Trade Spotlight: How should you trade HDFC AMC, Raymond, Exide, Bajel Projects, and others on Wednesday?

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26 Aug, 2025 12:21

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The market clocked nearly one percent gains and reported a fresh all-time closing high on June 25, despite negative breadth. About 1,317 shares declined, and 993 shares advanced on the NSE. Given the decisive consolidation breakout, bulls are likely to take the Nifty to the 23,800-24,000 zone soon, with support at 23,500. Here are some trading ideas for the near term:

Om Mehra, Technical Analyst at Samco Securities

Can Fin Homes | CMP: Rs 899.6

After forming a soccer pattern on the daily chart, Can Fin Homes underwent a pullback, revisiting its prior support level. Currently, the Relative Strength Index (RSI) stands at 72. There is a significant increase in volumes accompanied by upward price movement. Hence, based on the above technical structure, one can initiate a long position at CMP.

Strategy: Buy

Target: Rs 1,000

Stop-Loss: Rs 850

HDFC Asset Management Company | CMP: Rs 4,113.6

HDFC AMC has been consolidating within a broad range, but over the previous two sessions, there has been a significant rise in price with strong volumes. It is currently trading above its 20-day moving average (DMA). The stock is sustaining above the critical resistance zone of Rs 4,070, indicating potential for further upward movement. Hence, based on the above technical structure, one can initiate a long position at CMP.

Strategy: Buy

Target: Rs 4,400

Stop-Loss: Rs 3,920

Lemon Tree Hotels | CMP: Rs 150.74

Lemon Tree Hotels is forming higher highs and higher lows, indicating a sustained uptrend. It is placed well above its short-term (20-day) moving averages. The RSI comfortably holds at 59. Moreover, a noticeable volume increase accompanies the price rise, further confirming the bullish outlook. Hence, based on the above technical structure, one can initiate a long position at CMP.

Strategy: Buy

Target: Rs 162

Stop-Loss: Rs 144

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

Exide Industries | CMP: Rs 579.65

In the previous session, Exide Industries made a fresh record high of Rs 620.35 levels and closed with a gain of 1.01 percent. On the daily chart, since June 5, not a single candle has closed near the mid bands; every candle has closed near the upper bands in the Bollinger Bands, suggesting strength in the ongoing trend. Additionally, the KST (Know Sure Thing) has turned above the signal line and is also trading above the zero line, suggesting that good momentum is likely to continue in this stock. In short, the trend for Exide Industries is bullish. Use dips as a buying opportunity.

Strategy: Buy

Target: Rs 605, Rs 620

Stop-Loss: Rs 565

Raymond | CMP: Rs 2,779.4

Raymond formed a large bullish candle in the previous session with huge volumes, closing with a significant gain of 6.46 percent. On the daily chart, for the past three sessions, not a single candle has closed below the previous day’s low, which keeps the short-term trend on the positive side as long as we do not see a close below the previous day’s low. Additionally, prices gave a breakout of the upper end of the Bollinger Bands. In short, the trend for this stock is positive. For a better risk-reward ratio, buying on dips looks like a prudent strategy.

Strategy: Buy

Target: Rs 2,900

Stop-Loss: Rs 2,620

Craftsman Automation | CMP: Rs 5,463.8

Craftsman Automation has been moving higher recently and is in a strong uptrend. In the previous session, it closed with a massive gain of 13.1 percent. On the daily chart, prices formed a bullish candle in the previous session. A daily close above the Rs 5,515 level will confirm a breakout of the rounding bottom pattern. The ADX (Average Directional Index) is supporting the trend as it is showing readings of 30, which is above 25, suggesting the trend has started. In short, the trend for this stock is positive. Use dips towards Rs 5,370-5,430 as a buying opportunity for a move towards Rs 5,950-6,000 levels as long as Rs 5,150 holds on the downside.

Strategy: Buy

Target: Rs 5,950, Rs 6,000

Stop-Loss: Rs 5,150

Riyank Arora, Technical Analyst at Mehta Equities

Apollo Tyres | CMP: Rs 519.25

Apollo Tyres has given a strong breakout above its trendline resistance mark of Rs 507 and successfully closed above it. The RSI (14) on daily charts has crossed above the 65 mark, indicating strong momentum. Volumes in Tuesday's session were almost twice its 30-day average traded volume, further indicating strong momentum. A strict stop-loss should be set at Rs 495 for a potential target of Rs 550 and above.

Strategy: Buy

Target: Rs 550

Stop-Loss: Rs 495

Granules India | CMP: Rs 487.8

Granules has successfully re-tested its breakout mark of Rs 485.95 and is holding well above it. Volumes in Tuesday's trading session were nearly equivalent to its 30-day average traded volume. The RSI (14) near the 65 mark shows strong momentum, indicating potential for an upside target of Rs 520 and above. A stop-loss should be set at Rs 480 to manage risk well.

Strategy: Buy

Target: Rs 520

Stop-Loss: Rs 480

Bajel Projects | CMP: Rs 304.35

Bajel Projects has successfully re-tested its breakout mark of Rs 296 and is holding well above it. The RSI (14) on daily charts is around 63.14, showing strong momentum. We maintain a strong buy on the stock with a strict stop-loss at Rs 290 for a potential upside target of Rs 330 and above. Volumes in Tuesday's trading session were equivalent to its 30-day average trading volume.

Strategy: Buy

Target: Rs 330

Stop-Loss: Rs 290

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.