
Three stocks recommended by Ankush Bajaj that are ready to surge
Subscribe to enjoy similar stories. NMDC Ltd: Buy at ₹70.20 | Target ₹76-78 | Stop loss ₹67 The stock has given a falling wedge pattern breakout with strong volumes (on daily chart). Additionally, the Relative Strength Index (RSI) is above the 60 level, suggesting that the momentum is likely to continue.
Oil and Natural Gas Corporation (ONGC) Ltd: Buy at ₹250.65 | Target ₹267- ₹270 | Stop loss ₹238 The moving average convergence divergence (MACD) line stands at 1.54, currently above the signal line, indicating a bullish crossover and suggesting potential upward momentum. The recent trading volume exceeds the 30-day average, reflecting heightened trading interest and supporting the ongoing trend momentum. The average directional index (ADX) at 39 shows bullishness in this stock.
Punjab National Bank: Buy at ₹97.35 | Target ₹103- ₹105 | Stop loss ₹94 On the daily chart, the stock's RSI is trading above 60, and it is also trading above major exponential moving averages (EMAs). On the hourly chart, the stock has given a rectangle breakout around the 92 level. Expecting the price to reach ₹105 soon.
The Indian stock market witnessed a bullish session on Wednesday, 2 April 2025, as the indices opened with a gap-up and managed to close in the green. Despite positive momentum, the market remained in a confusing zone, with 23,200 acting as a strong support for the Nifty. Investors navigated the session cautiously as global uncertainties and key economic cues kept traders on edge.
The market managed to hold on to its gains, showing resilience despite intraday fluctuations: BSE Sensex up 312.45 points (0.41%), closing at 77,129.89. NSE Nifty 50 gained 112.85 points (0.48%), settling at 23,445.20. Bank Nifty inched up 210.75 points
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