Raghav Productivity Enhancers (RPEL)
Buy RPEL in Cash ₹948 | Stop-loss: ₹897 | Target: ₹1,015
Technically, the stock is trading comfortably above all its key moving averages, which reflects strong underlying strength in the broader trend. The recent surge in price accompanied by a noticeable spike in volume further confirms aggressive accumulation at lower levels.
The short-term trend remains positive as long as the stock sustains above the ₹897 zone, which will act as an important support and stop-loss level. Any dip towards support levels may continue to attract fresh buying interest.
If RPEL manages to hold above support zone, the ongoing momentum could push the stock towards the ₹1,015 mark in the near term. Volume behaviour will remain crucial for continuation of the breakout move.
Ingersoll-Rand (India) (INGERRAND)
Buy INGERRAND in Cash ₹4,477 | Stop-loss: ₹4,260 | Target: ₹4,800
Technically, the breakout gains additional strength as it occurred near the 50-day EMA zone, from where the stock witnessed a solid rebound. The stock is now trading above all major moving averages, reflecting improvement in both short-term and medium-term trend structure.
The overall chart pattern continues to display a healthy higher high–higher low formation, which suggests sustained bullish momentum and continued buying support at lower levels.
The ₹4,260 level will now act as a crucial support and stop-loss zone. As long as the stock sustains above this level, the breakout structure remains intact. A sustained move above current levels could drive the stock towards the ₹4,800 target in the coming sessions.
Yatharth Hospital & Trauma Care Services (YATHARTH)
Buy YATHARTH in Cash ₹862 | Stop-loss ₹816 | Target: ₹935
The rebound from the moving average support indicates that the broader uptrend remains firmly intact. Technically, the stock is once again trading close to its lifetime high levels, suggesting continued strength and strong momentum in the ongoing trend.
The overall chart structure remains positive with consistent higher highs and higher lows, while price action above key moving averages further strengthens the bullish outlook. Buy-on-dips continues to remain the preferred strategy for this counter. The ₹816 zone, which coincides with the 50-day EMA support, should be considered as the important stop-loss level. If momentum sustains, the stock has the potential to move towards the ₹935 target, projected through Fibonacci extension levels.
=============== (Disclaimer: This article is by Aakash Shah, technical analyst, Choice Broking. Views expressed are his own.)