Market analysts and brokerage firms have identified five high-conviction trading ideas for September 7, Monday, spanning diverse sectors. According to reports from Essential Business Intelligence, the suggested trading strategies encompass entry levels, price targets for upside potential and stop-loss limits to manage downside risk across different market segments.
Tata Communications Ltd. receives a 'buy' call from Deven Mehata, Manager – Technical & Derivatives Analyst at IDBI Capital Market and Securities, with a current market price of ₹1,751.60. As reported by Essential Business Intelligence, Mehata recommends buying the stock at ₹1,756 with a target of ₹1,900, implying an upside potential of 8.2%. He has set a stop-loss level at ₹1,685 to manage downside risk.
Inox Wind Ltd. is recommended by VLA Ambala, SEBI RA & Founder of SMT Stock Market, with a current market price of ₹74.40. According to Essential Business Intelligence, Ambala suggests buying the stock in the ₹72–74 range with targets of ₹80 and ₹85 and a stop loss of ₹67. The call offers an upside potential of 8.11% to 18.06%, while the downside to the stop loss ranges from 6.94% to 9.46%.
Supreme Petrochem Ltd. receives a bullish recommendation from market expert Sachin Janardan Sarvade, with a current market price of ₹768.20. As reported by Essential Business Intelligence, Sarvade recommends buying shares in the ₹760–771 range with a target of ₹1,000 and stop loss of ₹659. The call offers an exceptionally high upside potential of 29.70% to 31.58%, though the downside to the stop loss is 13.29% to 14.52%.
Crisil Ltd. also receives a buy call from Deven Mehata, who advises traders to enter at ₹4,802 with a target of ₹5,140 and stop loss of ₹4,630. According to Essential Business Intelligence, the stock offers an upside of 7.04% with a 3.58% downside to the stop loss. Additionally, Triveni Turbine is recommended by Ambala in the ₹575–578 range with targets of ₹610 and ₹650 and a stop loss of ₹520, offering an upside of 5.54% to 13.04%.
