Samvardhana Motherson International (₹95.17)
Bears have the upper hand
The stock of Samvardhana Motherson International, after facing a resistance at ₹106 in June, started to fall and ended the corrective rally. Notably, the trend has been bearish since October last year. The bears have the upper hand and are gaining more traction. Thus, the stock can fall further towards ₹85.
Hence, traders can go short on the stock now at ₹95.20 and place a stop-loss at ₹100.50. When the stock drops to ₹90, tighten the stop-loss to ₹95. Liquidate the trade at ₹85.
SJVN (₹99.52)
Trend turning bullish
SJVN’s stock appreciated 8.2 per cent last week and the price is now above the 21-day moving average. The scrip has formed a higher base and the existing chart set up hints at further rally. While there is a notable resistance at ₹105, given the prevailing price action, we expect the stock to surpass this level and rise to ₹120.
Therefore, traders can go long at ₹99.50 and buy more shares if the price dips to ₹95. Place stop-loss at ₹90. When the stock breaks out of ₹105, revise the stop-loss to ₹95. Tighten the stop-loss further to ₹108 when the stock hits ₹115. Book profits at ₹120.
Cipla (₹1,592.30)
Breaks out of a resistance
The stock of Cipla has gained a little over 7 per cent over the past two weeks. This has lifted the price above a resistance at ₹1,575. From the current level, there might be some moderation to ₹1,540. But eventually, the uptrend is likely to resume and we might witness the stock appreciating to ₹1,800 before the end of this year.
So, participants can consider buying now at ₹1,592 and accumulate at ₹1,540. Place stop-loss at ₹1,440. When the stock touches ₹1,700, revise the stop-loss to ₹1,630. On a rally to ₹1,750, alter the stop-loss to ₹1,700. Exit at ₹1,800.
Published on August 23, 2025
