Market Trading Guide: Buy BPCL, Fortis Healthcare and 3 more stocks on Tuesday for up to 13% gains

India's headline indices Nifty and the BSE Sensex ended in the red on Monday witnessing their seventh consecutive loss led by selling pressure in auto, IT and pharma stocks. Nifty faced selling pressure near its 20-EMA on the hourly chart on Monday, ending the day at a weaker ground.
Commenting on the day’s action, Vatsal Bhuva, Technical Analyst at LKP Securities said that technical and derivative cues suggest Nifty likely trading in a short-term range of 24,500–24,850 with volatility and a sideways-to-bearish undertone. “Derivative data showed PUT writing at 24,600 and 24,500 strikes, highlighting immediate support zones, while CALL writing at 24,700 and 24,800 indicated resistance. A sustained move above its 50-day EMA is needed to turn bullish," De said.
Here are 5 stock recommendations for Tuesday:

Stop Loss: Rs 327.70
Target: Rs 358.50
Shares of Bharat Petroleum Corporation (BPCL) have registered a decisive breakout from a consolidation zone on the daily chart, closing with a strong bullish candlestick backed by volumes well above the 20-day average, signalling robust accumulation. The stock is trading firmly above its 20, 50, 100, and 200-day EMAs, reinforcing the strength of the prevailing uptrend. With the RSI at 65.69 and trending higher, momentum remains firmly bullish, indicating scope for further upside in the near term.
(Kunal Kamble, Senior Technical Research Analyst, Bonanza Portfolio)

Stop Loss: Rs 130
Target: Rs 142
MRPL has witnessed a decisive breakout from a consolidation zone on the daily chart, ending the session with a strong bullish candlestick supported by volumes well above the 20-day average, signalling healthy accumulation. The stock is trading comfortably above its 20, 50 and 100-day EMAs, reaffirming the strength of the ongoing uptrend. With the RSI at 61.47 and trending higher, momentum remains positive, indicating potential for further upside in the near term.
(Kunal Kamble, Senior Technical Research Analyst, Bonanza Portfolio)

Stop Loss: Rs 640
Target: Rs 720
The stock Ashapura Minechem has confirmed a cup and handle pattern breakout on the daily chart, signaling strong bullish momentum. The RSI at 70 along with a mild bullish divergence further supports the positive outlook, indicating strength in the ongoing trend. These technical signals suggest the possibility of further upside. Traders can consider buying the stock for a potential move towards the target of 720, while maintaining a stop-loss at 640 to manage risk effectively. The setup highlights a continuation of the prevailing uptrend.
(Vatsal Bhuva, Technical Analyst at LKP Securities)

Stop Loss: Rs 224
Target: Rs 278
The stock has given a cup and handle breakout on the monthly chart, indicating a bullish broader outlook. It has rebounded from its 20-day EMA, forming a bullish engulfing candlestick on the daily chart, which signals renewed buying interest. Moreover, the RSI on the daily chart is above 60, reflecting strong ongoing momentum and supporting the continuation of the uptrend.
(Vatsal Bhuva, Technical Analyst at LKP Securities)

Stop Loss: Rs 935
Target: Rs 1,011
The stock is in a strong uptrend, with the rising trendline acting as key support. During a minor correction, it found support near the 20-day EMA zone and closed strongly in Monday’s session, reflecting renewed buying interest. A hidden bullish divergence further signals the continuation of the ongoing uptrend, reinforcing the bullish outlook. Based on these technical cues, traders can consider buying the stock with a stop-loss placed at 935 to manage risk, aiming to capitalize on the potential continuation of the upward momentum.
(Vatsal Bhuva, Technical Analyst at LKP Securities)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)