Indian equity markets fell about 0.33% on Jan 14, extending a two‑day slide. With more stocks losing than gaining, the market may trade sideways until it breaks the current week’s range.
Hindustan Zinc – Buy
Hindustan Zinc is in a steady uptrend, making higher highs and higher lows. It’s well above its short‑ and long‑term moving averages and recently broke out on strong volume.
- Target price: ₹700
- Stop‑loss: ₹621
Punjab National Bank – Buy
PNB broke out of an ascending triangle and topped its 52‑week high on high volume. Momentum indicators are also positive.
- Target price: ₹140
- Stop‑loss: ₹123
Polycab India – Sell
Polycab formed a double‑top and is now making lower highs, falling below key moving averages. A break below ₹7,250 could push it toward ₹6,800.
- Target price: ₹6,800
- Stop‑loss: ₹7,560
Tata Steel – Buy
Tata Steel showed a “cup‑and‑handle” breakout at an all‑time high, backed by solid volume. All major moving averages are positive and momentum is strong.
- Target price: ₹205
- Stop‑loss: ₹182
Bank of India – Buy
Bank of India found support around ₹142–₹143 and has since surged above all key averages with bullish RSI.
- Target price: ₹163
- Stop‑loss: ₹147
MCX (Multi Commodity Exchange) – Buy
MCX continues a clear uptrend with higher highs and higher lows. Trend strength indicators are well above the bullish threshold.
- Target price: ₹2,590
- Stop‑loss: ₹2,330
Laurus Labs – Buy
Laurus Labs reversed lower lows with a tweezers bottom pattern and is now rising. RSI is in a bullish crossover.
- Target price: ₹1,160
- Stop‑loss: ₹1,060
KEI Industries – Buy
KEI Industries formed a bullish engulfing candle after a pullback and is trading above the 20‑day EMA.
- Target price: ₹4,700
- Stop‑loss: ₹4,270
Remember, this is just my view, not a prediction. Do your own research and consider your risk tolerance before acting.