Jio Financial, HDFC Bank, Muthoot Finance: How to trade these 3 buzzing largecap stocks

Jio Financial, HDFC Bank, Muthoot Finance: How to trade these 3 buzzing largecap stocks

An analyst from Arihant Capital said that We are observing a double bottom formation in Jio Financial at Rs 198 level on the daily charts and Further, prices are making a higher high formation which is a sign of strength.

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Pawan Kumar Nahar
  • Apr 21, 2025,
  • Updated Apr 21, 2025 7:17 AM IST

Indian benchmark indices ended the truncated week with big gains on Thursday on the back of positive global and domestic cues amid a muted Q4 earnings performance by India Inc. A pause in reciprocal tariffs and exemptions to select articles supported the sentiments. BSE Sensex zoomed 1,508.91 points, or 1.96 per cent to settle at 78,553.20, while NSE's Nifty50 surged 414.45 points, or 1.77 per cent to end at 23,851.65 for the day.

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Select buzzing stocks including Jio Financial Services, Muthoot Finance and HDFC Bank are likely to remain under the spotlight of traders for the session today. Here is what Mileen Vasudeo, Senior Technical Analyst at Arihant Capital Markets has to about these stocks ahead of Monday's trading session:

 

We are observing that Muthoot Finance is in a downtrend on the daily charts. However, the prices have tested the 200-day SMA (Rs 2,031) and have taken support at the mentioned level. Hence, a pullback rally cannot be ruled out. Even, the momentum indicator RSI is positively poised. Hence, one can buy the stock at current levels with a stop loss of Rs 2,025 for a target Rs 2,267–2,340 in a couple of weeks.

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 ended the truncated week with big gains on Thursday on the back of positive global and domestic cues amid a muted Q4 earnings performance by India Inc. A pause in reciprocal tariffs and exemptions to select articles supported the sentiments. BSE Sensex zoomed 1,508.91 points, or 1.96 per cent to settle at 78,553.20, while NSE's Nifty50 surged 414.45 points, or 1.77 per cent to end at 23,851.65 for the day.

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Related Articles

 

Select buzzing stocks including Jio Financial Services, Muthoot Finance and HDFC Bank are likely to remain under the spotlight of traders for the session today. Here is what Mileen Vasudeo, Senior Technical Analyst at Arihant Capital Markets has to about these stocks ahead of Monday's trading session:

 

We are observing that Muthoot Finance is in a downtrend on the daily charts. However, the prices have tested the 200-day SMA (Rs 2,031) and have taken support at the mentioned level. Hence, a pullback rally cannot be ruled out. Even, the momentum indicator RSI is positively poised. Hence, one can buy the stock at current levels with a stop loss of Rs 2,025 for a target Rs 2,267–2,340 in a couple of weeks.

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.
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