Frontline indices, the Sensex and Nifty 50, snapped their three-session losing streak on Monday, 27 April, supported by select heavyweights including Reliance Industries, Sun Pharma, and HDFC Bank. According to reports from Mint, the Nifty 50 ended at 24,092.70, rising 0.81%, while the Sensex settled at 77,303.63, gaining 0.83%. Amid persisting uncertainty over possible US-Iran peace talks and higher crude oil prices may trigger profit booking at higher levels. Experts recommend focusing on quality stocks with healthy fundamentals and favorable technical indicators amid the ongoing Q4 results season.
Vishnu Kant Upadhyay of Master Capital Services recommends Gujarat Mineral Development Corporation (GMDC) with a previous close of ₹698.55, target prices of ₹765 and ₹780, and a stop loss at ₹635. As reported by Mint, GMDC is maintaining a strong upward trajectory with the stock continuing its existing positive trend after a recent breakout. The current pullback towards the 21 EMA appears healthy, indicating a controlled retracement rather than weakness. Price remains comfortably above all key moving averages, reflecting strong trend alignment across timeframes. Momentum has moderated slightly, with RSI cooling to around 64, suggesting the stock is resetting without losing strength.
IGIL is recommended by Upadhyay with a previous close of ₹355.85, target prices of ₹382 and ₹390, and a stop loss at ₹334. According to Mint, IGIL stock is showing signs of renewed strength after successfully retesting its breakout zone, which aligns closely with the 200 EMA, reinforcing the validity of the support. The stock has bounced back from this confluence area, indicating strong demand at lower levels. Price structure remains constructive, with a consistent formation of higher highs and higher lows, reflecting an intact uptrend.
Hindustan Zinc is recommended by Upadhyay with a previous close of ₹628, target prices of ₹685 and ₹694, and a stop loss at ₹576. As reported by Mint, Hindustan Zinc shares are witnessing a notable improvement in its price structure, marked by a breakout from an inverse head and shoulders pattern, backed by a strong surge in volumes, indicating meaningful buying interest. This move points towards a potential trend reversal within the broader uptrend. The stock has moved back above all key moving averages, signaling strengthening momentum and favorable alignment.
Aakash Shah of Choice Broking recommends Sai Life Sciences with a previous close of ₹1,067.30, target price of ₹1,162, and stop loss at ₹1,010. According to Mint, Sai Life Sciences share price is displaying a strong continuation pattern after a brief consolidation phase, currently trading near ₹1,067 which is also close to all-time high level. The stock has recently given a sharp breakout above its prior swing resistance zone around ₹1,050, backed by improving volume participation. Techno Electric & Engineering Company is recommended with a previous close of ₹1,280.45, target price of ₹1,385, and stop loss at ₹1,212. As reported by Mint, Techno Electric has recently shown a decisive breakout from a long-term descending trendline, indicating a potential shift from a bearish to a bullish structure.
Vijaya Diagnostic Centre is recommended by Shah with a previous close of ₹1,112.05, target price of ₹1,200, and stop loss at ₹1,050. According to Mint, Vijaya Diagnostic has recently transitioned from a consolidation phase into a strong upward move, giving a breakout above a declining resistance trendline. The stock has given a breakout above a declining resistance trendline, which had been capping upside for several months, indicating a shift in overall sentiment. The recent rally is supported by a steady rise in volumes, highlighting accumulation at lower levels. RSI has moved into a bullish zone, confirming strength.
