Investors are eyeing promising picks as markets brace for a wave of Q2 earnings releases today, with companies like Adani Power, Bharti Airtel, Sun Pharmaceutical Industries, Ambuja Cements, Punjab National Bank, BHEL, Federal Bank, IOC, and Motilal Oswal expected to release their financial reports.
Technical and trading insights suggest a focus on specific stocks showing positive technical setups, indicating potential upward trends.
Also read: Market Outlook and Trade Setup for October 28: Nifty and Bank Nifty
Key Stock Picks for Today
- Yatharth Hospital & Trauma Care Services
Current Price: Rs 649.65
Target Price: Rs 690
Stop Loss: Rs 625
Yatharth Hospital stock has demonstrated robust momentum, supported by a recent breakout above Rs 628. Trading at an all-time high of Rs 667.2, the stock remains above critical moving averages (20, 50, and 200 Day EMAs). A steady RSI at 63.98 further supports a bullish outlook. Investors could consider a buy position with a stop loss at Rs 625 for an expected rise to Rs 690. - Thermax Limited
Current Price: Rs 5,431.15
Target Price: Rs 5,750
Stop Loss: Rs 5,222
Thermax has shown a decisive breakout on the daily chart, signaling a strong upward trajectory with increasing trading volumes. Key indicators like the RSI align with Thermax trading above critical moving averages, underscoring sustained strength in its price action. A buy position could yield a target of Rs 5,750, with a stop loss set at Rs 5,222. - Torrent Pharmaceuticals
Current Price: Rs 3,433
Target Price: Rs 3,600
Stop Loss: Rs 3,375
A short-term bullish reversal in Torrent Pharma has surfaced, supported by solid price support around Rs 3,375. With the current trading price at Rs 3,433, a bullish outlook suggests a potential upswing towards Rs 3,600. Investors could take advantage of this trend, setting a stop loss at Rs 3,375. - ICICI Bank
Current Price: Rs 1,260
Target Price: Rs 1,310
Stop Loss: Rs 1,230
ICICI Bank’s technical analysis points to a bullish reversal with an anticipated rise towards Rs 1,310. The stock holds support at Rs 1,230, making it an appealing option for traders looking for a short-term investment opportunity. A buy position with a target of Rs 1,310 and a stop loss at Rs 1,230 could be favorable. - Bharat Electronics Ltd (BEL)
Current Price: Rs 275
Target Price: Rs 290
Stop Loss: Rs 265
BEL stock reflects a bullish pattern with support at Rs 265. Currently trading at Rs 275, the stock is anticipated to reach Rs 290, reinforcing a short-term buying outlook. Investors are advised to set a stop loss at Rs 265 to safeguard against downside risks.
As these Q2 results unfold, market analysts will monitor their impact closely, keeping a watchful eye on the momentum shifts and stock behaviors across sectors.
All investment decisions should be made carefully, considering individual risk tolerance and investment objectives. SMJ and its authors bear no responsibility for any financial loss arising from the use of information in this article. Always consult with a licensed financial advisor before making any investment decisions.
