Big movers on D-Street: What should investors do with REC, Power Finance Corp and Motilal Oswal?

economictimes.indiatimes.com:

Stocks that were in focus include names like REC, which fell 2.12%, Power Finance Corp, which declined 1.72%, and Motilal Oswal, whose shares gained 4.05% on Wednesday.

Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today.

REC
The stock is holding well above its support zone of 490.00 to 500.00 and continues to trade above this range. With the overall trend being positive and overhead resistance near the 540.00 and 560.00 levels, the risk-reward ratio favors long positions.

A strict stop-loss at 490.00 should be maintained for a potential upside of 8-10% from the current levels.

Power Finance Corp
The stock is trading well above its anchor VWAP support zone of 470.00 to 480.00 and continues to hold above this range. The current risk-reward ratio for PFC looks favorable for buying.

A strict stop-loss should be set at 470.00 to manage risk effectively in this trade.

Motilal Oswal
The stock is experiencing a narrow range consolidation between 640.00 and 722.00 and is trading well within these levels. With the overall trend being positive, the stock is likely to be a buy on dips.

A strict stop-loss should be set at 640.00 for all active long positions. The upside potential remains open for 722.00 and above.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)