underscore accelerating momentum and continued upside potential. Investors ought to take into account shopping for, holding, and accumulating this inventory. Its anticipated upside is Rs 186-192, and its draw back assist zone is the Rs 177-172 ranges.
Torrent Pharmaceuticals | Buy | Target Price: Rs 4,550-4,700 | Stop Loss: Rs 4,275
Torrent Pharma stays in a robust uptrend throughout all time frames, forming a sequence of upper highs and better lows inside a well-defined rising channel. It just lately rebounded from the decrease band assist and is now advancing towards the higher band, reflecting sustained shopping for curiosity. With the newest shut, the inventory has decisively damaged above the ‘Rounded Bottom’ sample at Rs 4,332 on a closing foundation, backed by rising volumes, reinforcing bullish sentiment. The every day and weekly RSI stay in constructive territory and above their reference strains, signalling strengthening momentum and a continuation of the upward bias. Investors ought to take into account shopping for, holding, and accumulating this inventory. Its anticipated upside is Rs 4,550-4,700, and its draw back assist zone is the Rs 4,300–4,250 ranges.
Disclaimer: Business Today offers inventory market information for informational functions solely and shouldn’t be construed as funding recommendation. Readers are inspired to seek the advice of with a professional monetary advisor earlier than making any funding choices.
