Technical experts identify five stocks with bullish setups, highlighting target prices and stop-loss levels for short-term traders
Market experts have identified five stocks that could offer trading opportunities today based on technical charts and prevailing market trends. The recommended picks are Nuvama Wealth Management, Samvardhana Motherson International, Manappuram Finance, India Glycols, and Lloyds Metals & Energy, with analysts outlining specific entry levels, targets, and stop-losses.
Here’s a closer look at the recommendations:
1. Nuvama Wealth Management Ltd. (CMP: ₹1,944)
Osho Krishan, Chief Manager – Technical and Derivative Research at Angel One, recommends buying Nuvama Wealth Management around the current market price of ₹1,940.
- Buy Price: Around ₹1,940
- Stop-Loss: ₹1,900
- Target: ₹2,000
Meanwhile, market expert Sachin Janardan Sarvade also has a bullish view on the stock.
- Buy Range: ₹1,925–₹1,947
- Stop-Loss: ₹1,799
- Target: ₹2,250
2. Samvardhana Motherson International Ltd. (CMP: ₹146.05)
Nilesh Jain, Head of Technical and Derivatives Research at Centrum Finverse, has recommended Samvardhana Motherson International as a buy.
- Buy Price: Around current levels
- Stop-Loss: ₹140
- Target: ₹155.50
The recommendation is based on favourable technical indicators suggesting further upside potential.
3. Manappuram Finance Ltd. (CMP: ₹353.20)
Nilesh Jain has also turned positive on Manappuram Finance, citing a constructive technical setup.
- Buy Price: Around current levels
- Stop-Loss: ₹344
- Target: ₹369
The stock is expected to witness buying interest if it sustains above key support levels.
4. India Glycols Ltd. (CMP: ₹1,171)
Osho Krishan has recommended accumulating India Glycols in the ₹1,160–₹1,170 range.
- Buy Range: ₹1,160–₹1,170
- Stop-Loss: ₹1,130
- Target 1: ₹1,220
- Target 2: ₹1,245
The analyst believes the stock is displaying positive momentum with scope for further gains.
5. Lloyds Metals & Energy Ltd. (CMP: ₹1,940)
Sachin Janardan Sarvade has recommended buying Lloyds Metals & Energy within the ₹1,910–₹1,930 range.
- Buy Range: ₹1,910–₹1,930
- Stop-Loss: ₹1,789
- Target: ₹2,222
According to the analyst, the stock’s technical structure remains strong and supports a bullish outlook.
Key Takeaway
The recommendations are based on technical analysis and short-term price trends. Traders should adhere to the suggested stop-loss levels to manage risk, as market conditions can change rapidly. Investors are also advised to conduct their own research and consider their financial goals before making investment decisions.