Hudco, Paytm, Bank Of Baroda: How To Trade These 3 Buzzing Stocks

Indian benchmark indices kicked-off nan week connected a beardown statement and settled higher connected Monday amid a slew of affirmative cues. The sustained FIIs inflows and grounds GST postulation successful April supported nan sentiments. BSE Sensex jumped 294.85 points, aliases 0.37 per cent to settee astatine 80,796.84, while NSE's Nifty50 gained 114.45 points, aliases 0.47 per cent to extremity astatine 24,461.15 for nan day.

Select buzzing stocks including Housing and Urban Development Corporation (Hudco), Bank of Baroda and One97 Communications (Paytm) are apt to stay nether nan spotlight of traders for nan convention today. Here is what Jigar S Patel, Technical Research Analyst astatine Anand Rathi Shares and Stock Brokers has to astir these stocks up of Tuesday's trading session:

Bank of Baroda | Book Profit

Bank of Baroda is presently showing signs of bearish divergence successful nan Rs 253–258 range, pursuing an awesome 36 per cent rally complete nan past 2 months. This area besides coincides pinch a Fibonacci cluster resistance, falling betwixt nan 61.8% and 88.6 per cent retracement levels of nan 2 erstwhile awesome swings connected nan regular chart. Given these method signals, we urge booking profits successful nan Rs 250–260 area and waiting for a patient pullback earlier considering caller entries.

One97 Communications | Caution | Resistance: Rs 915-920 | Support: Rs 830-820

Paytm has precocious recovered support pursuing a little pullback, pinch a notable rebound successful nan erstwhile trading convention from nan S3 Camarilla pivot level. This betterment is further supported by a bullish reversal successful nan regular RSI, which bounced from nan important 50 mark, indicating strengthening momentum. Looking ahead, we expect Paytm to trial nan Rs 915–920 guidance area successful nan adjacent term, while contiguous support lies astatine Rs 830–820.

Housing and Urban Development Corporation | Buy | Target Price: Rs 246 | Stop Loss: Rs 218

Hudco is trading adjacent a important support area of Rs 225–228, marking a important level to watch. The play Camarilla pivots bespeak an wrong worth relationship, pinch nan existent week’s pivot scope sitting wrong nan erstwhile week’s range—suggesting a accelerated upmove, arsenic illustrated successful nan chart. From a method perspective, nan hourly RSI has formed a bullish divergence, pointing to a imaginable upside reversal. Traders whitethorn see initiating agelong positions supra Rs 228 connected a regular closing basis, aiming for a target of Rs 246, while maintaining a stop-loss beneath Rs 218.

Published on: May 6, 2025 7:27 AM IST