Axis Bank, Bajaj Auto, UTI AMC: Trading strategies for these 3 buzzing stocks
An analyst from Prabhudas Lilladher said that Axis Bank has witnessed a decent erosion from Rs 1,340 levels and recently found support near the important 200-period MA of the Rs 1,100.
- Aug 21, 2024,
- Updated Aug 21, 2024 7:35 AM IST
Indian benchmark indices settled with decent gains during the trading session Tuesday on the back of positive global cues, triggered by the potential ceasefire between Israel and Hamas and hopes of rate cuts in the near term. BSE Sensex surged 378.18, or 0.47 per cent, to end the day at 80,802.86. NSE's Nifty50 rallied 126.20 points, or 0.51 per cent, to close at 24,698.85 for the day.
Some buzzing stocks- Axis Bank Ltd, Bajaj Auto Ltd and UTI Asset Management Company Ltd (UTI AMC) are likely to remain under the spotlight of traders for the session today. Here is what various brokerage firms have to say on these stocks ahead of Wednesday's trading session:
After making a high near Rs 1,095 in August 2021, UTI AMC underwent a corrective move towards Rs 650. The stock made a significant retracement and is now again above all time high. This has confirmed a multiyear breakout above Rs 1,095 and that too with decent volumes. Thus, we advise traders to buy the stock in the range of Rs 1,090-1,100 with a stop loss of Rs 1,035 for upside target of Rs 1,200.Recommended By: Anand Rathi Shares & Stock Brokers
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Indian benchmark indices settled with decent gains during the trading session Tuesday on the back of positive global cues, triggered by the potential ceasefire between Israel and Hamas and hopes of rate cuts in the near term. BSE Sensex surged 378.18, or 0.47 per cent, to end the day at 80,802.86. NSE's Nifty50 rallied 126.20 points, or 0.51 per cent, to close at 24,698.85 for the day.
Some buzzing stocks- Axis Bank Ltd, Bajaj Auto Ltd and UTI Asset Management Company Ltd (UTI AMC) are likely to remain under the spotlight of traders for the session today. Here is what various brokerage firms have to say on these stocks ahead of Wednesday's trading session:
After making a high near Rs 1,095 in August 2021, UTI AMC underwent a corrective move towards Rs 650. The stock made a significant retracement and is now again above all time high. This has confirmed a multiyear breakout above Rs 1,095 and that too with decent volumes. Thus, we advise traders to buy the stock in the range of Rs 1,090-1,100 with a stop loss of Rs 1,035 for upside target of Rs 1,200.Recommended By: Anand Rathi Shares & Stock Brokers
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.