Trend reversal on the cards
The stock of Akzo Nobel India, since November 2024, has been on a decline. However, since early February, it has stayed flat, denoting that the bears are losing momentum. This is happening on the back of the support at ₹2,700. The chart shows that there is a barrier ahead at ₹3,100.
Nevertheless, we expect the scrip to eventually surpass this level, which can open the door for a rally to ₹4,000. Given the bullish expectations, we suggest buying now at ₹2,984 and accumulate at ₹2,750. Stop-loss can be ₹2,500. On a rally to ₹3,400 and ₹3,700, revise the stop-loss to ₹3,100 and ₹3,550 respectively. Book profits at ₹4,000.
Bajaj Finance (₹826.40)
At a strong base
The stock of Bajaj Finance, after hitting a record high of ₹1,102.45 in October, has been on a decline. It lost nearly 20 per cent last month. But going ahead, the stock is expected to stabilise as there is a strong support band between ₹740 and ₹780. A couple of trendlines and the 50-month moving average coincides within this price band.
So, eventually, the stock is expected to reverse the trend upwards. Therefore, participants can buy at ₹826 and accumulate at ₹760. Place a stop-loss at ₹650. When the scrip rises to ₹1,000 and ₹1,100, revise the stop-loss to ₹900 and ₹1,020 respectively. Liquidate the longs at ₹1,200.
Natco Pharma (₹1,027.85)
Breakout anticipated
The stock of Natco Pharma has been displaying a bullish bias since mid-February. Substantiating this, the scrip has rebounded well off the support at ₹800 twice over the past one month. That said, the chart shows that the stock has been trading sideways for the past one year. That is, it has largely been trading between ₹750 and ₹1,050.
Given the prevailing positive momentum as indicated by the recent rise, we anticipate a breakout soon. A breakout of ₹1,050 can lift the stock to ₹1,600 in the medium-term. So, buy at ₹1,027 and ₹900. Stop-loss can be ₹730. On a rally to ₹1,200 and ₹1,400, revise the stop-loss to ₹1,100 and ₹1,300 respectively. Exit at ₹1,600.
Published on April 4, 2026