“After this extended consolidation phase, Asian Paints stock has recently demonstrated renewed bullish momentum by surpassing its 200-day DEMA and breaking through the key resistance level of 3050. Traders can buy for a target of Rs 3400 in the next 6-7 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

Why technical analysts are turning bullish on this paint stock in BSE Sensex index

The Securities and Exchange Board of India (SEBI) on Tuesday evening proposed raising the minimum trading amount for index options by over three times, reducing the number of contracts expiring each week and hiking margins. Shares of Angel One, 5Paisa Capital, SMC Global Securities, Motilal Oswal, Geojit Financial, Dolat Algotech and IIFL Securities fell between 1%-5%.

Shares of Angel One, 5Paisa Capital, SMC Global, Motilal Oswal and other brokerages fall as Sebi proposes curbs on options

SMC Global Securities consolidated net profit rises 76.64% in the June 2024 quarter

“Tata Consumer stock has been fluctuating in the broader range of 1050-1175 zone with prices holding well above its 200-days exponential moving average (EMA) on daily and weekly time frame for the last 4-5 months. Traders can buy for a target of Rs 1360,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

Stock Radar | Breakout above inverted Head & Shoulder pattern seen in Tata Consumer; time to buy?

“The stock witnessed a fresh breakout above the Inverted Head & Shoulder pattern on short-term charts. Traders can buy for a target of Rs 278 in the next 1-2 months,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

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Stock Radar | HOEC breaks out after 4-month consolidation; time to buy?

“Godrej Consumer stock has been consolidating within a range of 1150-1300 levels, with prices consistently staying above its 200-day exponential moving average on daily and weekly charts. Traders can buy for a target of Rs 1550,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

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Godrej Consumer stays above 200-EMA on daily charts; likely to hit 1500: Shitij Gandhi

Citi downgrades MGL on regulatory margin risk.

Get all your stock-related queries answered by our technical and fundamental guests with Alex Mathew on Ask Profit. #NDTVProfitLive 

Guest:
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Founder, The Street 

Saurabh Jain,
Equity Head-Research, SMC Global Securities 

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Mahanagar Gas In Focus | Ask Profit | NDTV Profit

“From the last almost one year Indus Tower stock has been consolidating in a broader range of 135-210 and sustaining below its 200-Days exponential moving average on weekly charts. Traders can buy for a target of Rs 280,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.


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Stock Radar: Should you buy? Indus Tower reclaims 200-Days EMA on weekly charts | Shitij Gandhi

- Varun Beverages has gained after announcing plans to acquire 100% stake in South Africa's Bevco.
- Nifty IT and FMCG have gained more than 1% in trade today, is now a good time to invest?

Get all your stock-related queries answered by our technical and fundamental guests SMC Global Securities' Saurabh Jain and IDBI Cap's Brijesh Ail with Alex Mathew and Smriti Choudhary on Ask Profit. #NDTVProfitLive 

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Ask Profit | Varun Beverages Jumps Nearly 11%  | NDTV Profit

#BajajFinance fell before recovering in trade after RBI action; What should you do?

SMC Global Securities' Saurabh Jain and Centrum Broking's Nilesh Jain share their insight and answer all your stock-related queries. #BQLive  

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#AskBQ: Bajaj Finance Is Under RBI Lens; Where Is Stock Headed? | BQ Prime

"Bharat Forge stock has given a fresh breakout above the key resistance level of 900 level and risen sharply thereon towards its 52-week high levels, with rise in volumes as well. Traders can buy for a target of Rs 1120 in the next 5-7 weeks," Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.


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Stock Radar: Bharat Forge looking attractive post breakout from Cup & Handle pattern

Hasn't fared well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

SMC Global Securities is diversified financial services company engaged in broking, distribution and trading of financial products.