Trade Spotlight: How should you trade Motilal Oswal Financial, Mazagon Dock, Aditya Birla Capital, Engineers India, LT Foods and others on May 22?

Fertilizers and Chemicals Travancore (FACT) has been in demand for several days, resulting in a swift rally. The ongoing consolidation above the 200-DMA confirms the bullish trend, and there is currently no sign of an imminent downside. A strong, upward-sloping short-term moving average further supports the positive sentiment. While buying on dips is ideal, one can consider initiating a long position even at the current market price. On the higher side, the stock may move towards Rs 950. Support is placed at Rs 857; a fall below this level could weaken the bullish outlook.

Strategy: Buy

Target: Rs 950

Stop-Loss: Rs 857

Motilal Oswal Financial Services | CMP: Rs 800

Motilal Oswal Financial Services has resumed its upward momentum after two days of consolidation, suggesting a continuation of the rally following a brief pause. Moreover, it continues to trade above the 200-DMA, indicating a medium-term bullish trend. As long as it stays above this moving average, the positive trend is likely to continue. In the short term, the stock may move higher, provided it does not fall below Rs 777. One may consider initiating a buy position with a target of Rs 850. A stop-loss can be placed at Rs 777 for better risk management.

Strategy: Buy

Target: Rs 850

Stop-Loss: Rs 777

Mazagon Dock Shipbuilders | CMP: Rs 3,411.5

Mazagon Dock has formed a Piercing Line pattern on the daily chart and a Double Bottom on the hourly chart, both suggesting a potential short-term bullish reversal. After a brief two-day correction, the stock appears ready for a renewed uptrend. On the hourly chart, it has consistently held above the 50-EMA, reinforcing ongoing bullish sentiment. Additionally, the RSI has given a bullish crossover on the hourly timeframe, supporting further upside potential. One can consider initiating a long position with a target of Rs 3,700, while placing a stop-loss at Rs 3,300.

Strategy: Buy

Target: Rs 3,700

Stop-Loss: Rs 3,300

Sudeep Shah, Deputy Vice President and Head of Technical and Derivative Research at SBI Securities

Aditya Birla Capital | CMP: Rs 221.46

Aditya Birla Capital has registered a Bullish Flag breakout on the daily chart — a pattern typically indicating the continuation of an uptrend. This breakout is reinforced by robust trading volumes, lending credibility to the move. Furthermore, the stock has formed a sizeable bullish candle, reflecting strong positive sentiment. Technically, it is trading above its key short- and long-term moving averages, highlighting a well-supported uptrend.

The 14-period daily RSI has taken support near the 60 level and is now rebounding, indicating improving momentum. Moreover, the Average Directional Index (ADX) is quoting at 22.08 and trending higher, suggesting the trend is gaining strength. The +DI is placed well above the -DI, confirming bullish dominance. Hence, we recommend accumulating the stock in the Rs 222–220 zone with a stop-loss at Rs 212. On the upside, it is likely to test the Rs 236 level.

Strategy: Buy

Target: Rs 236

Stop-Loss: Rs 212

Engineers India | CMP: Rs 203.77

Engineers India is exhibiting a classic uptrend with a sequence of higher highs and higher lows since March 2025 — a hallmark of bullish market structure. It recently broke out of a short-term consolidation range on the daily chart, supported by relatively higher volume, which indicates renewed buying interest. It is currently trading above all its key moving averages, which are sloping upward — a positive sign for trend continuation.

The RSI remains in the bullish zone and is trending upward. Additionally, the MACD (Moving Average Convergence Divergence) indicator stays in bullish mode, with the MACD line quoting above both the signal and zero lines. The rising histogram bars suggest strengthening upward momentum. Hence, we recommend accumulating the stock in the Rs 204–202 zone with a stop-loss at Rs 195. On the upside, it is likely to test Rs 220.

Strategy: Buy

Target: Rs 220

Stop-Loss: Rs 195

LT Foods | CMP: Rs 398.15

LT Foods has broken above a downward-sloping trendline on the daily chart, supported by exceptionally high-volume activity. On the breakout day, the stock recorded a volume of 22.69 lakh shares — significantly higher than its 50-day average of 8.16 lakh — suggesting strong institutional and retail participation.

Adding to the bullish tone, the stock has also closed above its upper Bollinger Band, indicating strength in price action. It continues to trade above its short- and long-term moving averages, both of which are sloping upward. The RSI is in bullish territory and rising, supporting the continuation of the current uptrend. Hence, we recommend accumulating the stock in the Rs 399–397 zone with a stop-loss at Rs 385. On the upside, it is likely to test Rs 425.

Strategy: Buy

Target: Rs 425

Stop-Loss: Rs 385

Jatin Gedia, Technical Research Analyst, Capital Market Strategy at Mirae Asset Sharekhan

Bharti Airtel | CMP: Rs 1,822.5

Bharti Airtel has been in a pullback mode for the last three weeks. It has now reached the lower end of its broad trading range (Rs 1,800), which also coincides with the support of the 40-day moving average (Rs 1,799). We expect the stock to hold this support zone and resume its upward movement.

Strategy: Buy

Target: Rs 1,870, Rs 1,904

Stop-Loss: Rs 1,790

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.