Market Trading Guide: Tata Steel among 5 stocks to buy on Tuesday for healthy returns

Indian equities opened the week on a firm footing, supported by better than estimated Q2 earnings and improving domestic cues. Domestic macro indicators provided an additional boost to sentiment with October passenger-vehicle sales growth reflecting healthy festive demand, while gross GST collections increased, reinforcing the resilience of domestic consumption and economic activity.

Here are 5 stock recommendations for Tuesday

Buy Tata Steel at Rs 177.4 | Stop loss: Rs 170 | Target: Rs 193

Tata Steel has shown a positive technical setup on the daily chart after breaking above its previous consolidation range. The stock has formed a Bullish Marubozu candle and closed strongly, indicating firm buying interest and the possibility of further upside. The close above the 20-day EMA further supports the improvement in the short-term price structure.


Sachin Gupta, VP – Research, Choice Equity Broking

Buy FACT at Rs 704 | Stop loss: Rs 665 | Target: Rs 780

FACT has shown signs of a potential recovery on the daily chart after taking support near a key horizontal support zone. The stock has rebounded from the lower Bollinger Band, indicating buying interest at lower levels and the possibility of a short-term upward move. The recovery is supported by a significant increase in trading volume compared to previous sessions, suggesting improved participation from buyers.

Sachin Gupta, VP – Research, Choice Equity Broking

Buy Ujjivan SFB at Rs 56.15 | Stop loss: Rs 53.15 | Target: Rs 62

Ujjivan SFB has shown signs of a potential recovery on the daily chart after taking support near its rising trendline. The stock has formed a strong bullish candle from this support zone, indicating buying interest at lower levels and the possibility of a short-term upward move. The RSI stands at 39.88, reflecting relatively weak momentum, but a sustained recovery from the trendline could support further improvement in buying strength.

Sachin Gupta, VP – Research, Choice Equity Broking

Buy Tata Communications at Rs 1745-1750 | Stop loss: Rs 1675 | Target: Rs 1884

Tata Communications is showing a positive recovery, closing at Rs 1,748.1, up 4.34% for the session, with a strong bullish candle indicating renewed buying interest. The stock is trading around its moving averages, suggesting improving momentum after recent consolidation. RSI is recovering toward the 60 zone, indicating strengthening bullish momentum without being clearly overbought.

Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio

Buy AB Capital at Rs 378-379 | Stop loss: Rs 362 | Target: Rs 408

AB Capital is showing a strong recovery, closing at Rs 378.3, up 2.4%, with a sharp rebound from recent lows indicating renewed buying interest. The stock has moved back above its long-term moving average and is testing the short-term moving average, suggesting improving momentum.

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.