Trade Spotlight: How should you trade HCL Tech, Shree Cement, Asian Paints, Nykaa, Bharti Airtel, Samvardhana Motherson, and others on March 25?

FSN E-Commerce Ventures (Nykaa) recently consolidated in the Rs 163-168 zone, aligning with the R3 Camarilla monthly pivot, indicating strong bullish momentum. Additionally, a bullish divergence and a falling trendline breakout in the price action are evident, confirmed by the RSI (Relative Strength Index), which further supports the bullish outlook. This combination of technical signals reinforces the likelihood of an upward move, making it an attractive opportunity for traders. Traders may consider entering long positions in the Rs 171-174 zone, with an upside target of Rs 190.

Strategy: Buy

Target: Rs 190

Stop-Loss: Rs 164

HCL Technologies | CMP: Rs 1,604.15

HCL Technologies has formed a base near the support zone of Rs 1,505–1,515. Notably, the mentioned support zone aligns with S1 and S3 of the floor and Camarilla pivots, respectively. Additionally, the RSI on the daily scale has not entered the oversold region in the last 10–12 sessions, further confirming the bullish outlook. Traders may consider entering long positions in the Rs 1,590-1,605 zone, with an upside target of Rs 1,710.

Strategy: Buy

Target: Rs 1,710

Stop-Loss: Rs 1,510

Maruti Suzuki India | CMP: Rs 11,922.25

Maruti has formed a base near the support level of Rs 11,500. Notably, this support zone aligns with the S3 Camarilla pivot. Additionally, Rs 11,500 coincides with the previous breakout zone, further affirming our bullish view. Traders may consider entering long positions above Rs 11,900, with a target of Rs 12,650.

Strategy: Buy

Target: Rs 12,650

Stop-Loss: Rs 11,500

Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities

Samvardhana Motherson International April Futures | CMP: Rs 133.87

Samvardhana Motherson International: Samvardhana Motherson International is trading well above its 20-day VWAP (Volume Weighted Average Price) levels of Rs 128, and it has witnessed significant Call unwinding in the current series, causing the PCR (Put-Call Ratio) to improve to 0.84 levels. The maximum pain levels for the April series are at Rs 130, and it is trading above that level, which is also bullish. The stock has a substantial short buildup, so there is a high probability of short covering from hereon. Traders may consider buying this stock from the point of view of short covering.

Strategy: Buy

Target: Rs 143, Rs 147

Stop-Loss: Rs 128

Shree Cement April Futures | CMP: Rs 29,625

Shree Cement has provided a breakout from the sideways consolidation, and it has also witnessed long buildup again with this breakout, increasing the upside probability. The stock has a crucial support at Rs 28,300 levels on a closing basis, and it has a 20-day VWAP at Rs 28,115, which should hold in the near term. The stock has witnessed high Call unwinding in the current series, and there is no major call open interest until Rs 30,000 levels in this series as well as in the next series.

Strategy: Buy

Target: Rs 30,500, Rs 30,800

Stop-Loss: Rs 28,300

Asian Paints April Futures | CMP: Rs 2,321

Asian Paints also has huge short positions and is likely to bounce back due to short covering in the markets. The price has bounced back from the lows of Rs 2,150 approximately to Rs 2,335 levels; however, the open interest has not reduced much. There has been unwinding witnessed in the Rs 2,300 strike, and the stock is trading well above those levels. Hence, further unwinding can’t be ruled out. The stock is also trading above its 20-day VWAP and its maximum pain levels, so the probability of short covering is high, offering a good risk-to-reward ratio in the near term.

Strategy: Buy

Target: Rs 2,440, Rs 2,480

Stop-Loss: Rs 2,290

Anshul Jain, Head of Research at Lakshmishree Investments

Bharti Airtel | CMP: Rs 1718.8

Bharti Airtel is on the verge of breaking out from a 110-day-long bullish rectangle pattern at Rs 1,730. Volume trends suggest strong institutional accumulation, with rising volumes on up days and lower volumes on declines. Weekly momentum indicators, which were overheated at the start of the pattern, have now cooled off, setting the stage for a strong follow-through rally. A sustained move above Rs 1,730 could trigger a fresh momentum-driven uptrend, making the stock an attractive buy for the next leg of the breakout.

Strategy: Buy

Target: Rs 2,050

Stop-Loss: Rs 1,650

Bajaj Finserv | CMP: Rs 1,894.15

Bajaj Finserv is on the verge of breaking out from an 872-day-long Volatility Contraction Pattern (VCP). A failed breakout attempt earlier helped shake out weak hands, making the second attempt more potent. Volume trends throughout the base have remained ideal, with a breakout above Rs 1,920 likely to trigger strong volume expansion. With weak hands out and institutional interest building, a sustained move above this level could ignite a powerful rally, making Bajaj Finserv a stock to watch in the coming sessions.

Strategy: Buy

Target: Rs 2,050

Stop-Loss: Rs 1,850

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.