How Should You Trade Voltas, Force Motors, Cummins India, Bharat Dynamics, Blue Star, Fortis Healthcare, and Others on March 5?

How Should You Trade Voltas, Force Motors, Cummins India, Bharat Dynamics, Blue Star, Fortis Healthcare, and Others on March 5?

Voltas : The Indian stock market saw range-bound trading on March 4, with the benchmark indices closing off their day’s low. Market breadth turned favorable for the bulls as 1,573 stocks advanced against 1,066 declining stocks on the NSE. Given this trend, traders can expect a consolidation phase, with the continuation of the “sell on rally” strategy. Below, we analyze key stocks, including Voltas, Force Motors, Cummins India, Bharat Dynamics, Blue Star, Fortis Healthcare, and others, and provide actionable trading strategies.


Key Stock Recommendations for March 5

Voltas (CMP: ₹1,409.55)

Voltas is exhibiting a strong uptrend, trading in a rising channel pattern on both daily and weekly charts. A higher high and higher low series pattern indicate positive momentum. Additionally, the RSI (Relative Strength Index) supports further bullish movement.

  • Strategy: Buy
  • Target: ₹1,510
  • Stop-Loss: ₹1,360

Cummins India (CMP: ₹2,861.10)

Cummins India has broken out from a symmetrical triangle pattern, forming a strong bullish candlestick on the daily chart. The stock has also formed a higher bottom, confirming the bullish trend.

  • Strategy: Buy
  • Target: ₹3,050
  • Stop-Loss: ₹2,760

Force Motors (CMP: ₹7,154)

Force Motors is currently trading above its 20, 50, 100, and 200-day moving averages (DMA), signaling a strong uptrend across all timeframes. The stock recently surpassed the critical resistance zone of ₹7,000–7,050, which strengthens its bullish outlook.

  • Strategy: Buy
  • Target: ₹7,650
  • Stop-Loss: ₹6,850

Bharat Dynamics (CMP: ₹1,049)

Bharat Dynamics has found strong support at its 100-week EMA and an upward-sloping trendline. A bullish “Hammer” candlestick pattern formed on March 3 suggests a potential trend reversal in the short term.

  • Strategy: Buy
  • Target: ₹1,125
  • Stop-Loss: ₹1,000

Schaeffler India (CMP: ₹3,212.7)

Schaeffler India recently gained over 4% with increased trading volume, a strong bullish signal. The stock has broken out of its consolidation range of ₹3,010–₹3,200, indicating a fresh rally. The MACD also suggests a bullish crossover.

  • Strategy: Buy
  • Target: ₹3,390, ₹3,520
  • Stop-Loss: ₹3,120

Blue Star (CMP: ₹2,100.65)

Blue Star has been on an upward trajectory, gaining over 18% since February 27. Despite broader market weakness, the stock has remained strong. It has also closed above the upper Bollinger Band, signaling further strength.

  • Strategy: Buy
  • Target: ₹2,210, ₹2,300
  • Stop-Loss: ₹2,020

Fortis Healthcare (CMP: ₹639.1)

Fortis Healthcare has been trading in a rectangular consolidation zone, indicating accumulation. A breakout above ₹645 will likely trigger a fresh rally toward its previous swing highs.

  • Strategy: Buy
  • Target: ₹670, ₹700
  • Stop-Loss: ₹618

Market Outlook and Strategy

The market is expected to remain in a consolidation phase, with investors adopting a “sell on rally” approach. While the overall sentiment remains positive for select stocks, traders should remain cautious of resistance levels and stick to strict stop-loss strategies. Technical indicators across the mentioned stocks suggest strong bullish potential, making them ideal for short-term trading.

For investors looking at sectoral trends, stocks in the infrastructure, healthcare, and consumer goods sectors are exhibiting strong momentum. With the upcoming earnings season, traders should also keep an eye on fundamental developments that might impact these stocks.


Key Financial Ratios of Recommended Stocks

Below is a summary of important financial metrics for the recommended stocks:

StockP/E RatioP/B RatioROE (%)Debt-to-EquityDividend Yield (%)
Voltas75.27.910.80.120.38
Cummins India38.48.219.50.022.07
Force Motors11.61.916.30.450.65
Bharat Dynamics54.310.117.20.051.38
Schaeffler India52.812.322.80.010.86
Blue Star55.914.518.40.330.91
Fortis Healthcare36.75.114.90.180.00

These financial ratios help assess the valuation, profitability, and financial health of the companies, providing further insights for traders and investors.


Final Thoughts

March 5 presents a mix of trading opportunities, with several stocks showing strong bullish patterns. Stocks like Voltas, Cummins India, Force Motors, and Blue Star are poised for an upward move, making them attractive options for short-term traders. However, it is crucial to follow stop-loss levels and closely monitor broader market trends to mitigate risks.

Traders should also keep an eye on global market trends, interest rate movements, and upcoming economic data releases, as these factors can influence market sentiment. By combining technical analysis with fundamental insights, investors can make well-informed trading decisions.

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Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resource like ET,  NSE India.

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.

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