Trade Spotlight: How should you trade Stylam Industries, Sandhar Technologies, Affle 3i, UPL, 360 ONE WAM, and others on December 24?

About this update from Stylam Industries Limited

Equity benchmark indices closed flat after a couple of days of rally, but market breadth remained healthy on December 23. About 1,651 shares gained compared to 1,197 shares, which were supported by bears, on the NSE. Overall, the trend remains positive despite consolidation, and closing above Tuesday’s high is crucial for further upside. Below are some short-term trading ideas to consider:Amol Athawale, VP Technical Research at Kotak SecuritiesLarsen & Toubro | CMP: Rs 4,058.8Over the last couple of weeks, L&T has been witnessing range-bound activity. However, the medium-term trend remains positive. On the daily charts, the stock is forming a series of higher highs and higher lows, indicating a further uptrend from the current levels.For trend-following traders, Rs 4,000 would act as a key support zone. Above this level, bullish momentum is likely to continue, with potential upside targets around Rs 4,250–4,260.Strategy: BuyTarget: Rs 4,250-4,260Stop-Loss: Rs 4,000Bajaj Finserv | CMP: Rs 2,047.6After a short-term correction, Bajaj Finserv is trading near the 200-day SMA (Simple Moving Average). Technically, short-term support is placed at the Rs 2,000 level. The short-term formation indicates a strong possibility of a fresh uptrend rally from the current levels.For positional traders, the Rs 2,000 level or the 200-day SMA would act as key support zones. Above these levels, the stock could move up to Rs 2,120–2,130. However, below Rs 2,000, the uptrend would become vulnerable.Strategy: BuyTarget: Rs 2,120, Rs 2,130Stop-Loss: Rs 2,000HDFC Life Insurance Company | CMP: Rs 763.95After a promising reversal formation, HDFC Life Insurance is witnessing range-bound activity near the 50-day SMA (Simple Moving Average). However, the short-term formation of the stock remains positive. Technically, on the daily charts, it has formed a double bottom pattern, indicating a strong possibility of a fresh uptrend rally from the current levels.Unless it trades below Rs 745, positional traders should retain an optimistic stance and look for a target of Rs 800. Fresh buying can be considered now and on dips, if any, between Rs 765 and Rs 755 levels, with a stop-loss below Rs 745.Strategy: BuyTarget: Rs 800Stop-Loss: Rs 745Nandish Shah, Senior Technical Research Analyst at HDFC SecuritiesCeat | CMP: Rs 3,903.2The primary trend of Ceat remains up, as it is trading above its 200...

View stock analysis, news, and events for Stylam Industries Limited