Trade Spotlight: How should you trade Voltas, Sonata Software, Piramal Enterprises, Tata Motors, Redington, Coromandel, Eternal and others on July 15?

NTPC has been forming a strong base in the Rs 330–340 zone over the past two months, establishing an inside value relationship on the monthly Camarilla pivot—a structure that typically precedes a directional breakout. This consolidation indicates reduced volatility and energy build-up, which often leads to an explosive move. Additionally, the RSI remains comfortably above the 50 mark, suggesting that underlying bullish momentum is intact. Traders may consider entering long positions in the Rs 343–340 zone.

Strategy: Buy

Target: Rs 375

Stop-Loss: Rs 325

Voltas | CMP: Rs 1,376.8

Voltas has established a strong base in the Rs 1,330–1,340 zone over the past month. This price action has led to the formation of an overlapping higher value relationship on the monthly Camarilla pivot, which typically signals accumulation and a potential upside breakout in the coming weeks. The RSI is comfortably positioned above 60, indicating strengthening bullish momentum and favourable conditions for a continued upward move. Traders may consider entering long positions in the Rs 1,380–1,360 zone.

Strategy: Buy

Target: Rs 1,500

Stop-Loss: Rs 1,300

Sonata Software | CMP: Rs 432.9

Sonata Software formed back-to-back inside value relationships on the monthly Camarilla pivots, signaling consolidation and strong buildup. A breakout on July 8 confirmed the end of this phase. Since then, the stock has entered a healthy pullback, finding strong support above Rs 420—a key technical level. Holding above this mark suggests buyer strength, and if sustained, Sonata Software may resume its upward trajectory in the coming sessions with potential for further gains. Traders may consider entering long positions in the Rs 435–425 zone.

Strategy: Buy

Target: Rs 500

Stop-Loss: Rs 400

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

Piramal Pharma | CMP: 207.88

Piramal Pharma has provided a breakout from a falling trendline, accompanied by an increase in open interest in the futures segment—indicating long buildup, which is a positive sign in the near term. The stock has witnessed Call unwinding as well as Put additions at lower levels from Rs 205 to Rs 190 strikes, indicating support at the lower levels. Overall, the Nifty Pharma Index has been inching higher, so the sector outlook is also positive along with the stock. Buy Piramal Pharma Futures in the range of Rs 205–210.

Strategy: Buy

Target: Rs 225, Rs 235

Stop-Loss: Rs 195

Piramal Enterprises | CMP: Rs 1,293.3

Piramal Enterprises has provided a huge breakout from sideways consolidation, along with long buildup in the futures segment. The stock is trading well above its 20-day VWAP (Volume Weighted Average Price) as well as its maximum pain and modified maximum pain levels, indicating a strong uptrend in the near term. The stock has witnessed heavy Put writing and Call unwinding, with the Rs 1,300 strike now holding the highest Call open interest. Above this level, the up move is likely to extend. Buy Piramal Enterprises Futures in the range of Rs 1,285–1,300.

Strategy: Buy

Target: Rs 1,400, Rs 1,450

Stop-Loss: Rs 1,225

Tata Motors | CMP: Rs 674.5

Tata Motors has broken its uptrend line, and with that, open interest in futures has begun to rise, indicating that short covering is over and new shorts are being built, pointing to a downtrend in the near term. The stock has seen heavy Call writing and Put unwinding, clearly suggesting that bears have the upper hand for now. Tata Motors is also trading well below its maximum pain levels, hence the Rs 700 level will act as a critical resistance going forward. Sell Tata Motors Futures in the range of Rs 680–675.

Strategy: Sell

Target: Rs 645, Rs 635

Stop-Loss: Rs 692

Vidnyan S Sawant, Head of Research at GEPL Capital

Redington | CMP: Rs 307.95

Redington has been demonstrating strong relative strength and is currently showing a bullish polarity shift, with the May 2025 swing high now acting as support. This support also aligns with a bullish mean reversion from the 26-day EMA, indicating a positive shift in sentiment. On the weekly scale, the MACD remains in positive territory, reflecting sustained momentum on the higher timeframe and reinforcing the strength of the ongoing trend.

Strategy: Buy

Target: Rs 351

Stop-Loss: Rs 287

Coromandel International | CMP: Rs 2,385

Coromandel has been exhibiting a positive price structure across multiple timeframes. On the weekly scale, the stock has attracted buying interest near its 12-week EMA, indicating strong intermediate-term support. On the daily chart, it has found robust support at the 50% Fibonacci retracement level (from Rs 1,855 to Rs 2,514), reinforcing the likelihood of a base formation. Additionally, the RSI reading around 62 signals a pickup in momentum, supporting the case for further upside.

Strategy: Buy

Target: Rs 2,671

Stop-Loss: Rs 2,265

Eternal | CMP: Rs 270.6

Eternal has been exhibiting strong relative strength, marked by a bullish breakout from an 11-day consolidation zone, accompanied by a strong bullish candlestick pattern. The stock is sustaining well above its 12-day and 26-day EMAs, indicating a positive near-term trend. Additionally, the weekly RSI stands at 60, suggesting a pickup in momentum and reinforcing the strength behind the breakout.

Strategy: Buy

Target: Rs 301

Stop-Loss: Rs 257

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.