Trade Spotlight | Astral, CAT and PI Industries have made strong earnings, now find out what the strategy should be for these stocks to move forward.

Astral and PI Industries emerged as the first and third largest gainers in the F&O segment in yesterday’s trade.

The benchmark indices were able to close above the Sensex-Nifty gains in yesterday’s trade due to good global and strong gains in all sectors. The BSE Sensex rose 470 points yesterday and closed at 57,900. The Nifty, on the other hand, rose nearly 150 points to 17,200.

In December 28 trading, the performance of small-medium stocks was stronger than that of giants. The Nifty Midcap Index closed 1.18 percent higher while the Smallcap Index closed 1.55 percent higher.

This multibagger penny stock has gone from Rs 1 lakh to Rs 65 lakh, let’s take a look

Astral and PI Industries were the first and third largest gainers in the F&O division in yesterday’s trade. Astral’s stock rose 4.7 percent to close at Rs 2,235.90 yesterday, while PI Industries rose 3.8 percent to close at 3,001.50. Along with this, Jubilant Industries was also active yesterday and rose by Rs 643.25. There was a height level circuit. Similarly, CEAT rose 11.67 per cent to Rs 1,214.20.

Let’s see what is the opinion of Mazhar Mohammad of about this stock

Star- The stock is showing signs of a breakout soon, with its initial target for a lifetime of 2,430. The higher target of Rs 2,610 will not be blown after that, but if the stock gives a closing above Rs 2,260, it would be advisable to buy a new one. Those who have this share should have it with a stop loss of Rs. 2140. Stay in this stock at the level of Rs 2,600 in the long run.

SeatsThis stock also seems to be about to expire. Position traders would be advised to adopt a dual strategy with Horizon during the multi-month period to buy some at current levels and then buy some in installments if available between 1170-1150. For this, set a stop loss of Rs 1060 and set a target of Rs 1400.

Jubilant Industries – Position traders will be advised to wait for the worse side of this stock for new purchases. Buy a new one in just two installments if it falls between 600 – 550 rupees Keep a stop loss at Rs 536 for this. A target of Rs 740 can be seen in this stock.

PI Industries- This stock is also showing signs of recovery. Soon it could see us go to the Rs 3,400 level. Those who hold this stock should keep it with a stop loss of Rs. 2900.

Show More

Related Articles

Leave a Reply

Back to top button