Buy, Sell or Hold: What should investors do with Greaves Cotton, Suzlon and Vodafone Idea?

Indian stock markets closed in the green for the third consecutive day in a row on Tuesday. The S&P BSE Sensex rallied by more than 200 points while the Nifty50 closed above 18,050 levels.

Sectoral buying was seen in power, utilities, IT and realty while selling was seen in metals, telecom, FMCG, and public sector.

See Zee Business Live TV Streaming Below:

Stocks that were in focus include Greaves Cotton that closed with gains of over 13 per cent, Suzlon Energy closed with gains of nearly 5 per cent and Vodafone Idea fell by over 20 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:

Greaves Cotton: Buy

Greaves Cotton has given a breakout above its all-time high. The stock has been trading in momentum since then.

We have observed that indicators like EMA and MACD are indicating positive momentum in the stock and which is likely to continue.

We recommend a buy in Greaves Cotton near the level of 200 with a target of 265, and a stop loss can be placed below 150.

Suzlon: Buy

Suzlon has given a breakout from 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 Suzlon above 12.50 with a target of 21, and a stop loss can be placed below 6.

Vodafone Idea: Buy

We have seen a small correction in the stock, and we expect a reversal from the support level of 200-EMA.

We recommend a buy on Vodafone with the levels near 10, and a target of 26. A stop loss can be placed below Rs 5.50.

(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.)