Market Trading Guide: MTAR Tech, Zota Health among 4 stock recommendations for Wednesday
1/5
Stock Ideas
Benchmark indices witnessed significant selling pressure on Tuesday, with both the Sensex and Nifty registering sharp declines amid broad-based profit booking. Analysts expect the index to maintain positive bias and gradually head higher towards 25,200–25,300 levels in the near term, being the 78.6% retracement of the entire decline.
Here are four stock recommendations for Wednesday
Here are four stock recommendations for Wednesday
2/5
Buy FIEM Industries at Rs 1,592
Target: Rs 1,666
Stop loss: Rs 1,556
On the daily timeframe, FIEM Industries has successfully broken above a falling trend line, marked by a strong bullish candlestick with a small upper wick indicating confident buying interest near the day’s high. The breakout was supported by above-average volume over the last 20 sessions, underscoring strong market participation.
Wahid Ansari, Technical Research Analyst at Bonanza
Stop loss: Rs 1,556
On the daily timeframe, FIEM Industries has successfully broken above a falling trend line, marked by a strong bullish candlestick with a small upper wick indicating confident buying interest near the day’s high. The breakout was supported by above-average volume over the last 20 sessions, underscoring strong market participation.
Wahid Ansari, Technical Research Analyst at Bonanza
3/5
Buy Zota Health Care at Rs 940
Target: Rs 980
Stop loss: Rs 920
On the daily timeframe, Zota Health Care has successfully broken out of a consolidation range that had held since April 16, 2025. The stock witnessed strong buying interest emerging from lower levels, confirmed by a bullish candlestick formation with a minimal upper wick reflecting sustained demand throughout the session. This breakout was accompanied by above-average volume over the past 20 days, adding conviction to the move.
Wahid Ansari, Technical Research Analyst at Bonanza
Stop loss: Rs 920
On the daily timeframe, Zota Health Care has successfully broken out of a consolidation range that had held since April 16, 2025. The stock witnessed strong buying interest emerging from lower levels, confirmed by a bullish candlestick formation with a minimal upper wick reflecting sustained demand throughout the session. This breakout was accompanied by above-average volume over the past 20 days, adding conviction to the move.
Wahid Ansari, Technical Research Analyst at Bonanza
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4/5
Buy Ujjivan SFB at Rs 44
Target: Rs 49
Stop loss: Rs 41
The minor down trend of the last couple of weeks seems to have reversed up. We observe a formation of a crucial higher bottom reversal pattern at Rs 40. The stock price is in an attempt of moving above the hurdle previous swing high at Rs 45. Volume has started to expand during upside breakout in the stock price and RSI shows positive indication.
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
Stop loss: Rs 41
The minor down trend of the last couple of weeks seems to have reversed up. We observe a formation of a crucial higher bottom reversal pattern at Rs 40. The stock price is in an attempt of moving above the hurdle previous swing high at Rs 45. Volume has started to expand during upside breakout in the stock price and RSI shows positive indication.
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
5/5
Buy MTAR Technologies at Rs 1,500
Target: Rs 1,625
Stop loss: Rs 1,430
The stock price is in a strong upside momentum over the last few weeks. We observe bullish patterns like higher tops and bottoms over the period of time. Currently, the stock price in an attempt of upside breakout of the crucial hurdle as per change in polarity around Rs 1,520 levels. Volume and RSI patterns are indicating positive bias for the stock price ahead.
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Stop loss: Rs 1,430
The stock price is in a strong upside momentum over the last few weeks. We observe bullish patterns like higher tops and bottoms over the period of time. Currently, the stock price in an attempt of upside breakout of the crucial hurdle as per change in polarity around Rs 1,520 levels. Volume and RSI patterns are indicating positive bias for the stock price ahead.
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)