How Should You Trade SRF, Berger Paints, Narayana Hrudayalaya, SBI Card, Bajaj Finance, and Others on February 28?
Trade SRF : The stock market continued its consolidative trend on February 27, with benchmark indices closing flat-to-negative for the seventh consecutive session. Market breadth remained weak as selling pressure dominated, with 2,162 stocks declining against only 459 advancing on the NSE. Until indices break the range decisively, this consolidation phase is likely to persist. However, some stocks present strong trading opportunities for February 28, based on technical analysis and market trends. Let’s take a closer look at key stocks and how traders can approach them.
1. SRF (CMP: ₹2,854) – Bullish Momentum Emerging
SRF has successfully retested its breakout from a consolidation phase, backed by high trading volumes. The Stochastic indicator has bounced back from the oversold zone, reinforcing bullish sentiment.
📌 Strategy: Buy
🎯 Target: ₹3,030
🛑 Stop-Loss: ₹2,775
2. Berger Paints (CMP: ₹505.25) – Ready for an Upside Breakout
Berger Paints is showing resilience against broader market weakness. The stock has broken out of a consolidation zone and is moving higher with rising volumes. Additionally, the MACD indicator is trending upward, signaling strength.
📌 Strategy: Buy
🎯 Target: ₹528
🛑 Stop-Loss: ₹493
3. Bajaj Finance (CMP: ₹8,705.4) – Bullish Continuation Expected
Bajaj Finance has broken out from a symmetrical triangle pattern, indicating bullish momentum. The RSI is currently at 71, suggesting strength, while the stock is forming higher highs and higher lows.
📌 Strategy: Buy
🎯 Target: ₹10,000, ₹10,200
🛑 Stop-Loss: ₹8,200
4. Zomato (CMP: ₹229) – On the Verge of a Breakout
Zomato has been forming higher lows while trading near a descending trendline. Increased trading volume suggests strong buyer interest, and a breakout above ₹235 could trigger a rally.
📌 Strategy: Buy
🎯 Target: ₹260, ₹270
🛑 Stop-Loss: ₹216
5. Aarti Pharmalabs (CMP: ₹740.25) – Strong Uptrend in Play
Aarti Pharmalabs continues its upward trajectory with high relative strength. The stock recently witnessed a bullish mean reversion from the 12-day EMA, further confirming its strong momentum.
📌 Strategy: Buy
🎯 Target: ₹861
🛑 Stop-Loss: ₹684
6. Narayana Hrudayalaya (CMP: ₹1,491) – Poised for a Breakout Rally
This stock has broken out of a 13-month consolidation phase with strong volumes. It remains in an uptrend, with support near its 12-month average. The MACD indicator confirms momentum acceleration.
📌 Strategy: Buy
🎯 Target: ₹1,711
🛑 Stop-Loss: ₹1,398
7. Gabriel India (CMP: ₹483.1) – Strong Technical Setup
Gabriel India is showing a bullish reversal on the weekly chart, with a polarity shift turning previous resistance into support. A double-bottom formation at a key Fibonacci retracement level signals a positive outlook.
📌 Strategy: Buy
🎯 Target: ₹560
🛑 Stop-Loss: ₹457
8. SBI Cards and Payment Services (CMP: ₹856.75) – Breaking Out from a Long-Term Downtrend
SBI Card has broken out from a multi-year sloping trendline, displaying strong relative strength compared to the broader market. The MACD indicator suggests accelerating bullish momentum.
📌 Strategy: Buy
🎯 Target: ₹978
🛑 Stop-Loss: ₹806
📊 Key Financial Ratios of Highlighted Stocks
| Stock Name | P/E Ratio | P/B Ratio | ROE (%) | Debt-to-Equity Ratio | Market Cap (₹ Cr) |
|---|---|---|---|---|---|
| SRF | 41.5 | 6.3 | 18.2 | 0.32 | 85,600 |
| Berger Paints | 74.2 | 16.1 | 22.5 | 0.08 | 49,500 |
| Bajaj Finance | 34.8 | 7.2 | 18.9 | 3.12 | 2,57,000 |
| Zomato | N/A | 6.8 | -2.4 | 0.04 | 1,99,000 |
| Aarti Pharmalabs | 37.2 | 4.5 | 14.1 | 0.45 | 9,800 |
| Narayana Hrudayalaya | 42.8 | 9.3 | 21.7 | 0.11 | 31,400 |
| Gabriel India | 26.4 | 5.2 | 16.9 | 0.02 | 7,100 |
| SBI Cards | 31.6 | 8.9 | 24.5 | 3.8 | 81,300 |
💡 Final Thoughts
The broader market remains in a consolidative phase, but selective stocks are displaying strong momentum. Traders should focus on stocks showing bullish breakouts, strong technical setups, and increasing volume. Setting appropriate stop-loss levels is crucial to managing risk effectively.
For investors looking for long-term opportunities, financial ratios like P/E, P/B, and ROE should be considered along with technical signals. Given the current market volatility, maintaining a disciplined approach is key to successful trading.
Would you trade these stocks today? Let us know your thoughts in the comments below!
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.