Bharti Airtel, Tata Steel among 8 stocks that may help plug holes in your portfolio

After a short-term price correction, the stock is consolidating near a 50-day SMA, it is also trading near an important retracement support level. The short-term texture suggests a strong possibility of a fresh uptrend rally is not ruled out if it succeeds to trade above Rs 868. Unless it is trading below 868, positional traders retain an optimistic stance and look for a target Rs 965 fresh buying can be considered now and on dips, if any between Rs 900 and Rs 890 levels with a stop loss below Rs 868.

Analyst: Shrikant Chouhan, Head of Equity Research at Kotak Securities

Despite weak market conditions, the stock maintains positive momentum. On daily and intraday charts, it has formed a higher bottom formation. Currently, the stock is trading near its 200-day SMA and the formation indicates strong possibility of fresh uptrend rally, if the stock held the support level Rs 899. Above the same, the chances of hitting Rs 995 would turn bright.

Analyst: Shrikant Chouhan, Head of Equity Research at Kotak Securities

From the last couple of weeks, the stock witnessed price correction. However, currently it is trading near weekly support level and weekly formation suggesting high chances of a quick pullback rally is not ruled out if it succeeds to trade above Rs 630. Positional traders would take a long bet at current levels with stop loss at Rs 630.

Analyst: Shrikant Chouhan, Head of Equity Research at Kotak Securities

After taking support at the 200 day EMA on Feb 24, stock price reversed northwards to close above its 5 and 20 day EMA. Primary trend is bullish as the stock price is trading above its 200 day EMA. RSI Oscillators are placed above 50 and sloping upwards on the daily chart, Indicating strength in the current uptrend. Buy with target at Rs 425 and stop loss at Rs 375.


Analyst: Nandish Shah, Senior Technical & Derivative Analyst, HDFC Securities.

After forming multiple bottoms around Rs 1,865 levels, stock price reversed northwards to close at a 5 day EMA. Primary trend of the stock is positive as it is trading above its 200-day EMA. Momentum Oscillator RSI has formed a bullish divergence and has rebounded from its oversold levels indicates a higher possibility of a sharp recovery ahead in the prices. Target should be at Rs 1,850 and stop loss at Rs 1,665.

Analyst: Nandish Shah, Senior Technical & Derivative Analyst, HDFC Securities

Tech Mahindra has already started its upwards bounce and on Friday we witnessed the first sign of strength. The stock prices managed to confirm a close above the 20-day SMA for the first time in the last two months. In addition, the ‘RSI-smoothened’ has moved upwards from the oversold zone. Considering all this evidence, we recommend buying this stock for a trading target of Rs 1,520. The stop loss can be placed at Rs 1,397.

Analyst: Sameet Chavan, Chief Analyst - Technical and Derivatives, Angel One Ltd

Recently, the stock gave Weekly Range breakouts and made a high of Rs 1,328 accompanied by supportive volumes. The Demand Index, ADX and KST Indicator suggests a possible up move. The possible target is Rs 1,700. If the stock price corrects downwards the buy levels are Rs 1,265-1,149. Stop Loss to be observed in the trade is Rs 1,060.

Analyst: Bharat Gala, President - Technical Research, Ventura Securities Ltd

Recently, the stock gave range breakouts moving above trend line connecting 2018 to 2022 and made a high of Rs 341 accompanied by supportive volumes. The MACD, ADX and KST Indicator suggest a possible up move. The possible target is Rs 525. If the stock price corrects downwards the buy levels are Rs 315-265. Stop loss to be observed in the trade is Rs 240.

Analyst: Bharat Gala, President - Technical Research, Ventura Securities Ltd