The stocks that were focused include names such as Axis Bank, which declined 0.89% and Hindustan Unilever, which increased by 1% and limindtree, whose stocks rally on Wednesday.
What has Ryank Arora, a technical analyst of Mehta Equity, recommends here that when the market resumes trade today, investors should do these stocks.
Axis bank
Axis Bank is doing well and showing power in the chart. It makes Higher Square and Higher Low, which is a good sign of uptrend. If the stock is worth Rs. If it manages to pass over 1220, it will cost Rs. 1250 and 1275 can proceed.
Technical indicators like RSI also support the boom speed. The stock is placed comfortably above its key moving average, which increases its positive setup. However, for any short -term weakness, Rs. 1175 is an important support level. As long as it holds it, the trend remains strong.
Hindustan Unilever
HUL is currently moving side by side, trading in a narrow series. He is facing resistance near Rs 2450-2470. If the stock breaks with the interest of buying above this zone, it can move up to Rs 2520 and then Rs 2550. On loss, 2380 rupees is a major support level and should be seen closely.
Right now, the stock is not giving clear signs of a strong move, so it would be better to wait for a breakout before entering. Overall, the trend is neutral to a little positive, and the breakout will determine the front move.
Covering
Limindtree has recently been under some pressure and has seen short -term reforms. However, it is now close to a strong support zone around Rs 4480-4500. If the stock is above this level, it may return to Rs 4700-4800 in the coming days. The RSI indicator is close to the oversold level, which means that if buyers take steps, the stock can be ready for recovery.
But if it is Rs. If it comes below 4480, more weakness can follow. This stock is suitable for traders who want to buy close to support with tight stop-loss for fast sidewalks.
(Connection: The recommendations, suggestions, opinions and opinions provided by experts have their own. This does not represent opinions of economic time)
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