Stocks to buy: Trent, ITC and Hero MotoCorp on investors’ radar

Stocks that were in focus include names like Trent, which fell marginally and ITC, which declined 1.5% and Hero, whose shares rose 0.8% on Tuesday.

Here’s what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today.

ITC

The stock touched a major resistance mark of 463 and saw some profit booking coming in at higher levels. It has now touched an immediate support mark of 447 and seeing some signs of reversal coming in from lower levels.A strict stoploss should be kept at 440 mark to manage risk well and upper hand we can see 470-475 coming back in from here on.

Trent

The overall technical structure of trent is looking to be on the negative side as the stock witnesses a breakdown below its immediate support mark and sees a re-test to the support turned resistance mark.An immediate support is placed at the 5650 mark below which the stock can slip towards 5500 odd levels. Overall trend structure looks to be negative.

Hero MotoCorp

The stock has touched its immediate support mark of 4238 and seeing some signs of rebound and strength coming in from lower levels. A strict stoploss should be kept at 4200 mark which if broken can bring in weakness in the stock.

On the upside 4420 and 4500 look to be the potential targets with risk reward favouring buyers at these levels.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)