On a late-August session when India's benchmark indices recovered a modest 0.4 percent yet still sat beneath every key moving average, three technical analysts from Axis Securities, Angel One and Teji Mandi offered their short-term reads on individual stocks. Their calls, buying a handful of names and selling two others through futures, reflect a familiar human impulse to find order in charts while the broader market hesitates. Each recommendation arrives with its own ceiling and floor, a reminder that such guidance is a bet placed under uncertainty, to be judged not by its confidence but by w
Trade Spotlight: Analysts Name Buy and Sell Calls on Ramkrishna Forgings, BSE, Tata Technologies and Others
Every call comes with a target, and a stop-loss marking where it fails
Mark
Why does the market still look cautious after a 0.4 percent bounce?
Mimi
Because the indices remain below all key moving averages. The source frames that as the reason caution may persist.
Luke
And a 0.4 percent gain in range-bound trading isn't much of a signal. Breadth was 1,688 advancing to 1,492 declining, which is only mildly positive.
Mark
Most of these calls are buys. Is that notable?
Mimi
Seven of nine are buys, and Jubilant FoodWorks and Prestige Estates are the two sells, both via September futures.
Luke
Worth saying these are three analysts' views, not a consensus. The disclaimer says they are their own opinions.
Mark
BSE seems different from the others.
Mimi
Yes. Most buys are trend-following, but BSE has corrected sharply and Angel One's Osho Krishan is betting on a reversal near the 200-day SMA.
Luke
That's a bet, not a confirmed turn. The stop at Rs 3,140 is the analyst's own admission of where he'd be wrong.
Mark
What do the sell calls rest on?
Mimi
Breakdowns below channels, bearish candlestick patterns, and rising open interest during price falls, which Jatin Gedia reads as short buildup.
Luke
The source doesn't tell us how often such setups have worked, so treat the targets as projections.
Le Pouls
- Benchmark indices bounced 0.4 percent after two losing days, but they remain stubbornly beneath all their key moving averages.
- Breadth is only mildly positive, with roughly 1,688 shares advancing against 1,492 declining, so conviction is thin.
- Analysts are hunting breakouts in Ramkrishna Forgings, Akums Drugs and Shyam Metalics, all trading above rising averages.
- A reversal bet on BSE rests on a retest of its 200-day average and an RSI turning up from oversold territory.
- Sell calls on Jubilant FoodWorks and Prestige Estates hinge on breakdowns and rising open interest, with stop-losses set just above entry.
- Every target and stop now waits on the coming sessions to confirm or break these levels.
On a late-August session when India's benchmark indices recovered a modest 0.4 percent yet still sat beneath every key moving average, three technical analysts from Axis Securities, Angel One and Teji Mandi offered their short-term reads on individual stocks. Their calls, buying a handful of names and selling two others through futures, reflect a familiar human impulse to find order in charts while the broader market hesitates. Each recommendation arrives with its own ceiling and floor, a reminder that such guidance is a bet placed under uncertainty, to be judged not by its confidence but by whether its levels hold in the sessions that follow.
On August 28, India's benchmark indices climbed 0.4 percent after two days of losses, but the gain came in choppy trading and the indices still lay below all their key moving averages. Breadth was only mildly positive, so the market's caution remained intact.
Into this uncertain picture stepped three technical analysts with short-term ideas. Rajesh Palviya of Axis Securities favoured three buys: Ramkrishna Forgings, which broke out of a rounding bottom on strong volumes, Akums Drugs, which confirmed a multi-month breakout, and Shyam Metalics, which touched an all-time high on steadily rising volume. All three trade above their rising averages, and each comes with its own targets and a stop-loss.
Osho Krishan of Angel One chose BEML, which has held its uptrend after a pullback, and two reversal or recovery bets: BSE, retracing to its 200-day average with an oversold RSI turning up, and Bank of Maharashtra, which climbed back above its key averages on volume. Jatin Gedia of Teji Mandi backed Tata Technologies on a flag breakout and two futures sells, Jubilant FoodWorks and Prestige Estates, both breaking down with rising open interest.
Every call carries defined levels, and the coming sessions will reveal which of them hold. The views belong to the analysts, and readers are reminded to consult certified experts before acting.
On August 28, India's benchmark indices climbed 0.4 percent after two straight days of losses. The gain came in range-bound trading, and the indices still sat below all of their key moving averages. Breadth was mildly positive on the NSE, where about 1,688 shares advanced and 1,492 declined. Against that backdrop, three technical analysts offered short-term trading ideas, and the market may stay cautious as long as the indices remain under those averages.
Rajesh Palviya, Senior Vice President and Head of Research at Axis Securities, picked three buys. Ramkrishna Forgings, at Rs 751.25, has formed higher tops and bottoms on the daily and weekly charts, and its weekly price action confirmed a rounding-bottom breakout at Rs 690 on a closing basis. He cited strong volumes over recent months and a weekly Bollinger Band buy signal. His targets are Rs 800 and Rs 855, with a stop-loss at Rs 725.
His second pick, Akums Drugs and Pharmaceuticals at Rs 772.6, confirmed what he called a multi-month breakout at Rs 670 on the monthly chart, with rising volumes. Targets are Rs 810 and Rs 840, with a stop-loss at Rs 750. The third, Shyam Metalics and Energy at Rs 1,099.8, hit an all-time high of Rs 1,111 and has seen strongly rising volumes for three to four months. Palviya's targets are Rs 1,190 and Rs 1,300, with a stop at Rs 1,050. For all three, he noted that the stocks trade above their 20-, 50-, 100- and 200-day simple moving averages, which are themselves rising.
Osho Krishan, Chief Manager for Technical and Derivative Research at Angel One, also chose three buys. BEML, at Rs 1,984.9, is in what he calls a secular uptrend and has held above its 20-day EMA after a recent pullback. He suggests buying around Rs 1,980-1,970, targeting Rs 2,150 and Rs 2,200, with a stop at Rs 1,875.
BSE, at Rs 3,405, is a different kind of call: a reversal bet. After a sharp correction over a couple of months, it has retraced to the 61.8 percent level of its earlier rally, which coincides with the 200-day SMA. It has also tested a downward-sloping trendline, and its RSI has crossed up from oversold territory. Krishan suggests buying around Rs 3,400-3,360, with targets of Rs 3,700 and Rs 3,900 and a stop at Rs 3,140. Bank of Maharashtra, at Rs 83.8, has moved above a downward-sloping trendline and back over its 20-, 50- and 100-day averages on volume. He suggests buying around Rs 82-81.50, targeting Rs 90 and Rs 92, with a stop at Rs 77.
Jatin Gedia, VP of Technical Research at Teji Mandi Investment Technologies, offered one buy and two sells. Tata Technologies, at Rs 834.35, retested a breakout zone at Rs 785-780 and broke out of a bullish flag on the daily chart on above-average volume. It also formed a hammer pattern on the weekly chart. His target is Rs 898, with a stop at Rs 810.
The sells are both futures trades. Jubilant FoodWorks, at Rs 490.45, broke below an upward channel and its previous swing low of Rs 494, and formed a weekly shooting-star pattern. Open interest rose 1 percent as the price fell, which Gedia reads as a short buildup. He suggests selling September futures around Rs 490, targeting Rs 468, with a stop at Rs 498.
Prestige Estates Projects, at Rs 1,588, is in a downward-sloping channel after breaching its previous four-day lows. Open interest rose 2.1 percent during the fall. Gedia suggests selling September futures around Rs 1,602.10, aiming for Rs 1,530 with a stop at Rs 1,628, and sees the stock heading toward about Rs 1,500 at the channel's lower end.
Every call comes with defined targets and stop-losses, so the coming sessions will show which levels hold. The views are the analysts' own, and Moneycontrol advises checking with certified experts before investing.
Citations marquantes
Prestige Estates is poised for a fall over the next few trading sessions, with a move toward about Rs 1,500.— Jatin Gedia, Teji Mandi Investment Technologies
The market may remain cautious as long as the indices trade below all key moving averages.— Moneycontrol market note
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