Trade Spotlight: How should you trade Valor Estate, Cholamandalam Financial, ITC, Clean Science, Deepak Fertilisers, Gujarat Gas, and others on April 15?

KPR Mill has witnessed a short-term trend reversal on the daily chart, forming higher tops and bottoms. The stock is well-positioned above its 20, 50, 100, and 200-day SMAs, reconfirming bullish sentiment. Rising volumes over the past couple of weeks indicate increased participation. The daily and weekly Relative Strength Index (RSI) is in positive territory, suggesting buying interest at current levels. Investors should consider buying, holding, and accumulating this stock. The expected upside is Rs 1,130–1,213, with downside support in the Rs 930–900 zone.

Strategy: Buy

Target: Rs 1,130, Rs 1,213

Stop-Loss: Rs 930

Valor Estate (DB Realty) | CMP: Rs 174.5

On the weekly chart, Valore Estate has decisively broken out of its one-year down-sloping channel on a closing basis, indicating a trend reversal. Substantial rising volumes signal increased participation. The positive crossover of the 20 and 50-day moving averages indicates growing momentum and a bullish trend. The daily and weekly RSI is also in positive territory, suggesting potential buying interest. Investors are advised to buy, hold, and accumulate the stock. The expected upside is Rs 209–219, with downside support at Rs 161–155.

Strategy: By

Target: Rs 209, Rs 219

Stop-Loss: Rs 161

Cholamandalam Financial Holdings | CMP: Rs 1,780.4

Cholamandalam Financial is trending higher, forming a series of higher tops and bottoms, indicating a positive bias. The stock has recently reclaimed its 20, 50, 100, and 200-day SMAs, with the averages trending upward along with price, which supports bullish sentiment. Strong volumes near the support zone further suggest buying interest. The weekly Bollinger Band buy signal indicates increased momentum, while the weekly and monthly RSI is also in favourable territory. Investors should consider buying, holding, and accumulating. The expected upside is Rs 1,985–2,100, with downside support in the Rs 1,630–1,580 zone.

Strategy: Buy

Target: Rs 1,985, Rs 2,100

Stop-Loss: Rs 1,630

Jigar S Patel, Senior Manager - Equity Research at Anand Rathi

ITC | CMP: Rs 421.55

In the last session, ITC broke above the R3 Camarilla Pivot resistance of Rs 417 and closed strong, signaling a bullish breakout after consolidating between Rs 390–415. The RSI, which held near 40 during the consolidation, is now above 60, supporting the bullish outlook. This breakout, supported by momentum indicators, suggests potential upside in the upcoming sessions. Traders may consider entering long positions in the Rs 420–422 zone, with an upside target of Rs 444.

Strategy: Buy

Target: Rs 444

Stop-Loss: Rs 410

Clean Science and Technology | CMP: Rs 1,180.95

Clean Science has recently formed a textbook bullish Bat pattern on the daily chart, supported by rising volumes from the bottom, indicating strong buying interest. Notably, the Bat pattern’s reversal zone aligns with the S3 monthly Camarilla pivot, adding technical confluence. Additionally, an Inside Value relationship is observed between March and April pivots, where April’s R3 and S3 lie within March’s range. This setup often precedes a significant breakout, hinting at a potentially explosive move. Traders may consider entering long positions in the Rs 1,175–1,185 zone, targeting Rs 1,300.

Strategy: Buy

Target: Rs 1,300

Stop-Loss: Rs 1,120

Shree Renuka Sugars | CMP: Rs 26.98

On the daily chart, RSI for Shree Renuka Sugars has shown bullish divergence near the key support zone of Rs 25–26, indicating potential reversal strength. A classic Hammer candlestick has also formed around this support area, reinforcing bullish sentiment. Moreover, the Inside Value relationship between March and April Camarilla pivots—where April’s R3 and S3 lie within March’s range—suggests price compression. This combination of technical signals points toward a likely breakout. Traders may consider entering long positions in the Rs 26–27 zone, targeting Rs 31.

Strategy: Buy

Target: Rs 31

Stop-Loss: Rs 24

Osho Krishan, Senior Analyst - Technical & Derivative Research at Angel One

ACC | CMP: Rs 2,007.35

ACC has shown impressive growth, climbing nearly Rs 200 in recent trading weeks. This surge has been accompanied by an increase in average trading volumes, indicating building market interest and a potential trend reversal. The stock has also surpassed its 51-day EMA after a prolonged period. Additionally, the 14-period RSI has risen above its previous swing high, reinforcing the bullish momentum. These indicators suggest that ACC may be entering a period of sustained growth. We recommend buying around Rs 2,000–1,980, with a stop-loss at Rs 1,870, targeting Rs 2,200.

Strategy: Buy

Target: Rs 2,200

Stop-Loss: Rs 1,870

Deepak Fertilisers and Petrochemicals Corporation | CMP: Rs 1,206.45

Deepak Fertilisers has seen a solid recovery following a consolidation phase and is now positioned above all major EMAs, including the 200-day SMA. Recent buying activity has been backed by rising volumes, indicating positive developments. Furthermore, the stock is comfortably above the 50% Fibonacci retracement level of the recent correction, enhancing the bullish outlook. The MACD indicator also shows a positive crossover above the zero signal line, suggesting building momentum. Hence, we recommend buying around Rs 1,200–1,180.

Strategy: Buy

Target: Rs 1,300, Rs 1,360

Stop-Loss: Rs 1,100

Gujarat Gas | CMP: Rs 428.3

Gujarat Gas has experienced a strong resurgence in recent weeks, resulting in a robust weekly close. The stock is now trading above all its 50-day EMAs on the daily chart after a prolonged period, reflecting inherent strength and likely continuation of the trend. A breakout from the previous swing high, backed by strong volumes, adds to the bullish narrative. We recommend buying on dips around Rs 410–400.

Strategy: Buy

Target: Rs 440, Rs 460

Stop-Loss: Rs 380

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

Grasim Industries Futures | CMP: Rs 2,662

Grasim has seen strong Put additions in the previous trading session from the Rs 2,600 to Rs 2,660 strikes, along with Call unwinding at those levels. This activity helped the PCR return to a neutral level, now at 1. The highest Put open interest is at the Rs 2,500 strike, while Calls are still concentrated between Rs 2,600 and Rs 2,680, which may unwind further as the stock is trading well above its maximum pain and modified maximum pain levels of Rs 2,600 and Rs 2,596, respectively.

Grasim is also trading above its 20-day VWAP, which is around Rs 2,550. There were a few short positions added in the previous leg, and despite that, the price moved higher, which could lead to short covering in the upcoming sessions. Buy Grasim Futures in the range of Rs 2,660 to Rs 2,630.

Strategy: Buy

Target: Rs 2,730, Rs 2,780

Stop-Loss: Rs 2,570

Aurobindo Pharma Futures | CMP: Rs 1,089.2

Aurobindo Pharma had previously corrected mainly due to long unwinding, and currently, there are not many short positions in the stock. From a positioning standpoint, it remains relatively light in the broader market. The PCR improved in the last trading session to 0.72, primarily due to significant Put writing from the Rs 980 to Rs 1,100 strikes, along with Call unwinding from Rs 1,060 to RS 1,100 strikes.

The highest Call open interest is at Rs 1,200, which also aligns with the short-term target. The stop-loss is placed at Rs 1,040, offering a favourable risk-reward ratio for the bulls. While the stock is trading below its 20-day VWAP and maximum pain level—which could act as near-term resistance—the recent options activity indicates a high probability of these levels being challenged. Buy Aurobindo Pharma Futures in the range of Rs 1,090 to Rs 1,070.

Strategy: Buy

Target: Rs 1,200, Rs 1,260

Stop-Loss: Rs 1,040

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