1. HDFC Bank Ltd (HDFCBANK)
🔍 Fundamentals
Current Market Price (CMP): ~₹966.50 52-Week High / Low: ~ ₹1,019 / ₹806
P/E (Trailing 12 Months): ~ 21.0-21.1
P/B Ratio: ~ 2.85 ROE: ~ 14.4%; ROCE ~ 7.5% Dividend Yield: ~ 1.13-1.14%
Recent Performance & Positives: Jefferies has set a target of ₹1,200, citing improving loan growth, stable asset quality, and operational efficiencies.
📈 Technical Analysis
Short-term trend: The stock has consolidated in a range between ₹900–₹1,020. It’s now trading below its 52-week high which indicates some resistance near that level.
Support Levels: Key support is likely around ₹920-₹940 (previous consolidation base), stronger support closer to ₹880-₹900.
Resistance Levels: Immediate resistance near ₹1,020-₹1,050. Beyond that, if momentum is strong, the zone up to ₹1,200 (Jefferies target) is a possible next resistance.
🎯 Entry & Target Levels
Long-Term Investment
₹900-₹960 (on dips)
₹1,200-₹1,250 over 12-18 months (Jefferies target + upside)
Below ₹880 breach risks drop toward ₹820-₹850
Swing Trade / Short-Term
Better entry if price pulls back toward ₹920-₹940
Short-term move toward ₹1,020-₹1,050
Stop near ₹900
2. Adani Green Energy Ltd (ADANIGREEN)
🔍 Fundamentals
CMP: ~ ₹979.45
Valuation: Higher P/E and growth regularity; expect some premium because clean energy / renewables sector is in focus. (Exact P/E not clearly stated in sources, but market assumes high growth pricing.) Recent Technical Sentiment: TradingView technicals show “buy” ratings in short‐term; one-week rating neutral.
📈 Technical Analysis
Support Levels: Around ₹970-₹975, then lower near ₹960-₹950 may act as backup support.
Resistance Levels: Around ₹987-₹1,000, then above that zone ₹1,015-₹1,020 becomes strong resistance.
Pivot / Fibonacci based support/resistance show zones: S1 ~ ₹976-₹977, S2 ~ ₹973, R1 ~ ₹995−₹998 etc.
🎯 Entry & Target Level
Long-Term Investment
Entry Zone: ₹950-₹980 (if stock pulls back)
Target:₹1,150-₹1,250 over 12-18 months (if sector tailwinds + policy remain favorable)
Stop Loss: Below ₹930, break of that risks deeper pullback toward ~₹900
Swing Trade / Short-Term
Entry around ₹970-₹980 after confirmation of support holding
Move toward ₹1,020-₹1,040 in short-term
Stop Loss near ₹960.
3. Eureka Forbes Ltd
Current Price (CMP): approx ₹579 per share.
Brokerage View: Nuvama has initiated coverage with a Buy rating and target price of ₹700. That implies ~20-25% upside.
🔍 Fundamentals
Operating in home water treatment, air purifier, and health appliance segments — growing consumer demand + recurring revenue potential. Moderate debt; good brand recognition; stable business model.
📈 Technical Analysis
The stock has support around ₹550-₹570 (recent consolidation).
Resistance near ₹620-₹650 where previous highs lie.
🎯 Entry & Target Levels
Short-Term/Swing:₹560-₹580
Target Zone: ₹650-₹700
Stop-Loss / Risk Zone: ₹540
Long-Term Investment:
Accumulate near current price or small dip
Target Zone:₹800-₹900 over 12-24 months (if growth continues)
Stop-Loss / Risk Zone: ₹520.
4:REC Ltd (Rural Electrification Corporation)
CMP: approx ₹380. Brokerage Target: Religare Broking recommends Buy,
Target ~ ₹466. That gives ~20-25% upside.
🔍 Fundamentals
Government-backed entity in the power & electrification space — good visibility in loans/business. Likely beneficiary of policy push for electrification, rural infrastructure, sustainable power.
📈 Technical Analysis
Support likely around ₹340-₹360 on weak days.
Resistance in shorter term around ₹420-₹450 (recent highs/volume resistance zones).
Swing trade
Entry / Buy Zone: ₹360-₹380
Target Zone:₹450-₹480
Stop-Loss / Risk Zone:₹330
Long Term Investment
Averages via dip buying near ₹350
Target Zone:₹600-₹650 over 1-2 years
Stop Loss: ₹320
5.Belrise Industries
CMP: approx ₹145 per share; rose ~6% after Investec initiated a Buy. Analyst Target: Investec’s target ~ ₹185, suggesting ~25-30% upside.
🔍 Fundamentals
Operates in manufacturing / industrial supplies arena. Likely growth due to scaling, good order book, possibly export potential. Modest valuation (since recently initiated), may have upside if growth metrics improve.
📈 Technical Analysis
Nearby support levels: ~ ₹135-₹140, given recent pullbacks. Resistance: ₹165-₹180 near recent supply zone.
🎯 Entry & Target Levels
Swing trade
Entry / Buy Zone: ₹140-₹150
Target Zone:₹175-₹190
Stop-Loss / Risk Zone:₹330
Long Term Investment
Entry/Buy Zone: Accumulate around ₹135-₹150
Target Zone: ₹220-₹250 over 1-2 years
Stop-Loss / Risk Zone: ₹120