Sachin Gupta from Choice Equity Broking favors Tata Steel following a Bullish Marubozu formation, projecting a target price of Rs 193. Gupta also recommends FACT and Ujjivan Small Finance Bank based on rising volume rebounds and trendline support. In addition, Bonanza Portfolio analyst Virat Jagad advises positions in Tata Communications and AB Capital as both equities exhibit strengthening momentum and reclaim key moving averages.
Key points
Favorable technical chart patterns and volume rebounds underpin buy calls across all five…: Favorable technical chart patterns and volume rebounds underpin buy calls across all five recommended stocks.
Traders should adhere to defined stop-loss thresholds ranging from Rs 53.15 on Ujjivan SF…: Traders should adhere to defined stop-loss thresholds ranging from Rs 53.15 on Ujjivan SFB to Rs 1,675 on Tata Communications.
Multiple equities are signaling trend reversals by successfully reclaiming long-term movi…: Multiple equities are signaling trend reversals by successfully reclaiming long-term moving averages and short-term exponential moving averages.
Tata Steel has shown a positive technical setup on the daily chart after breaking above its previous consolidation range. The stock has formed a Bullish Marubozu candle and closed strongly, indicating firm buying interest and the possibility of further upside. The close above the 20-day EMA further supports the improvement in the short-term price structure.Sachin Gupta, VP – Research, Choice Equity Broking
FACT has shown signs of a potential recovery on the daily chart after taking support near a key horizontal support zone. The stock has rebounded from the lower Bollinger Band, indicating buying interest at lower levels and the possibility of a short-term upward move. The recovery is supported by a significant increase in trading volume compared to previous sessions, suggesting improved participation from buyers.Sachin Gupta, VP – Research, Choice Equity Broking
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Investors face heightened volatility as derivative markets price in larger swings than historical averages following severe market penalties against other major tech peers. The tech giant enters the report carrying elevated valuation multiples alongside mixed hardware sales indicators and production headwinds. Any operational misstep could trigger an outsized market reaction given these prevailing pressures.
Derivatives positioning reflects heavy demand for downside protection as speculators brace for post-announcement swings that outpace historical trends. Even though Apple has advanced 25% this year with an inverse correlation to the tech benchmark, market participants are aggressively buying puts across both equities. These asymmetric bets indicate that investors anticipate notable reversals rather than continuations of recent momentum.