Tata Steel: Purchase at ₹175, aim for ₹185, and halt loss at ₹169.
TATASTEEL’s daily chart analysis indicates a consistent upward trend, which bodes well for the coming week. The stock has developed a noteworthy pattern of higher highs and higher lows, and its last upward move has effectively broken through the neckline to set a new weekly high. This breakout offers a great chance for profit by indicating that there may be a significant follow-through upward increase in the stock price.
TARC: Purchase at ₹184, aim for ₹195, and halt loss at ₹177.
At ₹184.1, TARC is trading at the moment. The stock has recently broken the neckline levels of ₹178.5 and is climbing fast on the upside with significant volume, following a period of minor declines and sideways consolidation. It is anticipated that there would be additional upward movement, maybe reaching ₹195 levels. Significant support is visible on the downside at over ₹177.
HDFC Bank: Purchase at ₹1520, aim for ₹1570, and halt losses at ₹1480.
This stock has shown strong support at about ₹1480. Therefore, the stock has once more shown a reversal price action formation at the ₹1520 price level at this point, and it may continue to rise till ₹1570, which is its next resistance level. Hence, investors can purchase and hold this stock with a stop loss set at ₹1480 in order to reach the short-term goal price of ₹1570.
Tata Consultancy Services, or TCS: Purchase at ₹3850, aim for ₹3940, and halt losses at ₹3800.
The stock has shown a positive short-term reversal pattern. Retrenchments might theoretically occur up till ₹3940. Thus, if we retain the ₹3800 support level, this stock may short-term rise towards ₹3940. For the target price of ₹3940, the trader might therefore utilise a stop loss of ₹3800.
Federal Bank: Purchase at ₹163, aim for ₹173, and halt loss at ₹158.
This stock has shown significant support at ₹158. Thus, the stock has once more experienced a reversal in price action at this point, and a bullish candlestick pattern has formed at the price level of ₹163. The stock may now continue to rise until it reaches its next resistance level of ₹173. Therefore, traders can purchase and hold this stock for the short term goal price of ₹173 with a stop loss of ₹158.
Sixth Market: Purchase at ₹271.40, aim for ₹285; halt loss at ₹266.
On the daily chart, the stock has shown a bullish candle pattern to strengthen the bias following the consolidation. The RSI, which is steadily rising and showing strength, has signalled a trend reversal with significant upside potential to continue the upward trend going forward. With a stop loss at ₹266 and an initial upside objective of ₹285, we advise purchasing the stock.
BASF: Purchase at ₹4430, aim for ₹4580, and halt loss at ₹4345.
On the daily chart, the stock has shown a sequence of higher low patterns that have taken support close to the ₹4280 level. The bias has improved with a retreat, awaiting an additional increase. Given the favourable appearance of the chart, we advise purchasing the stock with a stop loss of ₹4345 and an initial upside objective of ₹4580.
Extrusion: Purchase at ₹394.60, aim for ₹410, and halt loss at ₹386.
With the RSI showing a trend reversal following the consolidation, the stock has significant upside potential to continue the positive move further ahead. The stock, after the consolidation, took support near the ₹367 zone. It has since indicated a bullish candle formation on the daily chart to improve the bias. Keeping the stop loss at ₹386, we advise purchasing the stock with an initial upside target of ₹410.