Bajaj Housing Finance, Ltimindtree, Biocon: How To Trade These 3 Buzzing Stocks

Indian benchmark indices managed to station mild gains connected Tuesday, extending nan bull run, contempt antagonistic world cues. The rising tensions betwixt Donald Trump and US Fed chair Jerome Powell is denting nan sentiments connected a world course. BSE Sensex roseate 187.09 points, aliases 0.24 per cent to settee astatine 79,595.59, while NSE's Nifty50 added 41.70 points, aliases 0.17 per cent to extremity astatine 24,167.25 for nan day.

Select buzzing stocks including Bajaj Housing Finance, LTIMindTree and Biocon are apt to stay nether nan spotlight of traders for nan convention today. Here is what Rajesh Palviya, SVP - Technical and Derivatives Research astatine Axis Securities has to astir these stocks up of Wednesday's trading session:

Bajaj Housing Finance | Buy | Target Price: Rs 145-150 | Support: Rs 124-120

On nan regular chart, Bajaj Housing has formed a higher apical and a higher bottom, which confirms a short-term inclination reversal. It has besides confirmed a rounding bottommost statement astatine Rs 128 levels connected a closing basis. This breakout is accompanied by immense volume, indicating accrued participation. Currently, nan banal is good paced supra its 20,50, and 100 SMA, which reconfirms a bullish trend. The regular and play spot indicator, RSI, is successful affirmative territory, quoting supra its reference line, indicating sustained strength. Traders and investors are advised to bargain and accumulate nan stock, which has an expected upside of Rs 145-150. The short-term support area is astir Rs 124-120.

Biocon | Buy Range: Rs 355-360 | Target Price: Rs 385-405 | Support: Rs 319-305

Biocon has been consolidating betwixt Rs 360 and Rs 300 levels for nan past mates of months, representing short-term consolidation. Hence, immoderate decisive breakout supra Rs 355-360 levels whitethorn corroborate a inclination reversal. Currently, nan banal is sustaining beneath its important averages of 20,50,100 and 200 SMAS, indicating a deficiency of spot connected either side. Hence, traders are advised to adopt a cautious attack and bargain only supra Rs 355-360 pinch an expected upside of 385 and 405. The important support area is placed astatine astir 319-305 levels.

LTIMindTree | Hold | Target Price: Rs 4,600-4,750 | Support: Rs 4,040-3,790

LTIMindTree is successful a downtrend, forming a bid of little tops and little bottoms. However, pinch nan existent close, nan banal has managed to adjacent supra its three-month down sloping inclination statement guidance astatine Rs 4,200 levels. This shows early signs of bottoming out. The regular spot parameter RSI is positive, indicating rising spot connected nan short-term charts. Traders are advised to clasp their existing positions for a alleviation rally towards Rs 4,600-4750 levels pinch a important support area of Rs 4,040-3790.

Published on: Apr 23, 2025 7:26 AM IST