Stocks to Buy Today: M&M, Waaree Energies; Technical Analysis and Investment Strategy M&M and Waaree Energies shares have demonstrated strong bullish technical setups, according to Osho Krishan of Angel One, who recommends buying both stocks with defined stop-loss levels and target prices. The analysis highlights key technical indicators and market dynamics that support the bullish outlook for these equities. M&M has shown a significant recovery over the past week, breaking above its 20-day exponential moving average (EMA) on the daily chart after a prolonged corrective phase. The stock’s uptrend is reinforced by a runaway bullish gap and improving technical indicators, which signal continued upward momentum. Krishan notes that the stock is currently in an attractive accumulation zone for investors with a near to medium-term investment horizon. The recommendation is to buy M&M around ₹3220-3200, with a stop-loss set at ₹3020 and a target price range of ₹3450-3500. Waaree Energies has also exhibited a sustained upward movement, maintaining a position above its 200-day simple moving average (SMA) in recent weeks. The stock has formed multiple bullish patterns, including a double bottom and a flag breakout, which indicate a strong structural setup and a favorable near-term outlook. Technical indicators remain aligned with price momentum, further supporting the bullish bias and the potential for continued gains. Krishan recommends buying Waaree Energies around ₹3250-3200, with a stop-loss at ₹3050 and a target range of ₹3500-3560. The analysis emphasizes the importance of risk management, with stop-loss levels designed to protect investors from potential downside. The target prices reflect Krishan’s assessment of the stocks’ upside potential based on technical patterns and market conditions.#m_m #angel_one #osho_krishan #waaree_energies #angel_one_ltd
Crude oil surge impact: Auto, metal shares plunge up to 4.5%; Tata Motors PV, M&M, JSW Steel lead losses The sharp rise in crude oil prices has triggered significant declines in auto and metal sector stocks, with shares falling as much as 4.5% in early trading. Leading losers included Tata Motors PV, M&M, and JSW Steel, which saw their shares drop sharply amid heightened market volatility. The Nifty Metal index fell 4%, with all constituent stocks trading in the red, reflecting widespread pessimism. Auto stocks also remained under pressure, as all 15 companies in the Nifty Auto index declined, further amplifying the sector’s woes. Higher crude oil prices have intensified cost pressures for manufacturers, squeezing profit margins and dampening demand. Analysts noted that the surge in energy costs has disrupted supply chains and increased production expenses, making it difficult for companies to maintain profitability. The Nifty Auto index, which had already been struggling with weak sales and rising input costs, saw further declines as investors sold off shares in response to the unfavorable economic outlook. The metal sector was particularly hard-hit, with the Nifty Metal index dropping 4% in a single session. Companies like M&M and JSW Steel, which rely heavily on raw materials, faced sharper declines as higher oil prices pushed up their operational costs. Investors are also concerned about the broader implications of the crude oil surge, including potential inflationary pressures and reduced consumer spending power. Market participants attributed the sharp sell-off to a combination of factors, including the immediate impact of rising energy costs and broader concerns about economic growth.#tata_motors_pv #m_m #jsw_steel #nifty_metal #nifty_auto
M&M Share Price Live Updates The stock of M&M is currently trading at Rs 3439.2, showing a slight increase of 0.78% for the day, despite a broader decline of 7.85% over the past three months. Earlier in the day, the stock saw a more significant rise, reaching Rs 3451.20, which reflects a 1.13% gain. This upward movement is supported by a 5-day simple moving average of Rs 3457.08, indicating a positive trend in recent trading activity. Further updates show the stock is valued at Rs 3451.80, marking a 1.15% increase for the day. The 7-day exponential moving average stands at Rs 3452.94, reinforcing the notion of a gradual upward trajectory. However, the stock has faced challenges in the short term, with a 3.41% decline recorded for the week, signaling a difficult period for the company in the current market environment. Financial analysts note that M&M's six-month beta of 1.4705 highlights its sensitivity to market fluctuations, suggesting the stock may outperform or underperform the broader market depending on external conditions. Despite recent gains, the company's 3-month returns have dropped by 8.98%, raising concerns about its financial outlook in the near term. The stock's performance has been mixed, with short-term volatility contrasting against longer-term trends. Investors are closely monitoring the company's ability to navigate these challenges, as the stock continues to reflect both resilience and uncertainty in the market.#stock #m_m #rs_3451_20 #rs_3451_80 #rs_3452_94
