Market Trading Guide: TBO Tek among 2 stock recommendations for Thursday

Indian markets, which had opened strongly, to gradually move lower during the course of the session. Defying the broader market trend, realty and auto stocks outperformed on strong demand expectations ahead of festive season and supportive financing conditions, while metal stocks gained on the back of an improved GDP growth outlook and robust domestic demand.

Kirloskar Brothers - Buy | Buying Zone: Rs 2,000-2,010 | Stop-loss: Rs 1,900 | Target: Rs 2,100-2200

Kirloskar Brothers is showing a potential bullish breakout above the descending trendline, supported by a strong candle, improving volume and positive momentum. The stock is trading above its key 20/50/100/200 EMAs, while RSI at 64.34 indicates strengthening momentum. Buy above Rs 2,000–2,010, with a stop loss at Rs 1,900.


Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio

TBO Tek - Buy | Buying Zone: Rs 2,000-2,010 | Stop-loss: Rs 1,900 | Target: Rs 2,100-2200

TBO Tek is showing a strong bullish breakout above the Rs 1,600–1,620 resistance zone, supported by a sharp price move and improving volume. The stock is trading above all key EMAs, confirming a positive trend, while RSI at around 72 indicates strong momentum but also an overbought zone, warranting a cautious entry.

Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio

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