Indian equity markets ended the day a bit lower and are likely to stay in a short consolidation phase. Several stocks, however, are showing clear technical signs of a breakout. Below are easy‑to‑follow buy ideas with price targets and stop‑loss levels.
GMDC (Gujarat Mineral Development Corp.)
- Current price: Rs 545.65
- Why it matters: The chart is forming a symmetrical triangle. A move above Rs 548 (the 50‑day average) would confirm a breakout.
- Buy strategy: Enter near the current price.
- Target: Rs 610
- Stop‑loss: Rs 511
Titagarh Rail Systems
- Current price: Rs 854.6
- Why it matters: Price has broken a falling trendline around Rs 850 on higher volume and is now above the 200‑day average.
- Buy strategy: Enter now.
- Target: Rs 950
- Stop‑loss: Rs 800
PNB Housing Finance
- Current price: Rs 966.3
- Why it matters: The stock broke its horizontal resistance with strong volume and filled an earlier gap, showing solid buying interest.
- Buy strategy: Accumulate in the Rs 970‑960 range.
- Target: Rs 1,040
- Stop‑loss: Rs 925
Indus Towers
- Current price: Rs 423.9
- Why it matters: The stock has stayed above its 20‑day EMA since early December, showing steady buying on dips.
- Buy strategy: Accumulate around Rs 424‑420.
- Target: Rs 460
- Stop‑loss: Rs 405
Vedanta
- Current price: Rs 598.15
- Why it matters: A doji reversal pattern suggests the recent pause is ending, and the price sits above the 21‑day EMA.
- Buy strategy: Enter now.
- Target: Rs 630
- Stop‑loss: Rs 584
Chambal Fertilisers & Chemicals
- Current price: Rs 473.5
- Why it matters: The stock broke out of a consolidation zone and is now above the 21‑day EMA.
- Buy strategy: Enter near current levels.
- Target: Rs 500
- Stop‑loss: Rs 458
Berger Paints India
- Current price: Rs 555.15
- Why it matters: After a period of buying near its swing low, the stock now trades above key 20‑, 50‑, and 200‑day EMAs.
- Buy strategy: Accumulate near Rs 540 support.
- Target: Rs 600
- Stop‑loss: Rs 530
City Union Bank
- Current price: Rs 296.05
- Why it matters: The stock made a fresh all‑time high and sits well above its 20‑, 50‑, 100‑ and 200‑day EMAs.
- Buy strategy: Enter near the current price.
- Target: Rs 322
- Stop‑loss: Rs 283
Jyoti CNC Automation
- Current price: Rs 990.6
- Why it matters: A double‑bottom pattern and strong bounce above key EMAs suggest a trend reversal.
- Buy strategy: Enter now.
- Target: Rs 1,073
- Stop‑loss: Rs 954
These ideas are based on technical patterns and momentum indicators. Always consider your risk tolerance and do your own research before trading.