Market Trading Guide: Adani Power among 2 stock recommendations for Friday

Bajaj Holdings and Adani Power feature among two trading picks for Friday, with analysts identifying entry levels, stop losses and upside targets.

Analysts say near-term sustainability will depend on Q2 earnings delivering on revenue and margins, broader market participation and evidence of returning foreign flows, while durable stability in oil and the currency remains crucial amid geopolitical and global inflation risks.

Buy Bajaj Holdings at Rs 11,220-11,225 | Stop loss: Rs 10,770 | Target: Rs 12,100

Bajaj Holdings is showing a strong bullish recovery, with the latest session closing at ₹11,225, up 4.19%, supported by a strong bullish candle and improved buying momentum. The stock has moved above its key moving averages, indicating a potential improvement in the short-term trend. The RSI has rebounded sharply toward 57, crossing above the 50 mark and its signal line, suggesting strengthening bullish momentum without entering the overbought zone. Sustaining above ₹11,100 could support further upside toward recent resistance levels around Rs 11,900–12,100.

Virat Jagad, Sr. Technical Research Analyst, at Bonanza Portfolio Ltd

Buy Adani Power at Rs 196-197 | Stop loss: Rs 188.5 | Target: Rs 212

Adani Power is showing signs of a potential recovery after finding support near the Rs 185–190 zone, with the latest session closing at ₹196.50. The stock has witnessed a positive rebound from recent lows, indicating improving buying interest near its long-term moving average. The RSI has recovered from the oversold region toward the 45–50 zone, suggesting that bearish momentum is easing. A sustained move above Rs 200–205 could strengthen the recovery and open the possibility of further upside, while Rs 190 remains an important support zone.

Virat Jagad, Sr. Technical Research Analyst, at Bonanza Portfolio Ltd

Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclosures here.