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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 ControlMoney Control · 8m ago
Trade Spotlight: How should you trade SBI Life, Max Financial Services, BEML, Asahi India Glass, City Union Bank, and others on Muhurat trading day?
Medial

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.

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Trade Spotlight: How should you trade SBI Life, KPIT Tech, Petronet LNG, Colgate, Jindal Steel and others on Friday?

Money ControlMoney Control · 9m ago
Trade Spotlight: How should you trade SBI Life, KPIT Tech, Petronet LNG, Colgate, Jindal Steel and others on Friday?
Medial

- SBI Life Insurance Company: Consolidation within a rangebound structure suggests a bullish continuation chart pattern. Buy with a target of Rs 1,940 and a stop-loss of Rs 1,750. - Hindustan Zinc: Trading in a rangebound mode, likely to break out of its rectangle formation for a new upward move. Buy with a target of Rs 560 and a stop-loss of Rs 500. - KPIT Technologies: Trading near multiple support zones, rebound expected to gain further bullish momentum. Buy with a target of Rs 1,790 and a stop-loss of Rs 1,610. - Petronet LNG: Rounding bottom formation, crossed 50 DEMA, bullish Marubozu candle implies dominance by bulls. Buy with a target of Rs 390 and a stop-loss of Rs 352. - Tata Chemicals: Broke out of falling supply trendline, buying interest visible in the chemicals space. Buy with a target of Rs 1,185 and a stop-loss of Rs 1,105. - Colgate Palmolive: Strong uptrend, bullish candle formation, positive RSI indicating ongoing upward move. Buy with a target of Rs 4,000 and a stop-loss of Rs 3,750. - Infibeam Avenues: Broke out of ascending triangle with increased volume, RSI trending upward. Buy with targets of Rs 40 and Rs 45, and a stop-loss at Rs 29. - JK Paper: Taking support from the rising trendline, potential breakout with increased volume. Buy with targets of Rs 560 and Rs 600, and a stop-loss at Rs 420. - HBL Power Systems: Showing reversal signs, increased volume, potential for breakout. Buy with targets of Rs 800 and Rs 840, and a stop-loss at Rs 580. - Jindal Steel and Power: In fifth impulsive wave, price trading above moving averages, increasing volume. Buy with targets of Rs 1,100 and Rs 1,300, and a stop-loss at Rs 999. - BF Utilities: Took support at Fibonacci level, increasing volume on buying days, positive RSI. Buy with targets of Rs 1,150 and Rs 1,320, and a stop-loss at Rs 890.

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