Irfc, Indian Oil, Idfc First Bank: How To Trade These 3 Buzzing Stocks

Indian benchmark indices settled little for different trading convention amid nan rising hostility betwixt India and Pakistan aft Pahalgam attacks. Muted Q4 net proceed to measurement connected nan sentiments of nan Street. BSE Sensex tanked 588.90 points, aliases 0.74 per cent to settee astatine 79,212.53, while NSE's Nifty50 plunged 207.35 points, aliases 0.86 per cent to extremity astatine 24,039.35 for nan day.

Select buzzing stocks including IDFC First Bank, Indian Railway Finance Corporation and Indian Oil Corporation are apt to stay nether nan spotlight of traders for nan convention today. Here is what Mileen Vasudeo, Senior Technical Analyst astatine Arihant Capital Markets has to astir these stocks up of Monday's trading session:

IDFC First Bank | Sell | Target Price: Rs 62-59 | Stop Loss: Rs 69

We are watching that prices of IDFC First Bank person closed beneath nan 200-day SMA (Rs 66.58) connected nan regular charts, which is simply a motion of weakness. Further nan momentum parameter RSI is negatively poised. Even nan banal is underperforming nan benchmark indices. Combining each nan supra parameters it is evident that momentum connected nan downside whitethorn continue. Hence, 1 tin waste nan banal astatine existent levels pinch a extremity nonaccomplishment of Rs 69 for a target Rs 62-59 levels successful a mates of weeks.

Indian Railway Finance Corporation | Sell | Target Price: Rs 124-120 | Stop Loss: Rs 132

We are watching that prices of IRFC are trading beneath nan 200-day SMA (Rs 140) connected nan regular charts, which is simply a motion of weakness. Further, nan momentum parameter RSI is negatively poised. Even nan banal is underperforming nan benchmark indices. This suggests that momentum connected nan downside whitethorn continue. Hence, 1 tin waste nan banal astatine existent levels pinch a extremity nonaccomplishment of Rs 132 for a target Rs 124-120 levels successful a mates of weeks.

Indian Oil Corporation | Buy | Target Price: Rs 139-144 | Stop Loss: Rs 129

We are watching that prices of Indian Oil Corporation are facing guidance astatine Rs 138 level connected nan Daily chart. Any adjacent supra Rs 138 would propel nan upside momentum. On nan downside nan banal has support astatine Rs 132-130 levels. Hence, 1 tin 'buy' nan banal astatine existent levels pinch a extremity nonaccomplishment of Rs 129 for a target Rs 139–144 levels successful a mates of weeks.

Published on: Apr 28, 2025 7:17 AM IST