Market Trading Guide: JM Financial, IDFC First Bank among 5 stock recommendations for Thursday
1/6
Stock Ideas
The relief rally lost steam on Wednesday with profit booking at higher levels, followed by a rebound in oil prices. Elevated global bond yields remain a key overhang, limiting the scope for sustained risk-taking. Analysts say the overall market tone remains cautious as investors monitor the trajectory of crude oil prices, bond yields, inflation expectations, and potential implications for global monetary policy.
Here are 5 stock recommendations for Thursday
Here are 5 stock recommendations for Thursday
2/6
JM Financial - Buy: 129
Stop-loss: Rs 123
Target: Rs 141
JM Financial is shaping up for an upside breakout from its multi-week accumulation range, currently changing hands at a market price of 129 after rebounding crisply off the 124 support base. The 14- period RSI has advanced to 55.10, crossing decisively above its signal line to indicate strengthening bullish momentum and rising accumulation interest.
Sachin Gupta, VP – Technical Research at Choice Equity Broking
Target: Rs 141
JM Financial is shaping up for an upside breakout from its multi-week accumulation range, currently changing hands at a market price of 129 after rebounding crisply off the 124 support base. The 14- period RSI has advanced to 55.10, crossing decisively above its signal line to indicate strengthening bullish momentum and rising accumulation interest.
Sachin Gupta, VP – Technical Research at Choice Equity Broking
3/6
IDFC First Bank - Buy: 81.4
Stop-loss: Rs 77
Target: Rs 90
IDFC First Bank is demonstrating an initial bounce from its primary trend support, currently quoted at a market price of 81.4 after finding aggressive buying interest near the 79–80 region. The 14-period RSI has curled upward from oversold territory to 40.97, angling toward its signal line to indicate that downward pressure is abating as buyers begin to step back in.
Sachin Gupta, VP – Technical Research at Choice Equity Broking
Target: Rs 90
IDFC First Bank is demonstrating an initial bounce from its primary trend support, currently quoted at a market price of 81.4 after finding aggressive buying interest near the 79–80 region. The 14-period RSI has curled upward from oversold territory to 40.97, angling toward its signal line to indicate that downward pressure is abating as buyers begin to step back in.
Sachin Gupta, VP – Technical Research at Choice Equity Broking
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4/6
Clean Science - Buy: 794
Stop-loss: Rs 757
Target: Rs 868
Clean Science is staging a sharp relief rebound on the daily chart, currently trading at a market price of 794 after aggressively defending support around the 775 zone. The 14-period RSI has hooked up firmly from near-oversold territory to 43.20, starting to converge back toward its signal line to reflect subsiding selling pressure and early bargain hunting.
Sachin Gupta, VP – Technical Research at Choice Equity Broking
Target: Rs 868
Clean Science is staging a sharp relief rebound on the daily chart, currently trading at a market price of 794 after aggressively defending support around the 775 zone. The 14-period RSI has hooked up firmly from near-oversold territory to 43.20, starting to converge back toward its signal line to reflect subsiding selling pressure and early bargain hunting.
Sachin Gupta, VP – Technical Research at Choice Equity Broking
5/6
City Union Bank - Buy: 224-227
Stop-loss: Rs 216
Target: Rs 243
Price is trading above both the 50 EMA and 200 EMA, keeping the overall structure positive. The latest candle shows strong buying momentum with a healthy rise in price. Volume has also picked up, supporting the current upward move. The stock is holding well around the 220–225 zone after recent consolidation. Sustained strength above the recent range can keep the positive momentum intact.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
Target: Rs 243
Price is trading above both the 50 EMA and 200 EMA, keeping the overall structure positive. The latest candle shows strong buying momentum with a healthy rise in price. Volume has also picked up, supporting the current upward move. The stock is holding well around the 220–225 zone after recent consolidation. Sustained strength above the recent range can keep the positive momentum intact.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
6/6
BEML - Buy: 1990-1995
Stop-loss: Rs 1912
Target: Rs 2150
Price is trading comfortably above the 200 EMA, keeping the broader trend positive. The recent pullback has found support near the 50 EMA zone. The latest candle shows a recovery with buying interest returning around Rs 1,990. The stock continues to maintain higher levels after its strong September move. Sustained strength above the Rs 2,000 zone can keep the positive momentum intact.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclosures here.
Target: Rs 2150
Price is trading comfortably above the 200 EMA, keeping the broader trend positive. The recent pullback has found support near the 50 EMA zone. The latest candle shows a recovery with buying interest returning around Rs 1,990. The stock continues to maintain higher levels after its strong September move. Sustained strength above the Rs 2,000 zone can keep the positive momentum intact.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclosures here.