Trade Spotlight: How to Trade Bharti Airtel, Bajaj Finance, Chambal Fertilisers, Ashok Leyland, Nestle India & More on February 27
Trade Spotlight : The Indian stock market ended a rangebound session on February 25, with benchmark indices closing flat. The market breadth favored the bears, with 1,615 stocks declining against 988 advancing on the NSE. Despite the current bearish sentiment, Nifty 50 may see a rebound in the upcoming session. However, a “sell on rally” strategy is advisable unless there is a decisive trend reversal.
Let’s analyze key stocks and their potential trading strategies for February 27, based on expert insights and technical patterns.
Ashok Leyland (CMP: ₹227.23)
Technical View
Ashok Leyland has formed a strong bullish structure with higher highs and higher lows on the daily chart. The stock is trading above both short-term and medium-term moving averages, indicating a continuation of the uptrend.
- Support Level: ₹219
- Resistance Level: ₹240
- Strategy: Buy
- Target: ₹240
- Stop-Loss: ₹219
Conclusion:
If the stock sustains above ₹219, a further rally toward ₹240 is expected.
Chambal Fertilisers (CMP: ₹564.2)
Technical View
Chambal Fertilisers surged 4.9% on February 25, forming a long bullish candle on the daily chart. The stock is above its 20-day and 50-day SMAs, maintaining a higher bottom formation, which signals strength.
- Support Level: ₹545
- Resistance Level: ₹600
- Strategy: Buy
- Target: ₹600
- Stop-Loss: ₹545
Conclusion:
The stock remains positive as long as it trades above ₹545.
HDFC Bank (CMP: ₹1,682.35)
Technical View
After a short-term correction, HDFC Bank found support near the 200-day SMA and reversed upwards. A reversal pattern on daily charts indicates a fresh uptrend.
- Support Level: ₹1,650
- Resistance Level: ₹1,750
- Strategy: Buy
- Target: ₹1,740 – ₹1,750
- Stop-Loss: ₹1,650
Conclusion:
The trend reversal move may continue toward ₹1,750 in the near term.
Cholamandalam Financial Holdings (CMP: ₹1,568.4)
Technical View
The stock has broken out of its consolidation range of ₹1,430 – ₹1,550. A bullish crossover in MACD and an upper Bollinger band breakout indicate positive momentum.
- Support Level: ₹1,530
- Resistance Level: ₹1,770
- Strategy: Buy
- Target: ₹1,680 – ₹1,770
- Stop-Loss: ₹1,530
Conclusion:
A decisive breakout above ₹1,605 can push the stock toward higher levels.
Bajaj Finance (CMP: ₹8,488.8)
Technical View
Bajaj Finance surged 1.60% in the last session, outperforming its sector and the broader market. The stock is near its key resistance at ₹8,530, and a breakout could lead to fresh highs.
- Support Level: ₹8,170
- Resistance Level: ₹9,260
- Strategy: Buy
- Target: ₹8,870 – ₹9,260
- Stop-Loss: ₹8,170
Conclusion:
If the stock breaks above ₹8,530, expect a rally toward ₹9,260.
TCPL Packaging (CMP: ₹4,152.4)
Technical View
TCPL Packaging gained 7.79% on February 25, forming a rounding bottom pattern. The breakout above ₹3,830 confirms a strong trend.
- Support Level: ₹3,940
- Resistance Level: ₹4,550
- Strategy: Buy on dips
- Target: ₹4,500 – ₹4,550
- Stop-Loss: ₹3,940
Conclusion:
A buy-on-dips approach is recommended to ride the trend.
Nestle India (CMP: ₹2,250.4)
Technical View
Nestle India is consolidating near key support levels and is trading above the 10-day moving average. Rising volumes indicate strong accumulation.
- Support Level: ₹2,200
- Resistance Level: ₹2,380
- Strategy: Buy
- Target: ₹2,380
- Stop-Loss: ₹2,200
Conclusion:
A breakout above the recent swing high could trigger a fresh rally.
Bharti Airtel (CMP: ₹1,641.4)
Technical View
Bharti Airtel has formed a bullish engulfing pattern on the daily chart, suggesting a potential uptrend.
- Support Level: ₹1,605
- Resistance Level: ₹1,715
- Strategy: Buy
- Target: ₹1,715
- Stop-Loss: ₹1,605
Conclusion:
Sustaining above ₹1,645 could drive the stock toward ₹1,715.
Key Financial Ratios
| Stock | P/E Ratio | P/B Ratio | ROE (%) | Dividend Yield (%) |
|---|---|---|---|---|
| Ashok Leyland | 23.5 | 3.8 | 14.2 | 1.5 |
| Chambal Fertilisers | 18.2 | 2.5 | 12.8 | 2.1 |
| HDFC Bank | 20.6 | 3.2 | 16.4 | 1.2 |
| Cholamandalam Finance | 27.3 | 4.1 | 15.9 | 0.9 |
| Bajaj Finance | 33.7 | 6.2 | 18.5 | 0.7 |
| TCPL Packaging | 16.4 | 2.9 | 14.1 | 1.8 |
| Nestle India | 80.2 | 45.1 | 91.3 | 1.1 |
| Bharti Airtel | 26.8 | 4.7 | 14.7 | 0.5 |
Final Thoughts
The stock market is experiencing a mix of bearish pressure and selective bullish momentum. Stocks like Bajaj Finance, Nestle India, and Bharti Airtel show strong breakout potential, while others like Ashok Leyland and Cholamandalam Financial remain in a solid uptrend. Traders should focus on key support and resistance levels to make informed decisions.
📢 Stay tuned for more updates and trade wisely! 🚀
For more market insights, follow our news.
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.