Adani Green, Hero MotoCorp, Coforge: How to trade these 3 buzzing stocks

Adani Green, Hero MotoCorp, Coforge: How to trade these 3 buzzing stocks

The stock market is witnessing high activity in Adani Green, Hero MotoCorp, and Coforge as traders look for potential opportunities. Here’s how analysts suggest trading these stocks:

1. Adani Green

According to an analyst from YES Securities, Adani Green has seen a sharp correction of 63% from its peak price of ₹2,091 in the last five months. The stock has now entered oversold territory on technical indicators, indicating a possible bounce-back.
Trade Strategy:

  • Support Level: ₹740
  • Resistance Level: ₹900
  • Recommendation: Buy on dips with a target of ₹900

2. Hero MotoCorp

Hero MotoCorp is showing bullish momentum after strong monthly sales data and positive sentiment in the auto sector. The stock is trading above its 50-day moving average, indicating a potential upside.
Trade Strategy:

  • Support Level: ₹4,450
  • Resistance Level: ₹4,700
  • Recommendation: Buy with a stop-loss of ₹4,400

3. Coforge

IT services firm Coforge is witnessing profit booking after a strong rally in the last few weeks. However, analysts expect the stock to regain momentum due to positive order book growth and stable earnings outlook.
Trade Strategy:

  • Support Level: ₹5,450
  • Resistance Level: ₹5,800
  • Recommendation: Hold with a target price of ₹5,800

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