Archive · 27 Jul 2026
Jigar Patel's Short-Term Trading Strategies for 3 Stocks
The Indian stock market had a tough week with the Nifty 50 index dropping by 2%.
Jigar Patel from Anand Rathi Share and Stock Brokers shared his short-term trading strategies for three stocks.
He suggests selling Adani Enterprises between ₹3,050 and ₹3,100, aiming for a target price of ₹2,775.
For PI Industries, he recommends buying between ₹2,740 and ₹2,720, with a target price of ₹3,100.
Lastly, he advises buying UBL between ₹1,400 and ₹1,370, aiming for a target price of ₹1,565.
Patel's strategies are based on technical analysis and current market conditions.
The Nifty 50 index declined by 2% last week due to geopolitical tensions and other factors.
Jigar Patel recommends selling Adani Enterprises between ₹3,050 and ₹3,100 with a target price of ₹2,775.
PI Industries is showing bullish reversal signs, and Patel suggests buying between ₹2,740 and ₹2,720 with a target price of ₹3,100.
UBL is showing potential reversal signs, and Patel advises buying between ₹1,400 and ₹1,370 with a target price of ₹1,565.
The Nifty 50 index faces immediate hurdles at 23,900–24,100 and support at 23,600–23,650.
- Who
- Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers
- What
- Short-term trading strategies for Adani Enterprises, PI Industries, and UBL
- When
- During the week of significant correction in the Indian stock market
- Where
- Indian stock market
- Why
- To provide trading strategies based on technical analysis and market conditions
Buy Recommendations
Sell Recommendations
Buy PI Industries
Buy Recommendations
PI Industries is showing signs of a bullish reversal with strong support near the 0.886 Fibonacci Retracement–1.272 Fibonacci Extension zone.
Sell Recommendations
Buy UBL
Buy Recommendations
UBL is showing signs of a potential reversal after correcting sharply from its recent highs and is trading near a major historical demand zone.
Sell Recommendations
Sell Adani Enterprises
Buy Recommendations
Sell Recommendations
Adani Enterprises is showing signs of fatigue and weakening bullish momentum, with a breakdown below the short-term rising trendline.
- Adani Enterprises
- Sell between ₹3,050 to ₹3,100, Target price: ₹2,775, Stop loss: ₹3,225
- PI Industries
- Buy between ₹2,740 to ₹2,720, Target price: ₹3,100, Stop loss: ₹2,520
- UBL
- Buy between ₹1,400 to ₹1,370, Target price: ₹1,565, Stop loss: ₹1,276
- Nifty 50
- Immediate hurdle: 23,900–24,100, Support: 23,600–23,650
- Bank Nifty
- Immediate resistance: 57,200–58,000