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Trade Spotlight: How should you trade HDFC AMC, Raymond, Exide, Bajel Projects, and others on Wednesday?

Money Control · 3m

These are some stock ideas for short-term trading: 1. Can Fin Homes: After forming a soccer pattern on the daily chart, Can Fin Homes had a pullback and revisited its prior support level. With significant volume increase and upward price movement, a long position can be initiated. 2. HDFC Asset Management Company: HDFC AMC has been consolidating within a broad range, but there has been a recent rise in price with strong volumes. Trading above its 20-day moving average and critical resistance zone, it indicates potential for further upward movement. 3. Lemon Tree Hotels: Lemon Tree Hotels is forming higher highs and higher lows, indicating a sustained uptrend. With a comfortable RSI and noticeable volume increase accompanying the price rise, a long position can be initiated. 4. Exide Industries: Exide Industries made a fresh record high and closed with a gain. The stock is showing strength in the ongoing trend, with the KST indicator also suggesting good momentum. Dips can be seen as buying opportunities. 5. Raymond: Raymond formed a large bullish candle with huge volumes and closed with a significant gain. The stock is on a positive trend as long as it doesn't close below the previous day's low. Buying on dips is considered a prudent strategy. 6. Craftsman Automation: Craftsman Automation is in a strong uptrend, and a breakout of the rounding bottom pattern is expected. The ADX indicator supports the trend, and buying on dips can be a strategy. 7. Apollo Tyres: Apollo Tyres has given a strong breakout above its trendline resistance. With strong momentum indicated by the RSI crossing above 65 and high volumes, a potential target can be set. 8. Granules India: Granules has re-tested its breakout mark and is holding well above it. Strong momentum is indicated by the RSI near 65, and volumes are equivalent to its 30-day average traded volume. An upside target can be set. 9. Bajel Projects: Bajel Projects has re-tested its breakout mark and is holding well above it. Strong momentum indicated by the RSI and equivalent volumes to its 30-day average trading volume. A strict stop-loss and potential upside target can be set. Note: These stock ideas are provided by different experts and it is advised to check with certified experts before making any investment decisions.