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Trade Spotlight: How should you trade Alembic, Huhtamaki, Delhivery, Voltas, Aarti Industries, and others on Tuesday?
Trade Spotlight: How should you trade Alembic, Huhtamaki, Delhivery, Voltas, Aarti Industries, and others on Tuesday?
About this update from Alembic Limited
The market closed on a flat note on August 19, following a volatile and rangebound session. The market breadth remained positive for another session, with approximately 1,784 shares advancing against 389 declining shares on the NSE. Experts suggest that consolidation may continue until the index decisively surpasses the 24,700-24,800 area, with 24,400-24,300 likely serving as the support zone. Here are some trading ideas for the near term:Anshul Jain, Head of Research at Lakshmishree Investments and SecuritiesAlembic | CMP: Rs 151.33After an impressive 30 percent rally, Alembic has quietly consolidated over the past 30 days, forming a solid base around its 20-day and 50-day moving averages. This consolidation phase has now given way to a bullish breakout at Rs 150, catching the attention of savvy investors. Currently trading at Rs 151, the stock looks poised for more upside, making it an attractive buy. With a stop-loss set just below Rs 140, the immediate target is Rs 190, offering a promising return. This breakout signals renewed momentum, and investors may want to consider riding this wave upward.Strategy: BuyTarget: Rs 190Stop-Loss: Rs 140Jayant Agro Organics | CMP: Rs 315Jayant Agro is attracting attention with a major breakout after an impressive 1,380-day consolidation on the daily chart. Following this long period of stability, the stock crafted a 30-day falling trendline pattern, forming a strong base-on-base setup. On Monday, Jayant Agro surged past Rs 315, signaling a fresh wave of bullish momentum. This breakout presents an exciting buying opportunity at Rs 315, with a stop-loss just below Rs 285. With a target of Rs 365, the stock offers a compelling upside. Investors looking for strong momentum and potential gains should consider jumping in as the stock gains traction.Strategy: BuyTarget: Rs 365Stop-Loss: Rs 285Huhtamaki India | CMP: Rs 439.5Huhtamaki has recently shattered its 30-day consolidation phase, surging past the flat base at Rs 439 with impressive volume. This dynamic breakout is not just a flash in the pan but a continuation of a major shift from a lengthy 1,600-day consolidation period. Currently, Huhtamaki is primed for a strong bullish move. Consider it a buy above Rs 445, with a strategic stop-loss set below Rs 400. The stock holds substantial upside potential, with a target of Rs 600 in the near term. If you're scouting for a...