Big movers on D-Street: What should investors do with EaseMyTrip, Hindustan Copper and NMDC?

economictimes.indiatimes.com:

Sensex climbed 305 points to settle at 73,095 and the broader Nifty ended 76 points higher at 22,198.

Stocks that were in focus included names like Easy Trip Planner, which rose 2.07%, Hindustan Copper, which fell 3.6%, and NMDC, whose shares closed 4% lower on Tuesday.

Here's what Viral Chheda, Sr Technical Analyst, SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today.

EaseMyTrip — Buy

In the daily we can see that after making the low around 37 in Oct 2023, price has witnessed a sharp Bull Run to make the 52 week high of 54 odd levels. Price has given almost 46% returns from its lower level as Bulls were having upper hand over bears. From the highs price has given some profit booking to make the low around 46 odd levels.

In the last 10-15 days price has moved in the range of 46-51 and today with high volume price has breached the consolidation phase and moving around that level indicates further upside from here. The Stochastics Oscillator is also moving in an upward trend along with an increase in volume indicating upside movement with limited downside risk.

Hence, one can buy at current level and more at dips of 46 with SL of 42 on weekly closing basis and upside can be seen till 60-70 in next 10-12 months.

Hindustan Copper — Buy above 270

In the daily after making the low around 136 in Oct 2023, price has given a sharp upside rally to make the 12 years high of 307 odd levels. Price has given almost 126% returned from its lower level as buyers