Stocks to buy: Trent, Hindalco and Siemens on investors’ radar

Stock markets crumbled on Monday with benchmark Sensex sinking by 2,226.79 points – its steepest single-day decline in 10 months – as a global market carnage following US President Donald Trump’s tariff hikes and retaliation from China.

Stocks that were in focus include names like Trent, which fell 14% and Hindalco, which declined 6% and Siemens, whose shares fell 4% on Monday.

Here’s what Viral Chheda, Sr Analyst SSJ Finance and Securities, recommends investors should do with these stocks when the market resumes trading today.

Trent

After making an all time high around 8345 in Nov 2024, stock has witnessed a Bear Run to make the 52 week low of 4488 odd levels. Price has given almost 46% downside move from its higher level of 8345 odd levels as bears were having upper hand over price.

The stock is currently trading below its previous lower level of 4715 and with rise in volume we can see further dip till 4200-3900 odd levels. Currently stock is in bearish trend and any upside move from here can be an opportunity to exit from the stock. At this level it is a no buy zone and if anybody wants to buy can wait for the dips till 4200. For long term stock is good and can be bought at every dip. Hence at current level one should avoid buying at current level and can sell the stock at every rise.

Hindalco

After making an all time high around 773 in Oct 2024, stock has witnessed a Bear Run to make the low of 546 odd levels. Price has given almost 30% downside move from its higher level of 773 odd levels as sellers were having full control over price.At higher level stock has made a Head and Shoulders Pattern with neckline making around 570 odd levels. As the price is currently moving below its neckline level we can see further dip till 500-460 levels.

The stock is in bearish trend and any upside move from here can be an opportunity to exit from the stock. At current level we should avoid buy and can be bought at every dip till 500. For long term stock is good and can be bought at every dip. Hence at current level one should avoid buying at current level and can sell the stock at every rise.

Siemens

After making triple top around 8100 in Oct 2024, stock has witnessed a Bear Run to make the 2 years low of 2450 odd levels. Price has given almost 70% downside move from its higher level of 8100 odd levels as bears were having upper hand over price. IN current week we have seen 50% correction as there is a Spin OFF in the stock making the price half of the previous day’s closing level.

The stock has strong support around 2400-2200, making it a good buying zone for the long term. One can buy this stock if the price comes near its range of support or within the range. On the higher side we can see the price to go up till 3500-3800 in the coming 10-12 months.

Hence one can buy at dips of 2600 and further more at dips of 2400 with stop loss of 2200 on weekly closing basis and upside can be seen till 3500-3800 in the coming 10-12 months.