Trade Spotlight: How should you trade Hero MotoCorp, PB Fintech, Birlasoft, HDFC Bank, CG Power and others on Wednesday?

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26 Aug, 2025 12:21

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The benchmark indices hit a new closing high despite volatility on September 17, ending the session with moderate gains despite negative breadth. About 1,515 shares declined, and 946 shares advanced on the NSE. The Nifty 50 is expected to consolidate before starting a new leg of upmove. Below are some trading ideas for the near term:

On the daily chart, Hero MotoCorp has broken out of a rounding bottom formation accompanied by increased volume, signaling a new wave of buying interest in the stock. Additionally, prices made a fresh high and closed above the previous day's high, suggesting growing bullish momentum. Currently, prices are trading near the upper Bollinger Band, and a decisive breakout could accelerate positive momentum. The KST (Know Sure Thing) indicator has recently crossed the zero line, moving upwards, indicating increasing strength in the trend. Overall, the sentiment for Hero MotoCorp is bullish. Use a buy-on-dips strategy.

Strategy: Buy

Target: Rs 6,450

Stop-Loss: Rs 5,720

In the previous session, PB Fintech witnessed a 2.85 percent rally, despite the muted market performance. The stock has made a lifetime high of Rs 1,871.4. It has been in a strong uptrend and is trading at the upper end of the Keltner channel on the daily chart. Prices are about to give a breakout from this channel, which could lead to good momentum. Along with this, the MACD (Moving Average Convergence Divergence) has shown a bullish crossover, but follow-up action is needed for confirmation. The trend for PB Fintech remains bullish. A breach above Rs 1,875 can lift the price towards Rs 2,000, as long as Rs 1,770 holds on the downside.

Strategy: Buy

Target: Rs 2,000

Stop-Loss: Rs 1,770

Century Plyboards showed a sharp rally of 10.4 percent in the previous session in a single trading day. The stock has formed a rounding bottom pattern and closed above Rs 850, confirming a breakout of the said pattern. On the daily chart, the ADX (Average Directional Index) is suggesting strong momentum with a reading of 58.17, well above 25. For now, a buy-on-dips approach is advised to ride the trend. The trend for Century Plyboards is bullish, and dips towards Rs 865–875 can be used as buying opportunities for a move towards Rs 960–970, as long as Rs 835 holds on the downside.

Strategy: Buy

Target: Rs 960, Rs 970

Stop-Loss: Rs 835

Birlasoft is showing strong support at the anchor VWAP (Volume Weighted Average Price) level of Rs 625, with additional support below at Rs 619. The stock has an upside target of Rs 690. Traders are advised to buy at Rs 624, with a stop-loss at Rs 610. The RSI (Relative Strength Index 14) is currently at 51, indicating neutral momentum, but the overall trend remains positive. A breakout could drive the stock higher towards the target level.

Strategy: buy

Target: Rs 690

Stop-Loss: Rs 610

Kotak Mahindra Bank presents a buying opportunity at Rs 1,843, with a stop-loss at Rs 1,825. The stock is poised for a potential rally towards Rs 1,900, supported by favourable price action and increasing buying interest. A sustained move above Rs 1,850 could trigger accelerated gains. The technical setup remains bullish, making it an attractive buy at current levels, with risk management through a tight stop-loss.

Strategy: Buy

Target: Rs 1,900

Stop-Loss: Rs 1,825

HDFC Bank is trading near key support, offering a solid entry point at Rs 1,668, with a stop-loss at Rs 1,650. The stock is targeting Rs 1,700 and Rs 1,720, driven by positive sentiment and strong technical indicators. A breakout above Rs 1,700 could lead to further upside. Traders should maintain a tight stop-loss to manage downside risk while capitalizing on the potential rally.

Strategy: Buy

Target: Rs 1,700, Rs 1,720

Stop-Loss: Rs 1,650

UTI AMC exhibits higher highs and higher lows, confirming a strong and sustained uptrend. The stock is trading comfortably above its 20-day moving average but remains in a consolidation phase. A decisive breakout above Rs 1,302 could trigger a fresh rally to higher levels. The daily RSI remains steady at around 70, reflecting strong traction. Moreover, increasing volume alongside the price rise further strengthens the positive momentum. One can initiate a long position at the current market price (CMP) of Rs 1,291 for a target price of Rs 1,400.

Strategy: Buy

Target: Rs 1,400

Stop-Loss: Rs 1,245

JSW Infrastructure has broken its declining trendline after establishing a strong base around Rs 315, signaling upward momentum with robust volume participation in Tuesday's session. The stock is currently trading above its 20 and 50 DMAs. The daily RSI remains steady at 60. A move above Rs 340 could trigger strong traction on the higher side. One can initiate a long position at the CMP of Rs 335.9.

Strategy: Buy

Target: Rs 375

Stop-Loss: Rs 312

CG Power, which was in a consolidation phase, is now showing a gradual upward trend with a strong base and the formation of a double bottom (a bullish pattern). Minor resistance remains around Rs 740, a level to watch. Breaking this level could trigger further gains. Strong volume participation and the stock sustaining above its 20 DMA confirm the bullish trend. Based on this technical structure, one can initiate a long position at the CMP of Rs 731.

Strategy: Buy

Target: Rs 790

Stop-Loss: Rs 730