Bulls on Parade: Will Lupin, Aarti, Phoenix Mills & More Deliver a Trading Windfall Today?

Image Source: Mint

The bulls in the market continue for a sixth consecutive session, with the Nifty settling higher and breadth strongly in support of buyers. Here's the way top stocks are placed to trade action today:

Key Highlights & Trading Strategies:

Lupin (CMP: ₹2,046.7): The stock has broken out of a symmetrical triangle pattern with good bullish indications. As long as it remains above ₹1,970, the uptrend is intact. Target: ₹2,180. Stop-loss: ₹1,970. Historically, April is a strong month for Lupin, averaging a 6.7% gain in the last 17 years.
Aarti Industries (CMP: ₹441.40): After a 9% surge this week, Aarti Industries has emerged out of a decline channel with increase volumes and confirmation technically from Supertrend as well as KST indicators. Buy above ₹445 for target ₹463, and ₹480, with the stop-loss set at ₹426.
Phoenix Mills (CMP: ₹1,682.3): Realty shares are trending higher, and Phoenix Mills is leading the pack. A strong breakout above ₹1,705 would take it to targets of ₹1,780 and ₹1,850. Nearest support: ₹1,630. The stock has just closed above its Ichimoku cloud for the first time since February.
Choice International (CMP: ₹562.75): Shares surged 4% after robust Q4 results. The stock is forming a bullish rounding bottom and hitting fresh highs. A breakout above ₹570 could lead to ₹590 and ₹615. Stop-loss: ₹545.
APL Apollo Tubes (CMP: ₹1,621.6): The stock is in a strong uptrend, having broken out of a crucial trendline and backed by bullish momentum indicators. Buy for targets of ₹1,730 and ₹1,800; stop-loss at ₹1,540. Open interest and delivery volumes are rising sharply, indicating strong participation.
Pennar Industries (CMP: ₹197.1): Following support at its 100-week EMA, Pennar is at an all-time high since January. The trend remains upward, with a bullish higher top-higher bottom pattern on the monthly chart. Momentum indicators favour further strength.

Market Mood

With bulls dominating and technical breakouts in various sectors, investors can search for dips to buy, monitoring closely the major support levels and stop-losses to limit risk.

Source: Moneycontrol, Economic Times, Business Upturn

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