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Trade Spotlight: How should you trade SBI Life, Max Financial Services, BEML, Asahi India Glass, City Union Bank, and others on Muhurat trading day?

Money Control · 10d

Here are some top buy ideas for Muhurat Trading Day: 1. Asahi India Glass: Recently broke out of a descending parallel channel with strong volume, indicating a continuation of its bullish trend. Target: Rs 825. Stop-Loss: Rs 715. 2. Vedant Fashions: Currently in a long-term uptrend after breaking out of a consolidation range. Target: Rs 1,540. Stop-Loss: Rs 1,335. 3. BEML: Consolidating within a wide range, showing potential for a breakout. Target: Rs 4,490. Stop-Loss: Rs 3,880. 4. City Union Bank: Retesting its breakout with high buying volumes, confirming a potential upward move. Target: Rs 187. Stop-Loss: Rs 170. 5. Laurus Labs: Broke out of a double bottom pattern with significant buying. Target: Rs 518. Stop-Loss: Rs 478. 6. Max Financial Services: In a strong uptrend, respecting its 50-day EMA. MACD indicator suggests further bullish movement. Target: Rs 1,350. Stop-Loss: Rs 1,250. 7. IRB Infrastructure Developers: Expected to break out from its rangebound formation for an upward move. Target: Rs 56. Stop-Loss: Rs 49. 8. SBI Life Insurance Company: Witnessed profit booking, but found support near important retracement zone. Revival of uptrend expected. Target: Rs 1,730. Stop-Loss: Rs 1,560. 9. Punjab National Bank: In oversold territory near its demand area, suggesting a rebound and upward move. Target: Rs 106. Stop-Loss: Rs 93. Disclaimer: These are the views of investment experts and it is recommended to consult certified experts before making any investment decisions.