Torrent Power, NTPC, Poonawalla Fincorp: How to trade these 3 buzzing stocks

Torrent Power, NTPC, Poonawalla Fincorp: How to trade these 3 buzzing stocks

An analyst from Master Capital said that Poonawalla Fincorp has decisively broken out of its long-term descending trendline, confirming a trend reversal.

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Prices of NTPC increased more than 20 per cent from their recent bottom, showing strong bullish momentum with reclaiming key moving averages, said the analyst.Prices of NTPC increased more than 20 per cent from their recent bottom, showing strong bullish momentum with reclaiming key moving averages, said the analyst.
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Pawan Kumar Nahar
  • Apr 2, 2025,
  • Updated Apr 2, 2025 7:18 AM IST

Indian stock markets kicked off the financial year 2025-26 with big cuts as the fears of US reciprocal tariff announcements dented the sentiments at Dalal Street, triggering a sharp selloff. BSE Sensex crashed 1,390.41 points, or 1.80 per cent to settle at 76,024.51 for the day, while NSE Nifty50 index plunged 353.65 points, or 1.50 per cent to end the session at 23,165.70.

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Nifty50 has formed a bear candle with a lower high and lower low signaling extension of the profit booking. Volatility to remain high and index on expected lines post breakdown below last week's low 23,400 extended decline and closed below 23,200 levels, said Bajaj Broking. "We believe the current breather should be used as a buying opportunity in quality stocks in a staggered manner for up move towards 24,200 levels in the coming weeks. With key supports placed at 23,000-22,800 levels," it said.

 

Some buzzing stocks including NTPC, Poonawalla Fincorp and Torrent Power 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 about these stocks ahead of Wednesday's trading session:

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Poonawalla Fincorp has decisively broken out of its long-term descending trendline, confirming a trend reversal. The stock has reclaimed key moving averages (34, 55, and 100-day EMAs), indicating strong bullish momentum. The breakout zone around Rs 323 is now acting as immediate support, suggesting strength in the uptrend. The RSI is above 70, signaling strong buying interest, while the MACD remains in a bullish crossover, reinforcing positive sentiment. Prices are currently sustaining above all key moving averages which opens the doors for further upside towards Rs 379-390 levels.

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 stock markets kicked off the financial year 2025-26 with big cuts as the fears of US reciprocal tariff announcements dented the sentiments at Dalal Street, triggering a sharp selloff. BSE Sensex crashed 1,390.41 points, or 1.80 per cent to settle at 76,024.51 for the day, while NSE Nifty50 index plunged 353.65 points, or 1.50 per cent to end the session at 23,165.70.

Advertisement

Related Articles

 

Nifty50 has formed a bear candle with a lower high and lower low signaling extension of the profit booking. Volatility to remain high and index on expected lines post breakdown below last week's low 23,400 extended decline and closed below 23,200 levels, said Bajaj Broking. "We believe the current breather should be used as a buying opportunity in quality stocks in a staggered manner for up move towards 24,200 levels in the coming weeks. With key supports placed at 23,000-22,800 levels," it said.

 

Some buzzing stocks including NTPC, Poonawalla Fincorp and Torrent Power 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 about these stocks ahead of Wednesday's trading session:

Advertisement

 

Poonawalla Fincorp has decisively broken out of its long-term descending trendline, confirming a trend reversal. The stock has reclaimed key moving averages (34, 55, and 100-day EMAs), indicating strong bullish momentum. The breakout zone around Rs 323 is now acting as immediate support, suggesting strength in the uptrend. The RSI is above 70, signaling strong buying interest, while the MACD remains in a bullish crossover, reinforcing positive sentiment. Prices are currently sustaining above all key moving averages which opens the doors for further upside towards Rs 379-390 levels.

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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