Market Trading Guide: Adani Enterprises, Dixon Tech among 4 stock recommendations for Wednesday
1/5
Stock Ideas
The much-anticipated US sanctions against Iran fell short of market expectations, causing crude oil prices and bond yields to moderate from their recent peaks. This relief in energy costs aided a moderately positive close today on the monthly expiry day. Outperforming the broader market, healthcare and financial sectors gained as investors rotated into defensive and domestic-oriented sectors with signs of some stability in domestic bond market.
Analysts say near-term cautiousness is expected to continue for Indian equities as unresolved U.S.-Iran tensions keep oil prices and bond yields relatively elevated, leaving investors sensitive to sudden shifts in the Middle East geopolitical landscape.
Here are 4 stock recommendations for Wednesday
Analysts say near-term cautiousness is expected to continue for Indian equities as unresolved U.S.-Iran tensions keep oil prices and bond yields relatively elevated, leaving investors sensitive to sudden shifts in the Middle East geopolitical landscape.
Here are 4 stock recommendations for Wednesday
2/5
Adani Enterprises - Buy
Stop-loss: Rs 2930
Target: Rs 3300
The stock has shown a strong recovery from the Rs 3,000 zone and is trading above all major EMAs, maintaining a bullish structure. RSI at 61 indicates improving momentum, while the recent price action and volume support further upside towards Rs 3,300.
Virat Jagad, Sr Technical Research Analyst at Bonanza
Target: Rs 3300
The stock has shown a strong recovery from the Rs 3,000 zone and is trading above all major EMAs, maintaining a bullish structure. RSI at 61 indicates improving momentum, while the recent price action and volume support further upside towards Rs 3,300.
Virat Jagad, Sr Technical Research Analyst at Bonanza
3/5
HDFC AMC - Buy
Stop-loss: Rs 2600
Target: Rs 2900
The stock has delivered a strong bullish breakout above the consolidation zone and key moving averages with a sharp volume surge, supported by RSI crossing above 63, indicating aggressive buying pressure and high-conviction upside trajectory.
Virat Jagad, Sr Technical Research Analyst at Bonanza
Target: Rs 2900
The stock has delivered a strong bullish breakout above the consolidation zone and key moving averages with a sharp volume surge, supported by RSI crossing above 63, indicating aggressive buying pressure and high-conviction upside trajectory.
Virat Jagad, Sr Technical Research Analyst at Bonanza
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4/5
Hyundai - Buy
Stop-loss: Rs 2148
Target: Rs 2400
Hyundai Motor India is showing a bullish recovery structure after a prolonged downtrend, with the stock forming higher highs and higher lows and reclaiming its key moving averages. The sharp breakout above the 2,050–2,100 zone has strengthened the trend, while the stock is now consolidating near 2,200–2,250, indicating healthy digestion of recent gains.
Himanshu Gupta, Head of Research - Retail Broking (Associate Vice President – Investment & Research), Jainam
Target: Rs 2400
Hyundai Motor India is showing a bullish recovery structure after a prolonged downtrend, with the stock forming higher highs and higher lows and reclaiming its key moving averages. The sharp breakout above the 2,050–2,100 zone has strengthened the trend, while the stock is now consolidating near 2,200–2,250, indicating healthy digestion of recent gains.
Himanshu Gupta, Head of Research - Retail Broking (Associate Vice President – Investment & Research), Jainam
5/5
Dixon Technologies - Buy
Stop-loss: Rs 14200
Target: Rs 16400
Dixon Technologies is showing a bullish technical structure, with the stock breaking above a falling trendline that had been capping the recent consolidation. The breakout is supported by a strong close at 14,489, indicating renewed buying interest and a potential shift from consolidation to the next leg of the uptrend.
Himanshu Gupta, Head of Research - Retail Broking (Associate Vice President – Investment & Research), Jainam
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Target: Rs 16400
Dixon Technologies is showing a bullish technical structure, with the stock breaking above a falling trendline that had been capping the recent consolidation. The breakout is supported by a strong close at 14,489, indicating renewed buying interest and a potential shift from consolidation to the next leg of the uptrend.
Himanshu Gupta, Head of Research - Retail Broking (Associate Vice President – Investment & Research), Jainam
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)