Honasa is recommended as a buy with a target price of ₹480 and stop loss at ₹427. According to Anand James, chief market strategist at Geojit Investments, the stock is exhibiting a strong bullish setup on the daily chart, supported by both price action and momentum indicators. The stock has delivered a decisive Bullish Marubozu, signaling aggressive buying interest with minimal intraday selling pressure, often a precursor to short-term continuation. Price has broken out of a horizontal resistance zone around ₹435-445, indicating a shift from consolidation to expansion.
MSTC Ltd is recommended as a buy with a target price of ₹790 and stop loss at ₹650. As reported by Geojit Investments, the stock is displaying a strong bullish continuation setup on the daily timeframe, supported by both structure and momentum. The stock has confirmed a flag breakout following a sharp impulsive rally, indicating trend continuation after a healthy consolidation phase. The breakout is backed by strong price acceptance above the recent consolidation zone of ₹640-660, suggesting that the prior resistance has flipped into a support base.
Lloyds Metals & Energy is recommended as a buy with target prices of ₹1,920-₹2,000 and stop loss at ₹1,700. According to Geojit Investments, the stock is shaping up for a strong bullish move, backed by a confluence of pattern breakout and improving momentum. The stock has broken out of a well-defined symmetrical triangle, signaling the end of a consolidation phase and the potential resumption of the broader uptrend. Price is now trading near the upper boundary with constructive price action, indicating accumulation at higher levels rather than distribution.
All three recommendations are supported by strong technical indicators across momentum and structure analysis. As reported by Geojit Investments, momentum indicators for Honasa show MACD delivering a fresh bullish crossover with histogram expansion pointing to strengthening upward momentum. For MSTC, RSI is holding in a strong zone above 60, reflecting persistent buying strength without showing signs of immediate exhaustion. Lloyds Metals & Energy is approaching a Supertrend buy signal and MACD is on the verge of a bullish crossover, suggesting a shift from corrective to impulsive momentum.
