Cyient (₹1,119.85)
Bear trend intact
The stock of Cyient has been on a decline since June after it faced a barrier at ₹1,350. While it has been moving in a sideways direction in the recent weeks, i.e., between ₹1,100 and ₹1,200, the broader downtrend appears intact. We expect the bears to regain traction in the coming days and drag the stock below the support at ₹1,100.
This can lead to a decline to ₹1,000. Hence, traders can consider going short on the stock if the price inches up to ₹1,150. Place stop-loss at ₹1,225. When the price declines to ₹1,050, move the stop-loss lower to ₹1,100. Liquidate the trade at ₹1,000.
Hyundai Motor India (₹2,320.75)
Forms a base
The stock of Hyundai Motor India has been charting a sideways trend in the recent weeks. But the broader price action shows that it has formed a good base at ₹2,350 after witnessing a decline. The weekly chart indicates good buying at around ₹2,350. So, the probability of a rally is high. In the short term, we forecast the price to hit ₹2,600.
Therefore, participants can go long now at ₹2,320 and place stop-loss at ₹2,220. When the scrip reaches ₹2,500, move the stop-loss up to ₹2,350. Raise the stop-loss further to ₹2,490 when the price touches ₹2,550. Book profits at ₹2,600.
Nuvama Wealth Management (₹1,494.05)
Breaks out of a resistance
The stock of Nuvama Wealth Management has been consolidating between ₹1,400 and ₹1,500 since mid-October. But on December 24, it broke out of the resistance at ₹1,500, opening the door for further rally. From the current level, the price might drop to ₹1,460. But then, we expect it to resume the uptrend and hit ₹1,700 in the near term.
So, traders can buy the stock now at ₹1,494 and accumulate at ₹1,460. Place initial stop-loss at ₹1,380. When the price rises to ₹1,600, revise the stop-loss to ₹1,500. Tighten the stop-loss to ₹1,590 when the stock touches ₹1,650. Exit at ₹1,700.
Published on December 27, 2025
