Stocks in News today - 18 Feb 2025
Technical Analysis of , L, and
Indian benchmark indices managed to rebound from early cuts to settle flat on Monday amid muted Q3 earnings and persistent FII selling. Weak rupee and tariff tantrums are also adding to the investors' caution. BSE Sensex added 57.65 points, or 0.08 per cent, to end the session at 75,996.86. NSE's Nifty50 gained 30.25 points, or 0.13 per cent, to settle at 22,959.50 for the day.
Identifying Buying Opportunities in the Capital Goods Sector
Considering the technical signals, a buying opportunity is suggested for ABB India within the Rs 5,000-5,200 range, with a target of Rs 6,000 and a stop-loss below Rs 4,650 on a daily closing basis. For BHEL, a buying opportunity is suggested in the Rs 190-193 range, targeting a move towards Rs 222, with a stop-loss below Rs 176 on a daily closing basis. Cummins India is also an attractive buying opportunity within the Rs 2,675-2,735 range, targeting a move towards Rs 3,000, with a stop-loss below Rs 2,550 on a daily closing basis.
Risk Management Strategies for Trading These Buzzing Stocks
This strategic approach combines harmonic pattern recognition, momentum analysis, and support/resistance levels to enhance the potential for successful trade setups. By managing risk effectively through well-placed stop-losses, traders can navigate the volatility in these buzzing capital goods stocks.
Note : Make sure to follow risk management and position sizing at all times
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