Shares that have been in focus embrace names like Vodafone Concept, which fell 4% and IRCTC, which declined 3% and HAL, whose shares fell 3.6% on Tuesday.
Here is what Riyank Arora, Technical Analyst at Mehta Equities, recommends buyers ought to do with these shares when the market resumes buying and selling in the present day.
Vodafone Concept
The inventory is buying and selling above its trendline assist of 8.22 and buying and selling in a constructive up-trend. With technical construction being constructive and inventory being effectively above its assist, we advise a strict stoploss at 8.00 for all current longs and overhead upside targets of 10 and 10 to come back on within the inventory because the uptrend resumes its part.
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IRCTC
The inventory has touched its main assist mark of 735 and exhibiting indicators of reversal. We advise merchants to keep up a strict SL at 735 and guide income close to 820-840 odd ranges within the inventory. Technical construction as of current conditions look constructive and inventory can head increased from right here on.
HAL
The inventory is buying and selling above its main assist of 3360 and exhibiting good indicators of energy. With the inventory being in its oversold circumstances we will see inventory going in direction of 4000 odd ranges as soon as earlier than dropping down additional. Nevertheless buyers ought to stay cautious right here, merchants can preserve a strict SL at 3575 and maintain on to their buying and selling positions.
(Disclaimer: Suggestions, ideas, views and opinions given by the specialists are their very own. These don’t symbolize the views of Financial Instances)
