Bharti Hexacom (₹1,843.65)
Bulls gain strength
The stock of Bharti Hexacom, which gained 3.7 per cent last week, surpassed a resistance at ₹1,830. Notably, it bounced off the support at ₹1,730 last week. Overall, the price action shows that the bulls have been gaining strength. Until the support at ₹1,730 holds, the stock will retain the bullish bias.
In the near-term, we expect the price to rally to ₹2,000. Go long on Bharti Hexacom at ₹1,840 and buy more shares if the price dips to ₹1,800. Keep stop-loss at ₹1,710. When the price rises to ₹1,920, revise the stop-loss to ₹1,820. On a rally to ₹1,960, alter the stop-loss to ₹1,900. Exit at ₹2,000.
Emami (₹619.10)
Forms higher low
Powered by the rally in the last two sessions, the stock of Emami appreciated nearly 8 per cent last week. The price action on the chart shows that it has formed a higher low and the price has now crossed over both 21- and 50-day moving averages. While there might be a price correction, the broader trend is bullish, and we expect the stock to touch ₹820 over the next few months.
So, buy the stock of Emami at ₹615 and accumulate at ₹580. Place stop-loss at ₹540. When the stock runs up to ₹700, modify the stop-loss to ₹650. Raise the stop-loss to ₹720 when the price hits ₹760. Liquidate the longs at ₹820.
Varun Beverages (₹511.55)
Shift in trend
The stock of Varun Beverages posted gains in the two of the last three weeks. The price action hints that the bulls are gaining ground and there is a shift in the broader trend. That said, going ahead, we are likely to see its price moderate to ₹485. But then, the probability is high for the scrip to resume the uptrend.
Before the end of this year, there is a good chance for the stock to touch ₹620. Buy at ₹510 and ₹485. Keep a stop-loss at ₹440. When the price hits ₹550, alter the stop-loss to ₹500. Tighten the stop-loss further to ₹520 when the stock appreciates to ₹580. Book profits at ₹620.
Published on August 2, 2025
