Top Trading Ideas: JSW Infrastructure, Dabur, RITES, APL Apollo Tubes, and More

Market Analysis and Trading Strategies

The Indian stock market has shown resilience, bouncing back after a brief downturn. With improving market breadth and a potential repo rate cut on the horizon, investors are looking for promising stocks to add to their portfolios. Here are some top trading ideas from experts:

JSW Infrastructure: A Bullish Outlook

JSW Infrastructure has broken out of a descending triangle pattern on daily charts, with a positive crossover on momentum indicators, signaling a buy signal. Experts recommend a buy strategy with a target of Rs306 and Rs315, and a stop-loss at Rs286.

Dabur India: Poised for Growth

Dabur has broken out of a triangle pattern on the upside, with expanding Bollinger Bands and rising volume, indicating positive momentum. The recommended strategy is to buy with a target of Rs519 and a stop-loss at Rs483.

RITES: A Strong Performer in the Railway Sector

RITES has given a bullish pennant pattern breakout on a daily scale, with volume above the 50-day average. The stock is firmly above its short-term and long-term moving averages, indicating sustained bullish momentum. Experts suggest accumulating the stock with a target of Rs315 and a stop-loss at Rs286.

APL Apollo Tubes: A Breakout Opportunity

APL Apollo Tubes has marked a sequence of higher tops and higher bottoms, with a consolidation breakout on a daily scale. The stock shows strong bullish momentum, with experts recommending accumulation in the zone of Rs1,900–1,880 with a target of Rs2,050 and a stop-loss at Rs1,830.

More Trading Ideas

Other stocks with potential include:

• Lloyds Metals and Energy: Buy with a target of Rs1,600 and a stop-loss at Rs1,450
• PB Fintech: Buy with a target of Rs1,950 and a stop-loss below Rs1,784
• Container Corporation of India: Buy with a target of Rs860 and a stop-loss below Rs774
• Sobha: Buy with a target of Rs1,700 and a stop-loss below Rs1,449

Conclusion and Future Outlook

The Indian stock market is expected to continue its positive momentum, driven by improving market breadth and potential economic growth. Investors should keep a close eye on these stocks and consider their trading strategies carefully.