Technical analyst Kush Bohra has released his latest high-conviction trading ideas for the upcoming session. His picks span across the sectors such as specialty metals space as well as auto ancillaries, highlighting Pondy Oxides & Chemicals and Rajratan Global Wire.
Here are the specific trading strategies and technical levels:
Pondy Oxides & Chemicals
Bohra sees a favourable risk-reward setup in Pondy Oxides and recommends a buy position as the stock continues to exhibit positive technical momentum.
- Target 1: Rs 1,500
- Target 2: Rs 1,545
- Stop Loss: Rs 1,420
Rajratan Global Wire
In the tyre bead wire segment, Rajratan Global Wire remains one of Bohra's preferred trading ideas. He expects the stock to witness further upside from current levels.
- Target 1: Rs 490
- Target 2: Rs 505
- Stop Loss: Rs 450
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