Market Trading Guide: Buy HCL Tech, India Cements and 3 More Stocks on Tuesday for Up to 8% Gains – Stock Ideas

Commenting on today’s Vatsal Bhuva, technical analyst at LKP Securities said today’s breakout highlights the strong hold of bulls on the index. “As long as the index remains above 58,000, where the 20-day EMA is positioned, it remains a buy-on-dip candidate. Immediate support is at 58,200, while potential resistance is expected around the 59,300 and 59,500 levels,” he said.

Here are 2 stock recommendations for Tuesday:

Stop loss: Rs 395
Target: Rs 430/445

India Cements has once again attempted to break above the key supply zone of Rs 410-Rs 415, supported by a strong bullish candle and healthy volume rise, indicating renewed momentum. The price is trading above all major moving averages and showing trend strength, while the RSI at 64.87 reflects improving momentum without being overbought. A sustained close above the resistance zone may open the way to higher levels with immediate support placed at the recent swing zone near Rs 395 to keep the structure intact
(Kunal Kamble, Senior Technical Research Analyst, Bonanza Portfolio)

Stop loss: Rs 449
Target: Rs 483

Vardhaman Textiles has registered a decisive resistance break with a strong close at Rs 460.25, gaining 1.65%, indicating renewed bullish strength after a period of consolidation. The price is firmly positioned above the major EMAs, reinforcing a robust upside structure, while the RSI at 67.26 reflects healthy momentum without extreme overbought conditions. A sustained move above the breakout zone could open the way for continued upside potential while immediate support around the Rs 445-Rs 450 region will keep the trend positive as long as this zone holds

(Kunal Kamble, Senior Technical Research Analyst, Bonanza Portfolio)

Stop loss: Rs 875
Target: Rs 960

After correcting from recent highs, the stock found support near the 10-day EMA on the daily chart, underscoring strong buying interest at lower levels. A hidden bullish divergence is also observed, pointing to underlying strength despite the pullback. This combination of price maintenance above major short-term averages and supportive momentum indicators signals a continuation of the prevailing uptrend. Overall, the situation indicates that the stock is likely to resume its upward momentum after a brief pause or consolidation phase

(Vatsal Bhuva, Technical Analyst at LKP Securities)

Stop loss: Rs 1,665
Target: Rs 1,660

The stock remains one of the key outperformers within the IT index, supported by a strong technical setup. A rounded base formation is visible on the chart, indicating a steady accumulation phase and the potential for further upside. The stock is holding well above its 20-day EMA and has also convincingly regained its 200-day EMA, reinforcing its bullish strength. Furthermore, the RSI is showing a bullish crossover, indicating improving momentum. Overall, the technical structure supports continued upside potential for the stock.
(Vatsal Bhuva, Technical Analyst at LKP Securities)

Stop Lost: Rs 559

Target: Rs 620

Buying interest in the stock emerged from key support levels, indicating strong demand at lower prices. During Monday’s session, the stock found support near the 20-day EMA, and new buying was seen from those levels. It is confidently holding above both the 20-day and 50-day EMAs, reflecting the strength of the ongoing trend. Moreover, the RSI is in a bullish crossover, indicating improving momentum. With this supportive technical setup, a further recovery of the stock towards the 620 levels is expected.

(Vatsal Bhuva, Technical Analyst at LKP Securities)

(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of Economic Times)