The market has been moving in a range-bound manner, but strength is expected to return soon. If you’re looking for smart trades in Kotak Mahindra Bank, Zomato, UPL, BSE, Ashok Leyland, and others, we’ve got you covered with some well-researched trading ideas. Let’s dive in!
Buy Recommendations for February 20, 2025
1. UPL | CMP: Rs 650
UPL has been moving within an upward-sloping channel. After a recent dip, it found support at the lower end of the channel and is now poised for the next leg of the rally.
- Target: Rs 680 – Rs 700
- Stop-Loss: Rs 635
- Strategy: Buy
2. Divis Laboratories | CMP: Rs 5,934.9
Divis Labs has shown strong buying interest near the 61.82% Fibonacci retracement level. With the hourly momentum indicator stabilizing, a new uptrend may be on the horizon.
- Target: Rs 6,155 – Rs 6,285
- Stop-Loss: Rs 5,740
- Strategy: Buy
3. BSE Limited | CMP: Rs 5,631
BSE has found support near its prior swing low and the 20-week EMA level, followed by a sharp rebound. The RSI indicator signals a strong bullish phase.
- Target: Rs 6,000
- Stop-Loss: Rs 5,450
- Strategy: Buy on dips between Rs 5,640-5,600
4. Ashok Leyland | CMP: Rs 226
Ashok Leyland has outperformed the market recently. The stock is forming a sequence of higher lows with strong volume support, indicating an uptrend.
- Target: Rs 240
- Stop-Loss: Rs 218
- Strategy: Buy in the Rs 226-224 zone
5. Zomato | CMP: Rs 234.1
Zomato remains in a strong uptrend, bouncing back from key moving averages. A double bottom pattern on the daily chart further strengthens the bullish view.
- Target: Rs 280
- Stop-Loss: Rs 210
- Strategy: Buy
6. Kotak Mahindra Bank | CMP: Rs 1,985
The stock has confirmed an upward breakout on the weekly charts. With strong volume and a positive MACD crossover, the bullish trend looks set to continue.
- Target: Rs 2,255
- Stop-Loss: Rs 1,860
- Strategy: Buy
7. Union Bank of India | CMP: Rs 114.92
Union Bank has been on an uptrend since 2022. A recent retest of its breakout level has turned into a support zone, signaling further strength ahead.
- Target: Rs 132
- Stop-Loss: Rs 105
- Strategy: Buy
Final Thoughts
The market may be consolidating now, but strength is expected to return soon. Keeping an eye on these stocks and executing well-timed trades can help you make the most of the upcoming momentum. Happy trading!
Disclaimer: These trading ideas are for informational purposes only. Always consult a certified financial expert before making any investment decisions.
