Market Trading Guide: Finolex Cables among 2 stock recommendations for Tuesday

Domestic equities ended higher, supported by positive Asian cues and a sharp drop in crude prices following improved traffic at the Strait of Hormuz, alongside growing expectations of an imminent India–US trade deal. Bond yields also sharply declined, supported by fresh capital inflows following the recent debt market policy reforms.

Here are two stock recommendations for Thursday

Finolex Cables - Buy | Buying Zone: Rs 570 | Stop-loss: Rs 524 | Target: Rs 660

Finolex Cables has exhibited a strong bullish setup as the stock has rebounded sharply from its recent consolidation and is approaching a crucial resistance zone near its previous swing high. The price is trading well above its key short-term, medium-term, and long-term moving averages, reflecting sustained buying interest and a strong underlying trend. The recent recovery has been supported by healthy price action, indicating fresh accumulation after a brief corrective phase.


Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio

Zydus Wellness - Buy | Buying Zone: Rs 1,180 | Stop-loss: Rs 1,114 | Target: Rs 1,297

Zydus Wellness has exhibited a strong bullish setup as the stock has delivered a decisive breakout above its long-term resistance zone, confirming the continuation of its primary uptrend. The price is trading above all key short-term, medium-term, and long-term moving averages, reflecting sustained buying interest and robust trend strength.

Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)