Stocks that were in focus include names like Vedanta, which rose 0.6% and HCL Tech, which gained 2% and Delhivery, whose shares fell 7% on Tuesday.
Here’s what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today.
Vedanta
The stock is showing signs of strength with a positive bias, holding above key support near Rs 370. A sustained move above Rs 390 could trigger further upside toward Rs 405–420 levels.
RSI is stabilizing, and the price is attempting to base out near current levels. Any dip toward Rs 370–365 can be considered a buying opportunity with a stop loss below Rs 360.
HCL Tech
The stock remains strong on the charts, trading above major moving averages and forming a steady uptrend. Support is seen near Rs 1380, and a breakout above Rs 1430 can lead to a rally toward Rs 1475–1500.RSI is firm near neutral but trending higher, suggesting momentum is building up. Overall structure favors buy-on-dips strategy.
Delhivery
The stock remains in a bearish grip. Avoid buying until Rs 268 is taken out with conviction. If Rs 240 breaks, expect further downside toward Rs 225. Best to sell on rise near Rs 255–260 levels with a stop loss at Rs 268.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
