Bulls on a short leash: 5 Tuesday trades with bite—HCL Tech, India Cements lead the charge

Updated: November 18, 2025 03:11

Image Source: Economic Times

A breakout in Indian equities has traders eyeing up to 8% near-term gains on selected names for Tuesday. Picks include HCL Tech and India Cements, alongside three more momentum candidates, as indices sustain above key moving averages. Analysts flag buy-on-dips setups with defined supports and resistances to manage risk.

Market setup and trading cues

Headline indices extended a five-day winning streak, with a clear breakout on daily charts confirming bullish momentum. Technical analysts highlight buy-on-dips as long as the index holds above its 20-day EMA, mapping supports at 58,200 and resistances near 59,300–59,500, framing Tuesday’s trade with disciplined entries and exits.

Key highlights

Index momentum:

Breakout from consolidation confirms bulls’ control; buy-on-dips bias intact above the 20-day EMA around the 58,000 zone, with resistance clusters near 59,300–59,500.

Top pick—HCL Tech:

Despite prior volatility, HCL Tech remains on traders’ radar for technical rebound potential within IT; be mindful of recent earnings-driven drawdowns and tightened guidance trajectories.

Cyclical bet—India Cements:

Cement demand tailwinds and price action suggest room for an 8% swing trade if sector strength persists; watch for volume confirmation near breakout levels.

Three more momentum names:

Analysts outline additional short-term setups in large-cap/ mid-cap plays aligned with the breakout theme; selection hinges on trend continuity and risk-defined entries.

Risk management first:

Use tight stop-losses below recent swing lows; scale partial profits near resistance bands to avoid reversal whipsaws in a momentum-led market.

Context on IT volatility:

IT stocks, including HCL Tech, have seen sharp moves around results and guidance changes—position sizing matters to navigate event risk.

Trading plan for Tuesday

Define zones: Enter near pullbacks to support; trail stops as price approaches resistance.

Confirm with breadth: Favor names showing sustained volume and RSI above midline.

Stagger entries: Scale into strength; exit partially at targets to lock in gains.

Stay flexible: If the index slips below the 20-day EMA, shift to capital preservation.

Sources: The Economic Times, IndiaIPO, Mint

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