Big movers on D-Street: What should investors do with Marcrotech Developers, HDFC Bank and Adani Green?
The stocks that were in focus included names like Macrotech Developers, which rose 3.64%, HDFC Bank, which gained 0.2%, and Adani Green, whose shares jumped 7% on Monday.
Here's what Kushal Gandhi, Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.
Macrotech Developers
The price of LODHA has dropped after reaching a high of around 1650 due to profit-taking. This resulted in a nearly 30% decrease, and the price is now struggling to stay above the 50 and 100-day moving averages, which are now acting as resistance.
The immediate support lies at the 200-day moving average near 1200, and it's important for the price to remain above this level to reduce selling pressure.
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