Market Trading Guide: Dalmia Bharat, TVS Motor are stocks to buy on Friday for short term gains up to 5%. Here’s why – Stock Ideas

Stop Loss: Rs 2,770

Target: Rs 2,880

TVS Motor opened at Rs 2,802.50 and closed at Rs 2,805.00, holding onto minor gains but flashing a far more important technical signal. On the hourly chart, a classic bull flag and pole pattern has broken out, backed by a bullish candle and strong volume. The price also respected the 20- and 50-EMA, with the 20 EMA now crossing above the 50 EMA—often a precursor to continued upward momentum. RSI is near 60, showing bullish intent. With the stock trading above all key EMAs and the auto index showing strength, this looks like a solid setup. Buy at current levels; stop loss Rs 2,770, target Rs 2,880+.

(Harshita Darak, Technical Research Analyst at Bonanza)

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