Crime Today News
Hindustan Zinc (₹462)
Likely bullish reversal
The stock of Hindustan Zinc witnessed a significant drop in price between May 2024 and February 2025. But the decline was arrested by the support at ₹380 early this month. While it has been rallying since then, it is now facing a resistance at ₹480. This can trigger a fall but is likely to be a corrective fall only.
This potential down move can be restricted to ₹420. Eventually the stock can surpass ₹480 and appreciate to ₹620 over the next few months. Hence, traders can buy the stock at ₹460 and accumulate at ₹420. Place stop-loss at ₹370. When the scrip rises above ₹480, alter the stop-loss to ₹400. Raise the stop-loss to ₹520 when the price hits ₹560. Exit the longs at ₹620.
Syngene International (₹726.10)
Potential breakout ahead
The stock of Syngene International saw its price decline sharply between December 2024 and February 2025. But since the past few weeks, the price has been on the rise. Although there is a resistance at ₹750, we anticipate a breakout soon. This can confirm the bullish trend reversal. In the short-term, the stock can rise to ₹840.
Buy at ₹725 and on a decline to ₹680. Place stop-loss at ₹650. When the price tops ₹750, raise the stop-loss to ₹715. Revise the stop-loss to ₹770 when the stock reaches ₹800. Exit at ₹840. Traders who wish to take lower risk can wait for the breakout of ₹750 before buying. After initiating the trade, follow the stop-loss adjustments as mentioned above.
TVS Motor Company (₹2,420.45)
Forms a base
The stock of TVS Motor Company, after facing a decline in October and November last year, has largely remained sideways in the past few months. The chart shows that it has formed a base at ₹2,200. From what the price action hints, we expect the stock to rally in the coming weeks and touch ₹2,950. But before that the price might moderate to ₹2,300 from the current level.
Therefore, traders can consider buying TVS Motor Company. Go long at ₹2,420 and accumulate if the price dips to ₹2,300. Place a stop-loss at ₹2,100. When the stock rises to ₹2,650, revise the stop-loss to ₹2,520. Tighten the stop-loss to ₹2,680 when the price hits ₹2,800. Book profits at ₹2,950.
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