Trade Spotlight: These 3 stocks were in the headlines yesterday, now what should be their investment strategy next

For the second consecutive day in yesterday’s trading, weakness was seen in the Indian markets. Nifty was not able to sustain above 15800 while Sensex lost 200 points.

Yesterday saw purchases in healthcare, FMCG, and utilities. On the other hand, weakness was seen in metals, oil & gas, telecom, banks and auto stocks.

Sequent Scientific, Titagarh Wagons and Tata Tele were the stocks that made their new 52-week high. Tata Tele saw a growth of 5 percent in yesterday’s business. At the same time, Titagarh Wagons ran 6 percent while Sequent Scientific had seen an increase of 10 percent.

Chartviewindia.in’s Mazhar Mohamed’s opinion on these stocks

Sequent Scientific: Stay tuned

Mazhar Mohammad says that a new round of bullishness seems to be forming in this stock. Further in this stock we can see the level of Rs 365. For this, put a stop loss of Rs 290. If there is a fall, then new purchases can also be made in the stock. The zone of 308-300 will be good for new purchases.

Titagarh Wagon: Stay tuned

This stock is also seen in medium term uptrend. As long as the stock remains above Rs 62, there is a possibility of further gains. We can see the level of Rs 87 in this stock. Those who have this share are advised to stay in it. If any dip is found, fresh buy can also be done in it between Rs 72-67 with a stop loss of Rs 65.

Tata Tele Maha: Stay tuned

After 12 years of recession, this stock is once again seen in the bull market phase. After being underperformed for a long time, this stock has proved to be a multibagger and this stock has seen a jump of 20 times from the low of Rs 2 in March 2020.

Because this stock has seen a one-sided rally from Rs.2 to Rs.12. Therefore, the possibility of any correction in it cannot be ruled out. In a downtrend, new purchases can be made in this stock. Put a stop loss of Rs 35 in this stock. In this we can once again get to see its life time high of Rs 57.

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