Trade Spotlight: How should you trade Lupin, State Bank of India, Tata Chemicals, Syngene International, PI Industries, Escorts Kubota and others on July 30?

After a decline from higher levels, Lupin rebounded from its support zone and witnessed a steady recovery. Additionally, on the daily charts, the counter has given a breakout from its sloping channel formation. The recent upmove suggests a new leg of the bullish trend from current levels. For the next few trading sessions, Rs 1,910 could act as the trend-deciding level for the bulls. If it sustains above this level, we can expect a further uptrend toward Rs 2,120.

Strategy: Buy

Target: Rs 2,120

Stop-Loss: Rs 1,910

LIC Housing Finance | CMP: Rs 598.25

After a short-term price correction, LIC Housing Finance is now available near its multiple support zones. The bullish momentum near the support area indicates that the downside is likely restricted. Therefore, the current rebound in the stock is expected to continue with a favourable risk–reward profile. As long as the stock is trading above Rs 575, the bullish texture is likely to continue. A move above this level could take the stock to Rs 640.

Strategy: Buy

Target: Rs 640

Stop-Loss: Rs 575

State Bank of India | CMP: Rs 799.20

After a remarkable upmove on a weekly basis, SBI witnessed profit booking at higher levels. Following the recent selloff, the downward momentum appears to have paused. Moreover, the counter has found support near its multiple demand zones. The formation suggests a potential revival of the uptrend in the near future. For positional traders, Rs 770 would be the decisive level. Trading above this level would suggest continuation of the uptrend towards Rs 850. However, a close below Rs 770 may prompt traders to exit long positions.

Strategy: Buy

Target: Rs 850

Stop-Loss: Rs 770

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

Tata Chemicals | CMP: Rs 1,000

After a rangebound action over the past few weeks, Tata Chemicals witnessed a sharp upside breakout this week amidst volatility in the benchmark indices. The stock price moved above the crucial resistance of the consolidation range at Rs 960 on Tuesday and closed higher. Hence, there is a strong possibility of further upside momentum in the near term. Volumes have started to expand during the breakout, and the daily 14-period RSI shows a positive signal.

Strategy: Buy

Target: Rs 1,105

Stop-Loss: Rs 940

Syngene International | CMP: Rs 711.4

Syngene has been forming a rounding bottom pattern on the weekly chart over the past few months. The current weekly candle pattern indicates a decisive upside breakout following the formation of a higher bottom at Rs 621 earlier this month. Volume has expanded during the breakout, and the weekly 14-period RSI shows a bullish indication.

Strategy: Buy

Target: Rs 785

Stop-Loss: Rs 670

PI Industries | CMP: Rs 4,249.5

PI Industries has been in a decisive upside rally for the last 3–4 months. A bullish structure of higher tops and bottoms is visible on the weekly timeframe chart. After a minor downward correction recently, the stock is now poised to surpass the crucial hurdle around Rs 4,250 this week. Volume expanded on Tuesday during the upside breakout, and the weekly 14-period RSI pattern suggests more upside ahead.

Strategy: Buy

Target: Rs 4,675

Stop-Loss: Rs 4,050

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

Man Industries | CMP: Rs 454.8

Man Industries has been moving in a higher-high, higher-low structure within its upward-sloping channel since March 2025. In the previous session, the price managed to break out of its Rs 405–448 range with a gain of over 5%, which is a strong bullish sign. Last week, the price found support at the baseline (red) of the Ichimoku Cloud and rebounded nearly 9%. The medium-term support as per this indicator is near Rs 425. Additionally, the ADX is at 35, well above 25, indicating positive momentum is likely to continue. A break above Rs 461 can lift the price toward Rs 480 followed by Rs 500.

Strategy: Buy

Target: Rs 480, Rs 500

Stop-Loss: Rs 442

Escorts Kubota | CMP: Rs 3,489.8

In the prior session, Escorts Kubota gained more than 2%. Last week, prices retested the downward-sloping trendline and are now near the previous swing high of Rs 3,500, suggesting growing bullish activity. A decisive break above this level could further boost positive momentum.

Furthermore, the 15-period and 30-period EMAs have recently formed a bullish crossover. As long as this crossover remains intact, the daily bias remains on the bullish side. Escorts Kubota is currently on the verge of a breakout. A move above Rs 3,500 could lead to a trending rally toward Rs 3,620 followed by Rs 3,730.

Strategy: Buy

Target: Rs 3,620, Rs 3,730

Stop-Loss: Rs 3,380

Coromandel International | CMP: Rs 2,495.4

In the previous session, Coromandel International gained more than 3%. The stock has managed to hold above the prior day’s low for the last seven trading sessions, which is a positive sign. On the daily chart, the stock is trading in a rectangular range between Rs 2,200 and Rs 2,520 since May 2025, indicating accumulation. A close above Rs 2,520 could result in a bullish breakout from this pattern.

Additionally, the KST (Know Sure Thing) indicator is trading above the zero line after crossing above the signal line, implying a potential buildup in momentum in the coming sessions. A decisive break above Rs 2,520 is required for further buying, with targets of Rs 2,620 followed by Rs 2,700.

Strategy: Buy

Target: Rs 2,620, Rs 2,700

Stop-Loss: Rs 2,420

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.