2 days ago
Expert shares outlook on IREDA, Ola Electric and stocks
An expert named Upadhyay shared views on five stocks.
The stocks discussed were IREDA, Adani Energy Solutions, Ola Electric, Crisil, and Supreme Petrochem.
Upadhyay said IREDA’s chart looks weak.
He identified Rs 120 as an important level for IREDA.
He said Adani Energy Solutions could rise toward Rs 1,634-1,700 if it stays above Rs 1,320.
Ola Electric investors were told to watch Rs 34 as support.
New buyers should consider the stock only if it stays above Rs 41, according to Upadhyay.
Crisil and Supreme Petrochem were identified as his preferred stock picks.
IREDA remains bearish, with a potential exit considered if it fails to reclaim Rs 120.
Adani Energy Solutions could target Rs 1,634-1,700 while trading above Rs 1,320.
Ola Electric investors can hold above Rs 34, while fresh positions require sustained trading above Rs 41.
Crisil was recommended as a preferred pick with a Rs 4,480 stop loss and Rs 5,100-5,200 targets.
Supreme Petrochem was also preferred, with an upside target of Rs 996 and a Rs 788 stop loss.
- Who
- Market expert Upadhyay shared the outlook.
- What
- He provided technical views, targets, support levels, and stop losses for five stocks.
- Where
- The article does not specify a location.
- When
- The article does not specify when the outlook was provided.
- Why
- The outlook was shared to assess possible price levels and investment strategies for the stocks.
Key facts
- Stocks covered
- IREDA, Adani Energy Solutions, Ola Electric, Crisil, and Supreme Petrochem
- Preferred picks
- Crisil and Supreme Petrochem
- IREDA level
- Rs 120
- Adani Energy Solutions support
- Rs 1,320
- Ola Electric levels
- Rs 34 support; fresh positions above Rs 41; target Rs 60-62
- Crisil outlook
- Stop loss Rs 4,480; targets Rs 5,100-5,200
- Supreme Petrochem outlook
- Stop loss Rs 788; upside target Rs 996
Quotes
Upadhyay
Market expert providing technical stock analysis
“From a technical standpoint, existing investors can hold on to the stock until it holds above Rs 34. Fresh positions should only be considered if the counter sustains above Rs 41. Once it trades above Rs 41 level, one can expect a target of Rs 60-62-odd level. On the lower side, Rs 34 would act as immediate support”
businesstoday.in
“I'm not expecting any kind of reversal unless it reclaims Rs 120 level, where one should consider taking an exit.”
businesstoday.in
Sources
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