Movers & Shakers: Stocks That Will See Action This Week

DLF (₹776)

Trend turns positive

DLF’s stock, after consolidating in the ₹620-700 range for nearly two months, saw a breakout of the upper end of the range last week. It has been rallying over the past two weeks, showing a strong positive momentum. These factors indicate an upward reversal in trend. There might be some moderation in price, possibly to ₹700, before the next uptrend. But once the rally resumes, the stock can rise to ₹1,100.

Note that there might be some slowdown in rally at around ₹1,000. Traders can go long at ₹776 and at ₹710. Place stop-loss at ₹650. When the price hits ₹900, revise the stop-loss to ₹820. Tighten the stop-loss to ₹930 when the stock hits ₹1,000. Book profits at ₹1,100.

NBCC (India) (₹112.48)

Bulls take charge

A couple of weeks ago, the stock of NBCC (India) saw a notable rally. This has taken the stock above a key barrier at ₹100. Last week’s price action shows some slowdown in the uptrend. However, this is only likely to be temporary, and the buyers are expected to come in and lift the price higher. But there might be a minor dip to ₹100.

On the upside, the stock can move to ₹125 and then see another corrective decline to ₹115. After this, it can see a leg of up-move to ₹180. Go long at ₹112 and at ₹100. Keep a stop-loss at ₹80. Trail the stop-loss to ₹135 when the stock hits ₹150. Raise the stop-loss further to ₹150 when the price touches ₹165. Liquidate the longs at ₹180.

Welspun Living (₹152.20)

Positive shift in trend

Three weeks ago, the stock of Welspun Living saw a considerable rally which took it above a resistance at ₹140. This upswing also took the price above both 21- and 50-week moving averages, indicating a potential bullish reversal in trend. From the current level, the stock can rise to ₹180 in the next upswing. Post this, we might see a minor correction, possibly to ₹160.

From ₹160, the stock can then see a rally which can lift the price to ₹200 and then to ₹250 over the next few months. Buy at ₹152 and ₹130. Stop-loss can be ₹100. When the stock hits ₹180, alter the stop-loss to ₹150. On a rally to ₹220, exit half of the longs. For the remaining position, maintain stop-loss at ₹190. Exit them at ₹250.

Published on May 24, 2025