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SEBI-registered analyst Krishna Pathak shared his stock recommendations during an ask-me-anything (AMA) session on Stocktwits on Tuesday. Based on strong technical indicators, he sees short-term opportunities for KNR Construction, Hindustan Copper, and Waaree Energies.
Let’s take a look at his rationale behind these bets:
KNR Construction
Pathak recommended a short-term play on KNR Construction, with entries on dip between ₹200 and ₹210, where past buying interest was visible. He has set potential upside targets at ₹250, ₹266, and ₹275.
On the technical charts, Pathak noted that its 9-week exponential moving average (EMA) at ₹220 is currently acting as support. The stock has been trading in a range, facing resistance near ₹220 and finding strong support around ₹185.
Its stochastic Relative Strength Index (RSI) is near the overbought zone. A breakout above ₹220 could lead to targets of ₹250–₹266, while a breakdown below ₹185 may trigger a deeper fall.
KNR Construction shares have fallen 37% year-to-date (YTD).
Hindustan Copper
Pathak also sees a short-term opportunity in Hindustan Copper. He recommends buying it on dips to ₹240-₹250, with potential upside targets at ₹316, ₹355, and ₹377.
On the technical side, he highlighted that its 9-week EMA of ₹270 is currently acting as resistance. The stock has formed a round-bottom pattern and is currently confirming it by retesting the support level.
A breakout above ₹275 could lead to targets of ₹316–₹355, while a breakdown below ₹215 may trigger a deeper fall, he added.
Hindustan Copper shares have gained 11% year-to-date (YTD).
Waaree Energies
Pathak noted that Waaree Energies' 9-week EMA at ₹3,000 is currently acting as dynamic support. The stock is testing resistance near ₹3,025 and attempting a breakout.
He identified a strong add-on buying zone between ₹2,960–₹2,980, backed by past demand. Its Stochastic RSI is trending between the middle and upper bands, signaling potential short-term movement.
A confirmed breakout above ₹3025 may open the path towards ₹3,176–₹3,290 levels. However, a breakdown below ₹2,900 could invite further downside, according to him.
Waaree Energies shares have gained 7% year-to-date (YTD).
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