Trade Spotlight | How you should deal in Nestle India, HDFC AMC, NOCIL counters today

Expert suggests strategy for these 3 top stocks

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26 Aug, 2025 12:21

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The market continued to consolidate for yet another session, though the benchmark indices managed to hit a fresh record high intraday on December 19. The Nifty continued to face strong resistance at 21,500, where the maximum Call writing has been seen, hence, if the said levels get decisively surpassed then 21,600-21,700 would be the level to watch out for in the coming sessions, whereas 21,400-21,200 is expected to be the support area, experts said.

On December 19, the Nifty50 climbed 34 points to 21,453 and the BSE Sensex was up 122 points at 71,437, while the broader markets were down as the Nifty Midcap 100 and Smallcap 100 indices fell 0.4 percent and 0.1 percent.

Stocks that fared better than benchmarks as well as broader markets included Nestle India, HDFC AMC and NOCIL. Nestle India has taken a strong support at 20-day EMA (exponential moving average - Rs 24,633) and jumped 4.66 percent to end at a record closing high of Rs 25,490 after breaking out of several days of consolidation. The stock has formed a strong, bullish candlestick pattern on the daily charts and traded above all key moving averages (20, 50, 100 and 200-day EMAs), which is a positive sign.

HDFC AMC rallied 3.2 percent to Rs 3,122, the highest closing level since September 2021 and formed long bullish candlestick pattern on the daily scale with above average volumes. The stock traded above all key moving averages and recorded gains in eight out of nine consecutive months.

NOCIL has seen a breakout of long downward sloping resistance trendline on December 11 and same acted as a strong support till now. The stock on Tuesday rose 3.2 percent to Rs 274 and formed long bullish candlestick pattern on the daily scale with robust volumes. Also the stock traded way above all key moving averages.

HDFC AMC is currently trading at more than 2-year high, indicative of its robust momentum. In early December, the stock broke out of a Cup & Handle pattern, signaling the initiation of an upward trend.

Recently witnessing an upsurge in volume, the stock is poised to continue its uptrend. The stock trades above short term averages as well, confirming uptrend.

Investors can explore buying this stock with a target of Rs 3,500, and the recommended stop-loss is at Rs 3,000 on a closing basis.

Nestle's stock is observed trading around the ascending channel support. Around Rs 24,550 levels, the stock displayed a change in polarity, highlighting the acceleration in the prevailing uptrend.

With notable volumes, the stock trades above short-term moving averages, confirming the presence of an uptrend. The MACD (moving average convergence divergence) quoting above zero-Line reflects the presence of positive momentum.

Investors can consider buying this stock with a target at Rs 27,800, and the suggested stop-loss is at Rs 24,600 on a closing basis.

NOCIL has successfully emerged from a substantial base ranging between Rs 200-250 levels, forming over a year. Breaking out of a rectangle pattern with significant volumes and a rising window, the stock has recently exhibited a surge in volumes, indicating a prolonged build-up in price.

In the last session, it broke out of a bullish Pennant pattern, signaling the continuation of the prior uptrend.

Investors are encouraged to consider buying this stock with a target set at Rs 305, and the suggested stop-loss is at Rs 264 on a closing basis.