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HinduBusinessLine

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Movers & Shakers: Stocks that will see action this week

  • Stock of Nava has been gaining for three consecutive weeks, showing strong upward momentum, with a chance for a temporary price drop and a support level at ₹500-520.
  • Nava's stock may rise to ₹660, recommended to buy at ₹550, accumulate at ₹520, with stop-loss at ₹480, trailing to ₹550 at ₹600, then to ₹600 at ₹630, liquidate at ₹660.
  • Oil India's stock has been on an uptrend since early April, with a potential softening to ₹450 before rallying to ₹600, advised buying at ₹475 and ₹450, stop-loss at ₹400, revised to ₹470 at ₹520, then to ₹520 at ₹570, exit at ₹600.
  • RHI Magnesita stock has formed a higher base after rebounding twice from the ₹430-435 support band, breaking resistance at ₹475, signaling further positive movement.
  • The stock may encounter a hurdle at ₹525 but is expected to surpass and reach ₹700 in the medium term, advised to go long at ₹500 and add at ₹475, stop-loss at ₹420, adjusting to ₹550 at ₹600, then to ₹600 at ₹650, book profits at ₹700.

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