Latest news with #AxisSecurities
Mint
a day ago
- Business
- Mint
Stocks to buy for short term: Axis Securities recommends Titan, Grasim shares for up to 15% upside
The Indian stock market rallied on Friday, with the benchmark indices, Sensex and Nifty 50, trading half a percent higher each, amid positive global market cues on easing geopolitical tensions in the Middle-East after the Israel-Iran ceasefire. The Nifty 50 index has surpassed the 25,600 level, and analysts expect a further rally up to 25,656 - 25,763 - 25,962 levels. However, if Nifty 50 trades below 25,458 levels, it may witness profit booking, and the index may correct up to 25,351 - 25,153 - 25,045 levels. Axis Securities has recommended two stocks to buy for short term as they expect an upside potential of up to 15% in these stocks based on technical analysis. The technical stock picks for short-term are Titan Company and Grasim Industries. Titan share price has staged a decisive breakout on the weekly chart above the falling channel pattern that had persisted since late September 2024, closing at ₹ 3,622 with a strong bullish candle. The breakout is accompanied by a notable surge in volume, indicating robust market participation and enhancing the credibility of the move, Axis Securities said. On the daily chart, Titan share price is also nearing a breakout above a cup and handle pattern, with resistance placed at ₹ 3,670. A sustained close above this level would further strengthen the bullish bias and signal the potential for continued upside. Moreover, the Relative Strength Index (RSI) has crossed above its signal line and is holding above the 50 mark, highlighting strengthening momentum, the brokerage firm added. Axis Securities recommends buying Titan shares in the range of ₹ 3,640 - ₹ 3,568, for a target price of ₹ 3,885 - ₹ 4,000. The timeframe for the trade is 3-4 weeks. Grasim share price has delivered a decisive breakout on the weekly chart, surpassing multiple resistance zones around ₹ 2,865 with a strong bullish candle. The stock is trading firmly above its key moving averages (20, 50, 100, and 200-day SMAs), reinforcing a positive bias across timeframes, according to Axis Securities. It recommends buying Grasim Industries shares in the range of ₹ 2,860 - ₹ 2,804 level. It has Grasim share price target range of ₹ 3,138 and ₹ 3,256 in the near term. The timeframe for the trade is 3-4 weeks. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
2 days ago
- Business
- Mint
Stocks to buy: Rajesh Palviya of Axis Sec suggests Titan, Hindalco, Dalmia Bharat shares today
Stock market today: Domestic stock indices began the day with gains for the fourth consecutive session on Friday, buoyed by positive international signals, such as indications of a possible extension to the July 9 tariff deadline. The White House suggested that the tariff deadline might be delayed, and President Donald Trump mentioned that a "great deal" with India is on the horizon, which improved investor confidence. The Nifty 50 index commenced at 25,576.65, rising by 27.65 points or 0.11%. Similarly, the BSE Sensex also started higher at 83,774.45, increasing by 18.58 points or 0.02%. Rajesh Palviya of Axis Securities, highlighted Nifty 50's crucial support zone is located around the 25,200-25,000 levels; any minor correction around this remains a buying opportunity for traders. Palviya has recommended three stocks to to buy, hold, and accumulate. Here's what he says about the overall market. With the current close, the benchmark index has decisively surpassed the past 8-9 months' multiple resistance zone of 25,200 levels on a closing basis, indicating strong bullish sentiments. The index is firmly placed above its 20, 50, 100, and 200-day SMA, which reconfirms a bullish trend on a higher time frame. On the upside, the index is likely to extend momentum towards 25,800-26,000 levels. The crucial support zone is located around the 25,200-25,000 levels; hence, any minor correction around this remains a buying opportunity for traders. The daily strength indicator RSI has turned bearish, indicating a loss of strength. On the daily chart, the stock has confirmed a "Cup & Handle" formation at 3,660 levels on a closing basis. This breakout is accompanied by huge volumes, which signifies increased participation. The stock is sustaining above its 20, 50, 100 and 200-day Simple Moving Averages (SMA), reconfirming the bullish trend. The daily "band Bollinger" buy signal suggests increased momentum. The daily and weekly strength indicator, Relative Strength Index (RSI), is in favourable territory, indicating rising strength across all time frames. Investors should consider buying, holding, and accumulating this stock. Its expected upside is ₹ 3,850-4,000, and its downside support zone is the ₹ 3,640-3,600 levels. On the daily chart, the stock has experienced a trend reversal at the trendline breakout of 685 levels on a closing basis. The stock is sustaining above its 20, 50, 100, and 200-day Simple Moving Averages (SMA), reconfirming the bullish trend. This breakout is accompanied by huge volumes, which signifies increased participation. The daily "band Bollinger" buy signal suggests increased momentum. The daily and weekly strength indicator, Relative Strength Index (RSI), is in favourable territory, indicating rising strength across all time frames. Investors should consider buying, holding, and accumulating this stock. Its expected upside is ₹ 713-740, and its downside support zone is the ₹ 670-660 levels. On the daily and weekly charts, the stock is trending higher, forming a series of higher tops and bottoms, indicating positive bias. Recently, the stock has corrected and rebounded very sharply from the 50-day SMA (2019), which remains a crucial support zone. The stock is sustaining above its 20, 50,100, and 200-day Simple Moving Averages (SMA), reconfirming the bullish trend. Investors should consider buying, holding, and accumulating this stock. Its expected upside is ₹ 2,350-2,430, and its downside support zone is the ₹ 2,100-2,050 levels. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
2 days ago
- Business
- Time of India
Titan shares up 25% from 52-week low, 9% upside still in sight
The shares of Titan Company are now trading higher by 25% from their 52-week low of Rs 2,947.55 on the BSE and have broken out of their resistance , which means that the stock may be ready for further upside. Domestic brokerage firm Axis Securities , in a report, stated that after this breakout , Titan shares appear well-positioned to extend their rally towards the Rs 3,885 and Rs 4,000 levels in the near term. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dukung Orang Terkasih Menghadapi Limfoma: Mulai Di Sini Limfoma Baca Undo Titan shares have staged a significant technical breakout, closing at Rs 3,622 with a strong bullish candle on the weekly chart. The move marks a decisive break above the falling channel pattern that had held the stock in a downtrend since late September 2024. The breakout is accompanied by a notable rise in trading volumes, suggesting strong market participation and reinforcing the validity of the move. Live Events (Source: Axis Securities) The report by Axis Securities highlights, 'On the daily chart, Titan is also approaching a key technical level as it nears a breakout from a cup and handle pattern, with resistance placed at Rs 3,670.' Also read: Nestle India Bonus Issue: Board approves first-ever 1:1 bonus; shares up 1% The analysts at the brokerage firm said that a sustained close above this level could further bolster bullish sentiment and pave the way for continued upward momentum. Adding to the positive outlook, the Relative Strength Index ( RSI ) has moved above its signal line and is now holding firmly above the 50 mark, a sign of strengthening momentum. Titan share price history Over the past one year, the shares of Titan have gained 8.52%. Year-to-date (YTD), it is up 12.47%, while the six-month return stands at 10.21%. In the last three months, the stock has delivered a strong return of 19.72%, and over the past one month, it has risen 1.38%. Around 1 pm today, the shares of Titan were trading flat at Rs 3,659.95 on the BSE.
Economic Times
2 days ago
- Business
- Economic Times
Titan shares up 25% from 52-week low, 9% upside still in sight
The shares of Titan Company are now trading higher by 25% from their 52-week low of Rs 2,947.55 on the BSE and have broken out of their resistance, which means that the stock may be ready for further upside. ADVERTISEMENT Domestic brokerage firm Axis Securities, in a report, stated that after this breakout, Titan shares appear well-positioned to extend their rally towards the Rs 3,885 and Rs 4,000 levels in the near term. Titan shares have staged a significant technical breakout, closing at Rs 3,622 with a strong bullish candle on the weekly chart. The move marks a decisive break above the falling channel pattern that had held the stock in a downtrend since late September 2024. The breakout is accompanied by a notable rise in trading volumes, suggesting strong market participation and reinforcing the validity of the move.(Source: Axis Securities) ADVERTISEMENT The report by Axis Securities highlights, 'On the daily chart, Titan is also approaching a key technical level as it nears a breakout from a cup and handle pattern, with resistance placed at Rs 3,670.'Also read: Nestle India Bonus Issue: Board approves first-ever 1:1 bonus; shares up 1% ADVERTISEMENT The analysts at the brokerage firm said that a sustained close above this level could further bolster bullish sentiment and pave the way for continued upward momentum. Adding to the positive outlook, the Relative Strength Index (RSI) has moved above its signal line and is now holding firmly above the 50 mark, a sign of strengthening momentum. Over the past one year, the shares of Titan have gained 8.52%. Year-to-date (YTD), it is up 12.47%, while the six-month return stands at 10.21%. In the last three months, the stock has delivered a strong return of 19.72%, and over the past one month, it has risen 1.38%. ADVERTISEMENT Around 1 pm today, the shares of Titan were trading flat at Rs 3,659.95 on the BSE. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
3 days ago
- Business
- Mint
Indian stock market: Nifty 50 above 25K; Can it climb to 26K peak in short-term?
Indian stock market: Indian benchmark indices, Sensex and Nifty 50, began Thursday's trading session on a positive note for the third straight day, supported by gains in Asian markets and continued optimism surrounding a possible ceasefire between Israel and Iran. After the initial uptick, the Nifty entered the monthly expiry session and climbed beyond the 25,318 level, reaching an eight-month high. Similarly, the Sensex jumped by more than 350 points. On the other hand, the Nifty Bank index saw modest gains, rising by 0.21 per cent. Market analysts noted that as geopolitical tensions have eased, investors are now turning their attention back to the US Federal Reserve and the approaching US trade tariff deadline on July 9. 'The nifty continued it's near-term rally yesterday, rising 200 points. Technically speaking, the price action also traced an inside day, which means that the possibility of a large, single-day, trending move is rising. Immediate resistance sits inside the 25310 - 25360 zone and higher at 25500, while immediate support rests between 24960 and 25010. Below this, 24800 is the level bulls must defend if a visit into the 25500 - 25800 area is coming. Global cues were neutral this morning," said Akshay Chinchalkar, Head of Research, Axis Securities. According to Bajaj Broking Market, Nifty 50 on expected lines maintained positive bias and is currently testing the upper band of the last six weeks range 25,250-24,500. The brokerage firm said, 'Going ahead index closing above the upper band of the range will signal extension of the rally and will pave the way for a further leg higher towards the 25,500 in the near term.' Meanwhile, brokerage firm by Jamnadas Virji believes that Nifty is crossing ₹ 25,140 level on daily time frame and also breaking the inverse H&S pattern on weekly time frame. ' Enter at the current price of ₹ 25,196 with resistance 1 of ₹ 26,216. A breakout above ₹ 26,216 on a closing basis could lead to a target 1 of ₹ 28,170 & target 2 of ₹ 30,350. On the downside, ₹ 24,500, ₹ 24,000 & ₹ 23,740 are key support levels,' it said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
