Stocks to buy: Power Grid, Divis Labs and Tata Chemicals on investors' radar

economictimes.indiatimes.com:

Stocks that were in focus include names like Power Grid, which fell 1.9% and Divis Laboratories, which gained 6% and Tata Chemicals, whose shares fell 1.7% on Monday.

Here's what Ameya Ranadive, Chartered Market Technician, CFTe, Sr Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.

1) Power Grid

Power Grid Corporation Ltd. is currently in a no-trade zone, trading around Rs 282 and below the 200-day EMA (Rs 296.36), indicating weakness. The stock has broken key support at Rs 286.80, with the next support at Rs 275. Resistance levels are seen at Rs 328.85 and Rs 345.40, adding overhead pressure. The Super trend (Rs 335.43) remains bearish, reinforcing the downtrend.

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