Buy, Sell or Hold: What should investors do with Affle India, Balrampur Chini and Triveni Engineering?

The Indian markets closed with gains of over 1 per cent on Tuesday. The S&P BSE Sensex rose nearly 700 points, while the Nifty50 closed above the 17800 levels, which is a positive sign.

Sectorally, buying was seen in the power, utilities, energy, public sector, and infra stocks, while selling pressure was visible in healthcare, realty, and metals.

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Stocks that were in focus included Affle India that closed with gains of over 10 per cent, Balrampur Chini closed with gains of over 14 per cent, and Triveni Engineering rose over 11 per cent.

Here's what Vijay Dhanotiya, Lead of Technical Research at CapitalVia Global Research Limited, recommends investors should do with these stocks when the market resumes trading today:

Affle India: Buy

Affle India had given a breakout from a Cup and Handle formation. The stock has been trading in the momentum since then, but we have observed indicators like EMA and MACD indicating a positive momentum in the stock that is likely to continue.

We recommend a buy in Affle India above Rs 1,320 with a target of 1,650 with a stop loss can be placed below Rs 995.

Triveni Engineering: Buy

Triveni has given a breakout of an ascending channel. We have observed momentum indicators like EMA and RSI, indicating that the stock will gain momentum from these levels.

We recommend a buy in Triveni above 253 with a target of 320 and a stop loss can be placed below 195.

Balrampur Chini Mills: Buy

The stock has reversed from the support of 200 EMA and has given a breakout above its all-time high levels.

We have observed indicators like RSI and MACD indicating the momentum in the stock is likely to continue in the long run.

We recommend a buy in Balrampur Chini near the levels of 420 with a target of 520 and a stop loss can be placed below 350.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)