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Trade Spotlight: How should you trade Titan, Shriram Finance, Jubilant Foodworks, NALCO and others?

Money Control · 1y ago

Medial

Here are some stock trading ideas for the near term: 1. Engineers India: The stock has broken out of a symmetrical triangle formation and is trading above its moving averages. The target is at Rs 298 with a stop-loss at Rs 237. 2. Data Patterns India: The stock has broken a trendline resistance and is trading above its moving averages. The target is at Rs 3,700 with a stop-loss at Rs 2,800. 3. Ircon International: The stock has broken out of a symmetrical triangle formation and is trading above its moving averages. The target is at Rs 300 with a stop-loss at Rs 245. 4. Cochin Shipyard: The stock has experienced a breakout from a consolidation formation and is trading above its moving averages. The target is at Rs 1,554 with a stop-loss at Rs 1,280. 5. Shriram Finance: The stock has formed a long-legged Doji candlestick pattern and a double bottom structure, indicating a potential trend reversal. The target is at Rs 2,460 with a stop-loss at Rs 2,300. 6. Jubilant Foodworks: The stock has a bullish divergence on the daily MACD indicator and has violated a bearish trendline. The target is at Rs 526 with a stop-loss at Rs 445. 7. Titan Company: The stock exhibits a bullish AB=CD pattern and a W-shaped structure on the RSI indicator. The target is at Rs 3,600 with a stop-loss at Rs 3,235. 8. National Aluminium Company: The stock has broken above its all-time high resistance level and has strong momentum. The target is at Rs 210 with a stop-loss at Rs 190. 9. IRCTC: The stock has broken above its 52-week high and has strong momentum. The target is at Rs 1,200 with a stop-loss at Rs 1,060. 10. Bharat Electronics: The stock has broken above its all-time high and has strong momentum. The target is at Rs 265 with a stop-loss at Rs 240.