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Updated: 49 min 53 sec ago

Pahalgam: Pak Defence Min denies involvement

April 23, 2025 - 10:21am
Categories: Business News

Pahalgam Terror Attack: Pakistan responds

April 23, 2025 - 10:13am
Categories: Business News

Was Pakistan behind Pahalgam terror attack?

April 23, 2025 - 9:41am
Categories: Business News

IMF warns of larger losses for US and China

April 23, 2025 - 9:28am
Categories: Business News

UN Secretary General condemns Pahalgam attack

April 23, 2025 - 8:44am
Categories: Business News

Army takes down 2 terrorists in Baramulla ops

April 23, 2025 - 8:38am
Categories: Business News

Musk may quit govt role as Tesla profits fall

April 23, 2025 - 7:49am
Categories: Business News

Stocks to buy: HCL Tech, Nestle and Bajaj Housing on investors' radar

April 23, 2025 - 7:44am
Benchmark equity indices Sensex and Nifty advanced on Tuesday, marking their sixth straight day of rise helped by gains in banking and FMCG shares and foreign fund inflows.Stocks that were in focus include names like HCL Tech, which rose 0.6% and Nestle, which fell 2% and Bajaj Housing, whose shares rallied 0.5% on Tuesday.Here's what Viral Chheda, Sr Analyst, SSJ Finance and Securities, recommends investors should do with these stocks when the market resumes trading today.HCL TechAfter making an all time high around 1992 in Jan 2025, stock has witnessed a Bear Run to make the low of 1302 odd levels. Price has given almost 35% downside move from its higher level of 1992 odd levels as bears were having upper hand over price. After taking support from the previous support level around 1280, price has given some pull back to move around 1480 odd levels. Price is currently facing resistance of 20 DMA and previous higher level around 1500.Moving above this level we witness further upside moves till 1650-1750. On the lower side 1300-1250 will play as a crucial support zone, breaking this level we further dip the price till 1150 odd levels. For the long term stock looks good and can be bought at every dip.The Stochastics Oscillator is moving in an upward trend along with an increase in volume indicating further upside move with limited downside risk. Hence one can buy at current level and more at dips of 1360 with stop loss of 1250 on weekly closing basis and upside can be seen till 1650-1850 in the coming 10-12 months.NestleAfter making double top around it's all time high level of 2740 in Sept 2024, price has given a sharp correction to make the low of 2110 odd levels. The price has given almost 23% corrections from its higher level as Sellers were having full control over the price.For the last six months price moved in the range of 2110-2360 and in the previous week with high volume price has breached the Consolidation Phase and moving above that level indicates further upside from here. Price is also moving above all three major averages of 20 WMA, 50 WMA and 200 WMA respectively.For long term stock looks good and can be bought at every dips. The Stochastics Oscillator is moving in an upward trend along with an increase in volume indicating further upside move with limited downside risk. Hence one can buy at current level and more at dips of 2250 with stop loss of 2100 on weekly closing basis and upside can be seen till 2850-3150 in the coming 10-12 months.Bajaj HousingAfter making an all time high around 188 in Sept 2024, stock has witnessed a Bear Run to make the low of 103 odd levels. Price has given almost 45% downside move from its higher level of 188 odd levels as bears were having upper hand over price.In the last 4 months price has moved in the range of 103-130 and in the current week with relatively high volume price has breached the consolidation phase and moving above that level indicates further upside from here. For the long term stock looks good and can be bought at every dip.The Stochastics Oscillator is moving in an upward trend along with an increase in volume indicating further upside move with limited downside risk. Hence one can buy at current level and more at dips of 115 with stop loss of 100 on weekly closing basis and upside can be seen till 175-210 in the coming 10-12 months.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Categories: Business News

Intel to cut over 20% of workforce: Reports

April 23, 2025 - 7:24am
Categories: Business News

World leaders condemn Pahalgam Terror attack

April 23, 2025 - 6:46am
Categories: Business News

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