According to the article from Investing.com India, there are potential trading opportunities in four stocks: Reliance Industries, Bajaj Finance, Tech Mahindra, and Asian Paints. The article provides technical analysis and trends to spot buying opportunities in these stocks.
Reliance Industries is expected to strengthen after a consolidation phase, as its stock price has formed a bullish engulfing pattern. This pattern suggests a potential upswing. Similarly, Bajaj Finance’s stock price is expected to rebound, as it has formed a bullish hammer pattern, which indicates a potential reversal.
Tech Mahindra’s stock price has been trending downwards, but it is expected to find support around a historical low and may rebound if it is successfully defended. Asian Paints’ stock price is expected to break out of its horizontal resistance, potentially leading to a new upleg.
The article recommends buying Reliance Industries, Bajaj Finance, and Asian Paints, while taking a cautious approach to Tech Mahindra. Traders are advised to monitor the stocks’ price movements closely and be prepared to adjust their positions accordingly.