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    Stocks to buy: Vodafone Idea, IRCTC and HAL on investors’ radar



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    Benchmark indices tanked more than 1% on Tuesday amid unabated foreign fund outflows and fresh US tariffs that reignited trade war fears.

    Stocks that were in focus include names like Vodafone Idea, which fell 4% and IRCTC, which declined 3% and HAL, whose shares fell 3.6% 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.

    Vodafone Idea

    The stock is trading above its trendline support of 8.22 and trading in a positive up-trend. With technical structure being positive and stock being well above its support, we advise a strict stoploss at 8.00 for all existing longs and overhead upside targets of 10 and 10 to come on in the stock as the uptrend resumes its phase.

    Growfast

    IRCTC

    The stock has touched its major support mark of 735 and showing signs of reversal. We advise traders to maintain a strict SL at 735 and book profits near 820-840 odd levels in the stock. Technical structure as of present situations look positive and stock can head higher from here on.

    HAL

    The stock is trading above its major support of 3360 and showing good signs of strength. With the stock being in its oversold conditions we can see stock going towards 4000 odd levels once before dropping down further. However investors should remain cautious here, traders can maintain a strict SL at 3575 and hold on to their trading positions.

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

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    https://economictimes.indiatimes.com/markets/stocks/news/stocks-to-buy-vodafone-idea-irctc-and-hal-on-investors-radar/articleshow/118160100.cms

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