loading
loading
Indian benchmark indices remained under pressure throughout the session but managed to hold above the crucial 24,000 mark at close. Elevated crude oil prices and escalating geopolitical tensions continued to weigh on investor sentiment, while the weekly Nifty expiry led to heightened intraday volatility and choppy price action. Here are four stock recommendations for Wednesday Stop-loss: Rs 790Target: Rs 890The downtrend for the last 2-3 months is in the process of reversal up. We observe the formation of crucial higher bottom reversal patterns. The stock price has witnessed breakout of few weeks’ price range at Rs 815 and is currently trading higher. Volume has started to expand during upside breakout in the stock price and daily RSI shows positive indication.Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities Stop-loss: Rs 225Target: Rs 253The stock price has been in a strong upside momentum over the last few weeks. We observe a bullish pattern like higher tops and bottoms over the period. Currently, in an attempt of upside breakout of few months range at Rs 235-240 band. Volume and RSI patterns indicate positive bias for the stock price ahead.Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities Stop-loss: Rs 380Target: Rs 434Acme Solar Holdings is exhibiting strong bullish momentum and has breakout from a multi-week consolidation zone around 400-402 resembles as Ascending Triangle char pattern. The stock has been consistently forming higher highs and higher lows while trading above its key short and medium-term moving averages, indicating a healthy uptrend. Recent price action suggests accumulation near the resistance zone, with buyers repeatedly defending higher levels.Vaishali Patel, Senior Manager - Research- Technical Department at Jainam Stop-loss: Rs 2093Target: Rs 1890BEML has witnessed a strong recovery from its recent lows and is currently trading near the 1,980 resistance zone, which marks the upper end of its recent consolidation range. The stock has reclaimed its key moving averages, with the 20-day EMA crossing above the medium-term averages, indicating improving trend strength.Vaishali Patel, Senior Manager - Research- Technical Department at Jainam (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
document fetched 2026-09-02 02:58