1 / 8Adani Power | Current Market Price: Rs 259.15 | YTD Gain: 159 percent | Technical view: The stock has the potential to rise up to Rs 325 with Rs 305 acting as the first resistance level. Meanwhile, it is seen drawing support from the Rs 238-level. (Kkunal Parar, Vice President-Research, Choice Broking)
2 / 8GMDC | Current Market Price: Rs 131.7 | YTD Gain: 78 percent | Technical View: The stock has been undergoing a slower pace of retracement over the past three months wherein it retraced about 62 percent of the preceding four months' rally. The stock is likely to consolidate in a range near Rs 125. The scrip is seen drawing support at Rs 120 and Rs 160 will act as the resistance level. (Dharmesh Shah, Head – Technical, ICICI Direct)
3 / 8Shree Renuka Sugars | Current Market Price: Rs 45.55 | YTD Gain: 52 percent | The support level for the share is Rs 38 while Rs 65 is the resistance level. One can buy Shree Renuka Sugars shares in limited quantity, considering it is a cyclical and high beta stock, with a strict stop loss target. (Arpan Shah, Senior Research Analyst, Monarch Networth Capital)
4 / 8Raymond | Current Market Price: Rs 871.85 | YTD Gain: 40 percent | Technical view: One could wait and watch to enter the stock at this level. The stock is seen taking support at Rs 830 and is likely to face resistance at Rs 930. (Kkunal Parar, Vice President-Research, Choice Broking)
5 / 8Great Eastern Shipping Company | Current Market Price: Rs 385.8 | YTD Gain: 29 percent | Technical View: Chart suggests a higher top higher bottom formation for Great Eastern Shipping Company's stock, which indicates a bullish trend. The stock will take support at Rs 360 and face resistance at Rs 450. (Arpan Shah, Senior Research Analyst, Monarch Networth Capital)
6 / 8Mahindra & Mahindra | Current Market Price: Rs 1,079.65 | YTD Gain: 29 percent | Technical View: The share price of M&M has been showing resilience in the current volatile market scenario and the scrip will gradually head towards Rs 1,200 in the coming months. The support level for the stock is at Rs 1,030 while it may face resistance at Rs 1,200. (Dharmesh Shah, Head – Technical, ICICI Direct)
7 / 8Adani Enterprises | Current Market Price: Rs 2,144.35 | YTD Gain: 26 percent | Technical View: The stock has managed to hold on to the 50-day moving average, highlighting its inherent strength. The scrip can eventually regain upward momentum and gradually challenge the all-time high of Rs 2,420 in the coming months. The stock is seen taking support at Rs 2,040 while Rs 2,400-2,520 is seen as the resistance territory. (Dharmesh Shah, Head – Technical, ICICI Direct)
8 / 8Coal India | Current Market Price: Rs 178.65 | YTD Gain: 26 percent | Technical View: | Coal India is a buy and hold stock which will offer a decent dividend. The scrip is seen gradually climbing higher towards Rs 230 with strong support at Rs 140. (Arpan Shah, Senior Research Analyst, Monarch Networth Capital)
