Big movers on D-Street: What should investors do with TCS, Hindalco and Shipping Corp?
[hfe_template id='11223']
[ad_1]
Benchmark Sensex and Nifty closed marginally down in a volatile session on Thursday as investors booked profits in heavyweights ahead of quarterly results. Stocks that were in focus include names like TCS, which fell 0.18%, Hindalco, which gained 0.25%, and Shipping Corp, whose shares Jumped 20% on Thursday. Here's what Riyank Arora, Technical Analyst at Mehta equities, recommends investors should do with these stocks when the market resumes trading today. TCS The stock is trading significantly above its anchor VWAP support mark of 3900.00 on its daily time frame charts. With the stock making higher highs and remaining well above its immediate support level, it appears poised to reach the 4030.00 and 4050.00 levels. The RSI (14) around 51 indicates potential momentum in the upcoming sessions. We advise traders to maintain a strict stop loss at 3875.00, aiming for potential targets of 4030.00 and 4050.00. Hindalco The stock is trading ...