Hindustan Petroleum Corporation (₹ 382.10)
Momentum favors bulls
After witnessing the sale pressure in the first months of this year, the shares of Hindustan Petroleum Corporation found support in ₹ 290 in early March. Since then, he has a leg in a rally. The movement of last week gave a good positive impulse to the actions and the probability that the actions obtain more profits is high. That said, there could be some correction in the price, possible to ₹ 350.
Therefore, participants can buy this action from ₹ 380 and buy more shares if the price is submerged to ₹ 350. Place the initial fall of the fall in ₹ 315. When the action appreciates ₹ 420, modify the stop -los at 385. further tightens the stop -los to ₹ 420 when the price reaches 460 ₹ 460. 500.
IDBI BANK (₹ 79.52)
Keeps above a support
Since the beginning of 2025, IDBI Bank’s actions have been largely quoting side. He has a leg hero within ₹ 66 and ₹ 85. But keep in mind that just when the broader market faced considerable low pressure, IDBI Bank’s actions managed to stay above the support band of ₹ 66-69. In the last four weeks, he managed to publish profits for three weeks, showing an upward inclination.
We hope that the action will see an increase in the current level, potentially to ₹ 120 in the coming months. Buy the action to ₹ 79 and accumulate if the price is submerged to ₹ 73. The stop-loss can be ₹ 60. When the price reaches ₹ 95, check the stop -los a ₹ 85. In a rally to ₹ 110, tighten the stopp plug to ₹ 100. Go to ₹ 120.
Jyothy Labs (₹ 367.05)
Forms a base
The Jyothy Labs stock has been in an bearish trend since September last year. But in the last week it was consolidating just above ₹ 320 as it provides support. Although it opened with a significant gap below this level last week, the action recovered to close above this base. The price action indicates positivity and there is a good opportunity for shares to recover.
Notable resistance levels are ₹ 460 and ₹ 550. Merchants can buy to ₹ 367 and add long to ₹ 330. Place the arrest of detention in ₹ 290. When the shares increase to ₹ 425, check the Stop-ESS to ₹ 380. In a rally a ₹ 460, leave one third of the position. Change the Stop -los for the approach positions to ₹ 420. Exit the balance positions to ₹ 550.
Posted on April 12, 2025