Punjab National Bank, Upl, Dabur: How To Trade These 3 Buzzing Stocks

Indian benchmark indices settled somewhat little connected Tuesday aft nan caller recovery, driven by cautious sentiments amid separator tensions pinch Pakistan and US Fed's monetary argumentation owed later this week. Muted Q4 net by India Inc besides dented nan sentiments. BSE Sensex dropped 155.77 points, aliases 0.19 per cent to settee astatine 80,641.07, while NSE's Nifty50 declined 81.55 points, aliases 0.33 per cent to extremity astatine 24,379.60 for nan day.

Select buzzing stocks including Punjab National Bank (PNB), Dabur India and UPL 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:

UPL | Buy | Target Price: Rs 730-765 | Support: Rs 660-640

UPL is successful a beardown uptrend crossed each clip frames, forming a bid of higher tops and bottoms. It is sustained supra its 20, 50, 100, and 200-day SMAS, and these averages are besides inching up on pinch value rises, which signifies bullish sentiments. The banal is apt to widen its rally towards 730-765 levels. Conversely, nan short-term support area is placed astatine 660-640 levels.

Punjab National Bank | Caution | Resistance: 105-115 | Support: Rs 90-85

Over nan past 3-5 months, PNB has been consolidating wrong Rs 105-85, representing a short—to medium-term sideways trend. The banal is sustaining beneath its 20, 50, 100, and 200-day SMA, which signifies a bearish bias. The daily, weekly, and monthly spot parameter RSI is successful bearish mode, signaling a nonaccomplishment of strength. Traders and advisors are advised to adopt a cautious approach. The important support area is astir Rs 90-85 levels, whereas nan important guidance area is Rs 105-115.

Dabur India | Buy | Target Price: 540-560 | Stop Loss: Rs 460

Dabur has been maintaining medium-term horizontal support adjacent Rs 430, successful spot since May 2020. The banal precocious witnessed a crisp rebound from this cardinal level, reaffirming its significance. It has besides taken support astatine nan 20-day SMA, suggesting renewed buying interest. Notably, nan regular RSI is exhibiting a affirmative divergence—holding dependable while value action forms little lows—indicating a imaginable reversal and upside momentum successful nan stock. In upcoming sessions, if nan banal sustains supra Rs 520 levels, it whitethorn widen its up move towards Rs 540-560 levels. The important support area astatine Rs 470-460 levels.

Published on: May 7, 2025 7:39 AM IST