Piramal Enterprises, Ashok Leyland, Shriram Finance: How to trade these 3 buzzing stocks
An analyst from Master Capital said that Shriram Finance has witnessed a strong recovery from its recent lows, reclaiming the 200-day EMA, signaling renewed bullish momentum.


- Nov 27, 2024,
- Updated Nov 27, 2024 7:26 AM IST
Indian benchmark indices settled with mild cuts on Tuesday as headline indices took a breather after the two-day rally. Buying from FIIs, after a prolonged selling, supported the sentiment at Dalal Street. BSE Sensex shed 105.79 or 0.13 per cent to end the session at 80,004.06. NSE's Nifty50 declined 27.40 points or 0.11 per cent, to settle at 24,194.50 for the day.
Some buzzing stocks including Piramal Enterprises Ltd (PEL), Shriram Finance Ltd and Ashok Leyland Ltd are likely to remain under the spotlight of traders for the session today. Here is what Vishnu Kant Upadhyay, AVP, Research & Advisory at Master Capital Services has to say on these stocks ahead of Wednesday's trading session:
Piramal Enterprises has displayed a strong bullish breakout above a significant resistance level near Rs 1,150, supported by robust volumes. The stock is trading well above its 21-day and 200-day EMAs, signaling long-term strength. The RSI on the daily timeframe is trending near 67, reflecting increasing bullish momentum. A sustained move above the breakout level could lead to further upside, with the next target zone around Rs 1,315-1,332. On the downside, the Rs 1,100-1,108 range now acts as a strong support, making the stock attractive for long-term investors.
Indian benchmark indices settled with mild cuts on Tuesday as headline indices took a breather after the two-day rally. Buying from FIIs, after a prolonged selling, supported the sentiment at Dalal Street. BSE Sensex shed 105.79 or 0.13 per cent to end the session at 80,004.06. NSE's Nifty50 declined 27.40 points or 0.11 per cent, to settle at 24,194.50 for the day.
Some buzzing stocks including Piramal Enterprises Ltd (PEL), Shriram Finance Ltd and Ashok Leyland Ltd are likely to remain under the spotlight of traders for the session today. Here is what Vishnu Kant Upadhyay, AVP, Research & Advisory at Master Capital Services has to say on these stocks ahead of Wednesday's trading session:
Piramal Enterprises has displayed a strong bullish breakout above a significant resistance level near Rs 1,150, supported by robust volumes. The stock is trading well above its 21-day and 200-day EMAs, signaling long-term strength. The RSI on the daily timeframe is trending near 67, reflecting increasing bullish momentum. A sustained move above the breakout level could lead to further upside, with the next target zone around Rs 1,315-1,332. On the downside, the Rs 1,100-1,108 range now acts as a strong support, making the stock attractive for long-term investors.