Sentiment on the domestic bourses turned decisively negative this session, wiping out recent gains as renewed flare-ups in West Asia sent crude oil prices climbing. Inflationary worries resurfaced, pushing bond yields higher both at home and in the US. Volatility remained elevated, with a sharp spike in India VIX as every sector traded in the red, reflecting a macro-driven flight from risk compounded by pre-earnings anxiety over muted Q1 forecasts.
Here are two stock recommendations for Thursday
Alkyl Amines Chemicals - Buy | Buying Zone: Rs 1,853.6 | Stop-loss: Rs 1,857 | Target: Rs 1,986
Alkyl Amines Chemicals closed at Rs 1,853.60, up 3.23%, with the price holding above the 20/50/100/200 EMA,
indicating a strengthening bullish trend. RSI at 58.20 suggests positive momentum with room for further upside. Buy only above Rs 1,900 on a decisive breakout. Stop-loss: Rs 1,857. Target: Rs 1,986, maintaining a 2:1 risk-reward. A sustained move above Rs 1,900 with strong volume can trigger fresh buying interest.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
Ather Energy - Buy | Buying Zone: Rs 1,200 | Stop-loss: Rs 1,172 | Target: Rs 1,256
Ather Energy closed at Rs 1,200, gaining 5.21%, reflecting strong bullish momentum. The stock trades above the 20/50/100/200 EMA, confirming a robust uptrend. RSI at 73.85 indicates overbought conditions but also highlights strong buying interest. Buy on dips or at current levels with a stop-loss at Rs 1,172.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
