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Mint
4 days ago
- Business
- Mint
Shares to buy for short term: From ICICI Bank, Muthoot Finance to UPL— experts suggest 6 stocks to buy
Shares to buy for the short term: The Indian stock market has been trading in a range almost since June, primarily due to persisting uncertainty surrounding a potential India-US trade deal, the unimpressive start of Q1 earnings, and the stretched valuation of the domestic market. The Nifty 50, on Tuesday, July 22, traded with nominal gains amid mixed global cues. While the index traded above 25,100 in the morning session, experts say a close above 25,150 may offer short-term relief. However, even in the current rangebound market, experts see stock-specific opportunities across segments. Vishnu Kant Upadhyay of Master Capital Services and Hardik Matalia of Choice Broking suggested six stocks to buy for the next two to three weeks. Do you own any? ICICI Bank has registered a decisive breakout from a prolonged consolidation range, supported by a wide-range bullish candle and consistent above-average volumes, signalling strong accumulation. The stock remains firmly positioned above its short and long-term moving averages, reflecting bullish alignment. The structure highlights higher lows, and the breakout confirms trend continuation. RSI is sustaining above 60, indicating underlying strength without entering overbought territory. "The technical setup favours a continued positional up-move, backed by strong price action and momentum confirmation," said Upadhyay. Muthoot Finance has registered a breakout above a multi-week consolidation range, marked by a strong bullish Marubozu candle on elevated volumes, signalling aggressive demand absorption. Muthoot Finance's price structure reflects a well-defined sequence of higher highs and lower lows, supported by a bullish alignment of key moving averages (20, 50, 100-DMA). "Sustained positioning above the breakout zone reinforces trend continuation. RSI hovering near 65 indicates sustained momentum, while ADX confirms underlying trend strength," Upadhyay said. Triveni Turbine has exhibited a structurally bullish setup, marked by a breakout from a multi-month consolidation zone on strong volumes. A recent golden crossover, where the 50 EMA has crossed above the 200 EMA, reinforces medium- to long-term bullish momentum. Triveni Turbine's price action remains firm, supported by bullish candlestick formations and sustained trading above all major EMAs. RSI is trending near 70, indicating strength, while MACD is in a positive crossover. "The overall chart structure signals trend reversal and scope for continued upside," said Upadhyay. After witnessing a bounce from lower levels, National Aluminium has entered a consolidation phase within a defined range. It is now on the verge of breaking out of this range, indicating a potential shift toward renewed upward momentum. The RSI stands at 61.03 and is trending upwards after a positive crossover, reflecting growing bullish strength. Matalia pointed out that the stock is hovering near but comfortably above all its key moving averages, which provides technical support and adds credibility to the ongoing trend. "A sustained move above the ₹ 197 mark would confirm the breakout and could open the door for a fresh upward leg. Traders can consider initiating long positions at the current market price of ₹ 194.99, with a stop-loss placed at ₹ 185 to maintain a favourable risk-reward profile. On the upside, the stock has the potential to move toward the ₹ 215– ₹ 218 target range in the near term," said Matalia. UPL remains in a strong overall uptrend, consistently forming higher highs and higher lows on the daily timeframe. After undergoing a phase of wide-range consolidation, the stock has now given a decisive breakout above the consolidation zone, signalling a potential continuation of its bullish trajectory. The RSI stands at 70.23 and is strongly trending upwards, indicating robust buying momentum and increased strength in the current move. UPL is also trading comfortably above all its key moving averages, further validating the strength of the ongoing trend and reinforcing the bullish outlook. "With Monday's breakout, the stock has signalled the beginning of a fresh leg of rally. Traders can consider initiating fresh long positions at the current market price of ₹ 713.75, with a stop-loss set at ₹ 680 to maintain a favourable risk-reward ratio. On the upside, the stock holds potential to move towards the ₹ 785– ₹ 800 target range in the near term," said Matalia. Schaeffler India, after witnessing a strong bounce from lower levels, has entered a phase of healthy consolidation near the highs. On the daily chart, it is forming a classic Cup and Handle pattern, typically a bullish continuation setup, indicating the possibility of a breakout in the near term. The RSI is currently at 62.63 and is trending upwards, suggesting improving momentum and rising bullish sentiment. Schaeffler India is also trading above all its key moving averages, which reinforces the strength of the prevailing uptrend and provides technical support for further gains. The stock is now on the verge of breaking out of the Cup and Handle formation. A successful breakout above the pattern neckline could trigger a fresh rally in the stock. "Traders can consider initiating fresh long positions at the current market price of ₹ 4,282.20, with a stop-loss placed at ₹ 4,100 to maintain a favourable risk-reward ratio. On the upside, the stock has the potential to move towards the ₹ 4,650– ₹ 4,700 target range in the near term," Matalia said. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Mint
15-07-2025
- Business
- Mint
Shares to buy for short term: From JSW Energy to Oil India— 6 stock picks by experts for the next 2-3 weeks
Shares to buy for the short term: After four consecutive sessions of losses, the Indian stock market benchmark Nifty 50 traded with mild gains in the morning session on Tuesday (July 15). The benchmark index opened at 25,089.50 against its previous close of 25,082.30 and rose about 0.30 per cent to an intraday high of 25,155.80. Experts say while 25,000 remains the index's key support level, it may remain in a range unless it closes and sustains above 25,340. "Monday's candle held support at 25,000 and then bounced enough to generate a large-sized lower shadow -- that adds to evidence that the 25,000 area matters. That said, unless and until the index records at least one daily close above 25,340, near-term bulls need to remain cautious. This is because a drop into the 24,800 - 24,900 area still has decent chances. Asian cues from this morning are positive while US index futures are largely flat," said Akshay Chinchalkar, the head of research at Axis Securities. Market sentiment is cautious due to tariff-related uncertainties and a weak start to the Q1 results season. However, experts see plenty of stock-specific opportunities across segments. Vishnu Kant Upadhyay of Master Capital Services and Mandar Bhojane of Choice Broking suggested six stocks to buy for the next two to three weeks. Do you own any? JSW Energy is attempting to break out of a symmetrical triangle pattern, which has been forming over the past few sessions. This consolidation pattern, when coupled with rising volumes, often results in a strong directional move. What makes this setup compelling is the stock's ability to hold above crucial short-term support at ₹ 520, showing strength in a volatile market. "A close above ₹ 535 could open the gates for a sustained rally toward ₹ 580 and ₹ 590 levels. Traders can look to buy on dips with a stop-loss at ₹ 504 to protect capital," said Bhojane. Wockhardt has delivered a clean breakout from a bullish flag and pole formation on the daily chart, signalling the potential beginning of a strong upside rally. The breakout is validated by a sharp spike in volumes, suggesting participation from institutional hands. With price sustaining well above key moving averages and showing relative strength compared to the broader market, this counter appears well-placed for a short- to medium-term rally. "A close above ₹ 1,820 would reinforce the breakout. Any pullback toward ₹ 1,770 should be seen as a fresh buying opportunity. The risk-reward remains attractive with a stop-loss at ₹ 1,700," Bhojane said. Oil India is on the verge of breaking out from a descending triangle pattern on the daily chart. The stock has been consolidating in a narrow range and now shows signs of bullish intent, backed by a noticeable surge in trading volumes. "A decisive close above ₹ 448 could trigger a swift upmove toward ₹ 485 and then ₹ 500. The overall structure suggests accumulation at current levels, while ₹ 438 acts as a strong immediate support," said Bhojane. "Any intraday dip towards that zone can be used to initiate fresh longs. For risk control, a strict stop-loss should be maintained at ₹ 427," Bhojane said. V-Guard Industries has confirmed a bullish breakout from a complex inverse head and shoulders pattern on the weekly timeframe, indicating a medium-term structural reversal. On the daily chart, the price action is constructive, marked by higher highs and higher lows, with the stock consolidating near its breakout zone. It is trading above the 20, 50, 100, and 200 DEMAs, confirming bullish alignment. Volumes remain consistently above average, indicating steady accumulation. RSI is trending above 55, and MACD remains in buy mode, suggesting continued outperformance in the near term. Alivus Life Sciences has staged a bullish breakout from a well-defined consolidation base, confirmed by a wide-range bullish Marubozu candle and a notable uptick in volume, suggesting institutional participation. The price action decisively reclaimed key short- and long-term DEMAs (20, 50, 100, and 200), signalling a shift in momentum bias. RSI is inflecting higher from mid-zones, indicating strengthening momentum, while MACD is nearing a bullish crossover. "The chart structure implies a potential trend reversal, with sustained price action above ₹ 1,050 likely to extend the rally," said Upadhyay. Elgi Equipments has exhibited a decisive breakout from a multi-month inverse head and shoulders pattern on the weekly timeframe, marking a classic reversal formation. The breakout was validated by a notable expansion in volume, affirming institutional participation. A constructive pullback post-breakout, with price retesting the neckline zone, reflects bullish price action discipline. The stock maintains a positive structure of higher highs and higher lows, supported by its alignment above the 20, 50, 100, and 200-day DEMAs. RSI sustaining above 60 and a bullish MACD crossover further reinforce the underlying momentum. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Mint
08-07-2025
- Business
- Mint
Shares to buy for short term: Bajaj Finserv, Britannia, Dabur... 6 stock picks by experts for the next 2-3 weeks
Shares to buy for the short term: The Nifty 50 traded lacklustre in the morning on Tuesday, July 8, as Trump's tariff-related uncertainties continue to keep the Indian stock market rangebound. The index opened 33 points lower at 25,427.85 compared to its previous close of 25,461.30 on Tuesday and traded 25 points, or 0.10 per cent, lower at 25,436 at 11:40 AM. A favourable India-US trade deal, upbeat early trends of Q1 results and the dollar's weakness could act as fresh catalysts for the market, which can push it to levels above 26,000. Experts say 25,500 will remain a key level above which the index could move to 25,600. While the market remains lacklustre, experts suggest investors should pick quality stocks with favourable technical indicators at this juncture. Vishnu Kant Upadhyay of Master Capital Services and Mandar Bhojane of Choice Broking suggested six stocks to buy for the next two to three weeks. Do you own any? Bajaj Finserv is showing signs of a potential breakout. On the daily chart, the stock has formed a symmetrical triangle pattern, a continuation setup, and is consolidating near the breakout zone with rising volumes, indicating growing buying interest. The stock trades above all key EMAs (20, 50, 100, and 200), reflecting strength across multiple timeframes. The RSI at 49.15 is trending upward, showing building momentum while staying below overbought levels, which gives room for further upside. "A decisive close above ₹ 2,050 would confirm the breakout and could open the path toward the next targets of ₹ 2,200 and beyond. On the downside, immediate support is seen at ₹ 1,980, and traders should maintain a stop-loss at ₹ 1,930 to manage risk effectively," said Bhojane. Britannia Industries has recently broken out of its daily range and is now consolidating above the breakout level with strong volumes, indicating sustained buying interest and bullish continuation potential. "If the price manages to sustain above ₹ 5,890, the stock has the potential to rally towards ₹ 6,400 in the near term," said Bhojane. The stock is trading well above its 20, 50, 100, and 200-day EMAs, signalling strength across all major timeframes. The RSI stands at 66.9 and is trending upward, reflecting solid momentum without entering the overbought zone—an encouraging sign of healthy price action. "From a trading perspective, a buy-on-dips strategy near ₹ 5,750 could offer an attractive entry point. For risk management, a stop-loss at ₹ 5,650 is recommended (earlier typo fixed). If the stock holds above ₹ 5,890, it presents a strong risk-reward setup for positional traders aiming for ₹ 6,400 targets," said Bhojane. Cummins India has recently broken out of a rounding bottom pattern. Post breakout, the price is now forming a small cup and handle pattern on the two-hour chart and is on the verge of a breakout with rising volume, indicating growing bullish momentum and fresh buying interest. Momentum indicators further support the positive setup; RSI is at 66.45 and trending upward, highlighting sustained buying activity. "On the downside, ₹ 3,400 acts as immediate support and may serve as a buy-on-dips zone. For effective risk management, a stop-loss at ₹ 3,300 is advised," said Bhojane. 'If the bullish momentum continues and the handle breakout is confirmed, the stock has the potential to rally toward ₹ 3,700, making it attractive for both swing and positional traders," Bhojane said. Dabur India has given a strong breakout above the falling trendline resistance with a surge in volume, signalling a potential trend reversal. The stock has reclaimed its 200-day EMA for the first time in months, indicating strengthening bullish sentiment. Momentum indicators support the move — MACD has generated a fresh bullish crossover above the zero line, and RSI has entered the overbought zone, reflecting strong buying pressure. "Prices are now looking to pave the way for ₹ 556 and then ₹ 580 with the validation of ₹ 478 on the downside," said Upadhyay. Fortis Healthcare is exhibiting a strong bullish structure as the stock continues to form higher highs and higher lows on the daily chart. Prices are comfortably trading above key exponential moving averages, reinforcing bullish momentum. The MACD remains in the positive territory with a potential crossover setup, suggesting strength in trend continuation. RSI is hovering near 67, indicating strong momentum but still below overbought territory. "Overall, the technical setup indicates a healthy uptrend, and any minor dips toward the short-term EMA may offer potential buying opportunities," said Upadhyay. Federal Bank has witnessed a breakout from an ascending triangle pattern and is currently trading above the breakout zone, supported by strong bullish momentum. The stock is sustaining above its key exponential moving averages (34-EMA and 200-EMA), reflecting a robust trend structure. MACD is in the positive zone, indicating continued buying interest, while RSI at 61 suggests strength without being overbought. The recent price action and volume behaviour validate the breakout. "As long as the price holds above the ₹ 202 support zone, the short-term trend remains bullish with potential for upside towards ₹ 235. Dips may offer attractive buying opportunities," said Upadhyay. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Mint
01-07-2025
- Business
- Mint
Stocks to buy for the short term: LIC, BoB, Ambuja Cements among six stocks experts suggest buying now; do you own any?
Stocks to buy for the short term: The Indian stock market benchmark Nifty 50 is inching closer to the 26,000 mark, supported by domestic investors, even as foreign institutional investors intermittently book profits. At the current juncture, the market awaits clarity on the India-US trade deal. Moreover, the upcoming Q1FY26 results will hold the key to Nifty 50 hitting fresh highs in the coming weeks. Technically, in the previous session, the Nifty made a bearish candle on the daily chart, indicating temporary weakness. Shrikant Chouhan, the head of equity research at Kotak Securities, believes 25,450 would be a crucial level, below which there could be a further correction towards 25,375-25,300. On the other hand, a sustained move above 25,450 may take the index to 25,600. The uptrend may continue further, potentially taking the market towards 25,670, said Chouhan. Experts suggest investors should focus on stocks with strong fundamentals and favourable technical indicators at this juncture. Vishnu Kant Upadhyay of Master Capital Services and Hardik Matalia of Choice Broking suggested six stocks to buy for the next two to three weeks. Do you own any? Expert: Vishnu Kant Upadhyay, AVP - Research & Advisory, Master Capital Services LIC has registered a decisive breakout from an inverse head and shoulders pattern, signalling a strong bullish reversal. The breakout is validated by a significant spike in volume, indicating fresh accumulation by market participants. The stock continues to form higher highs and higher lows, reinforcing the prevailing uptrend. It is trading well above its 21- and 55-day exponential moving averages, underscoring strong momentum. An RSI reading of 69 coupled with a bullish MACD setup highlights sustained strength without overbought conditions, suggesting continued outperformance in the near term. BoB has reversed smartly after taking support from the ascending trendline, indicating sustained bullish momentum. The stock continues to trade above its 21-day and 55-day EMAs, reflecting strong short-to-medium-term trend strength. A recent positive MACD crossover supports the bullish bias, signalling a potential upward continuation. Additionally, the RSI is holding in a strong zone, suggesting healthy momentum without overbought conditions. These technical parameters collectively indicate a favourable setup for further upside, supporting a buy-on-dips strategy from a technical analyst's perspective. ICICI Lombard General Insurance (ICICIGI) has registered a decisive breakout from an inverse head and shoulders pattern, indicating a robust bullish reversal. The breakout is validated by a surge in trading volumes, signalling fresh accumulation. The stock is comfortably positioned above all key short- and long-term exponential moving averages, reinforcing strong upward momentum. An RSI reading of 68 reflects bullish strength without entering overbought territory. The consistent formation of higher highs and higher lows further confirms a well-established uptrend, suggesting the potential for continued outperformance in the near term. Laurus Labs continues to follow a strong uptrend, consistently forming higher highs and higher lows. The stock had been trading within a well-defined upward channel and has recently given a strong breakout above this structure, signalling a potential acceleration in bullish momentum. The RSI is currently at 75.66 and trending sharply upwards, reflecting strong momentum. However, traders should also stay mindful of slightly overbought conditions. Technically, the stock is trading comfortably above all its key moving averages, which supports the continuation of the bullish trend. 'If it manages to sustain above the ₹ 730 level, it could confirm the breakout and pave the way for a further upward move,' said Matalia. "Traders can consider initiating fresh long positions at the current price of ₹ 724.85, with a stop-loss placed at ₹ 685. On the upside, the stock has the potential to move toward the target range of ₹ 805– ₹ 820 in the near term, offering a favourable risk-reward opportunity," said Matalia. After witnessing a sharp decline, Ambuja Cements has entered a phase of consolidation, signalling stability and potential accumulation at lower levels. During this phase, the stock has been forming an Ascending Triangle pattern, which is typically a bullish continuation setup. "It is now on the verge of a breakout, and a sustainable move above the ₹ 580 level would confirm this formation and could trigger a fresh upward rally," said Matalia. The RSI stands at 65.49 and is trending upwards, reflecting strengthening momentum and increasing buying interest. Technically, the stock is trading comfortably above all its key moving averages, further reinforcing the underlying bullish sentiment. "Traders can consider initiating long positions at the current market price of ₹ 577.45, with a stop-loss placed at ₹ 550 to manage risk effectively. On the upside, a breakout could lead the stock toward the ₹ 635– ₹ 650 range in the near term, offering a favourable risk-reward setup," said Matalia JSL has recently broken out of a falling trend line, signalling a shift in momentum from corrective to bullish. Post breakout, the stock successfully retested the breakout levels and has now shown a strong reversal, confirming the validity of the breakout zone as a new support base. This price action reflects renewed buying interest and strength at lower levels. The RSI is currently at 59.53 and has given a positive crossover, indicating rising momentum and further upside potential. Technically, JSL is trading comfortably above all its key moving averages, reinforcing the strength of the ongoing trend and supporting a bullish outlook. "If the stock manages to sustain above the ₹ 730 level, it could pave the way for a fresh move toward the ₹ 780– ₹ 800 target range in the near term. Traders can consider initiating fresh long positions at current levels, with a stop-loss placed at ₹ 670 to maintain a favourable risk-reward ratio," said Matalia. Read all market-related news here Read more stories by Nishant Kumar 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, as market conditions can change rapidly, and circumstances may vary.
Mint
30-06-2025
- Business
- Mint
Stocks to buy: Adani Enterprises, Jio Financial to DLF — 10 stocks that can offer solid returns in second half of 2025
Stocks to buy: The Indian stock market has defied multiple hurdles to stage a sharp comeback in the first half of the calendar year 2025 after a tumultuous end to the last one. Trade war, India-Pakistan conflict, Iran-Israel war and earnings slowdown emerged as several headwinds which Nifty 50 overcame to record a nearly 8% jump in the first half of 2025 (H1 CY25). Going ahead, analysts remain hopeful about the Nifty 50's outlook and expect the index to hit new highs in H2 CY25. "On the fundamental front, the market is buoyed by expectations of strong Q1 FY26 earnings, continued policy support from the RBI, and pro-growth initiatives by the government. Positive developments on the international front, a normal monsoon forecast, easing geopolitical tensions, stable crude oil prices, and resilient domestic macroeconomic indicators, are likely to further bolster investor sentiment," said Vishnu Kant Upadhyay, AVP - Research & Advisory, Master Capital Services. Commenting on the technical outlook, Harshal Dasani, Research Analyst, INVasset PMS, said the second half of 2025 appears to be on firmer ground, with key global macro indicators slowly falling into place. "If current macro tailwinds hold steady, Nifty could comfortably scale 27,500 by the end of the year—even on a conservative basis. Unlike previous cycles, this rally is being built on improving internals, not just hope," Dasani said. Against this backdrop, analysts have shared several fundamental and technical stocks to buy for solid returns in H2 CY25. Here's a look: Adani Enterprises has broken out of an ascending triangle pattern with strong volume, trading above all key EMAs, indicating bullish momentum. RSI and MACD support further upside, with potential targets of 3080-3150. Analyst: Vishnu Kant Upadhyay, AVP - Research & Advisory, Master Capital Services Mahanagar Gas has given a breakout above trendline resistance with strong volume and a bullish EMA crossover. RSI near 68 and a rising MACD signal further upside potential towards 1670-1700. Analyst: Vishnu Kant Upadhyay, AVP - Research & Advisory, Master Capital Services Bandhan Bank has broken out of a multi-year falling channel on the weekly chart, signalling a trend reversal. RSI at 62 and a bullish MACD crossover support further upside towards 215. Analyst: Vishnu Kant Upadhyay, AVP - Research & Advisory, Master Capital Services Jio Financial has given a trendline breakout and is trading above key EMAs, indicating strong bullish momentum. RSI above 75 and bullish MACD crossover suggest further upside potential towards 370. Analyst: Vishnu Kant Upadhyay, AVP - Research & Advisory, Master Capital Services According to KOEL, the demand for high and mid-horsepower diesel gensets would be driven by the power generating segment as well as the expansion of the roadways and real estate sectors. Furthermore, it is anticipated that demand for electric pumps would increase as electricity becomes available in rural regions are well-positioned to take advantage of on-demand pickup. Additionally, the demand from roads, metro projects, railroads, etc., will propel sales in the industrial area. The distribution sector will also benefit from improvements in core operations and a rise in client outsourcing of maintenance services. Analyst: Anubhav Sangal, Senior Research Analyst at Bonanza With an order inflow of ₹ 4,700 crore in FY25, the company's order book was valued at ₹ 22,238 crore as of March 31, 25. With projects totalling ₹ 4,250 crore, the firm is L1. Revenue visibility is provided by a strong and healthy order book for the upcoming three to four years. Over FY25–FY27E, we anticipate that the company will report a revenue CAGR of 19%. Analyst: Anubhav Sangal, Senior Research Analyst at Bonanza DLF's record FY25 performance, with ₹ 21,000+ crore pre-sales, ₹ 11,750 crore collections, and ₹ 4,350 crore PAT, underscores its robust growth trajectory. A zero-leverage development business, double-digit ROE (10.2%), and a strong land bank position, DLF for sustained expansion. The FY26 pipeline, targeting ₹ 20,000–22,000 crore pre-sales and ₹ 5,000 crore annual RentCo capex, reflects confidence in NCR dominance and strategic expansions into Mumbai and Goa. With high demand for branded residential and premium commercial assets, DLF's dual-engine model, focusing on margins and cash flow, ensures resilience and long-term value creation. Analyst: Anubhav Sangal, Senior Research Analyst at Bonanza Hindustan Unilever has established a strong base around the ₹ 2300 level, which coincides with the S1 floor pivot and the previous breakout zone—both key technical supports. On the daily RSI chart, a complex W-shaped structure has emerged near the 40 mark, often indicative of a potential trend reversal and strengthening momentum. We recommend going long in the ₹ 2310– ₹ 2290 range. The upside target is placed at ₹ 2600, while a stop-loss should be maintained below ₹ 2150 on a daily closing basis. Analyst: Jigar S. Patel, Senior Manager of Equity Research, Anand Rathi VBL has recently formed a tweezer bottom near the ₹ 446– ₹ 447 zone, which aligns with the S1 monthly floor pivot—indicating strong support at lower levels. Additionally, the RSI on the daily chart is showing an impulsive V-shaped recovery from the oversold region near the 30 mark, suggesting a potential shift in momentum. We recommend initiating long positions in the ₹ 462– ₹ 460 range, with an upside target of ₹ 510. A stop-loss should be placed below ₹ 435 on a daily closing basis to manage risk effectively. Analyst: Jigar S. Patel, Senior Manager of Equity Research, Anand Rathi Voltas has recently broken out of a month-long consolidation phase, supported by a noticeable increase in volume—indicating strong accumulation interest. What makes this development technically significant is the Inside Value relationship formed during the consolidation, as the price action remained confined within the R3–S3 zone of the monthly Camarilla pivots. This structure, where the current month's pivots lie within the previous month's range, often precedes a powerful directional breakout. Strengthening the bullish outlook, the daily RSI has consistently remained above the 50 level and is currently positioned at 56, reflecting a build-up in momentum. Entry Zone: ₹ 1315– ₹ 1280 1315– 1280 Target: ₹ 1540 1540 Stop-loss: ₹ 1175 (on a daily closing basis) Disclaimer: This story is for educational purposes only. 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.
