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Equity markets extended their gains for the second session on May 26, with the Nifty 50 rising by 148 points and positive market breadth signaling bullish sentiment. Analysts expect some consolidation in the near term but remain optimistic about continued upside. Here’s a look at trading ideas and strategies from top analysts for select stocks to watch on May 27:
🔹 Great Eastern Shipping (CMP: ₹931.80)
Analyst: Jigar S Patel, Anand Rathi
The stock has broken out from a strong base after lagging its sector peers. Support is firm at ₹825, and momentum is building.
🟢 Strategy: Buy at ₹920–925
🎯 Target: ₹1,125
🔻 Stop-Loss: ₹825
🔹 Godrej Properties (CMP: ₹2,246.90)
A triangle breakout is on the horizon near ₹2,270, with RSI signaling strength.
🟢 Strategy: Buy only above ₹2,270
🎯 Target: ₹2,470
🔻 Stop-Loss: ₹2,170
🔹 Rail Vikas Nigam (CMP: ₹412.05)
Forming a bullish engulfing pattern after retracement, indicating a return of buying interest.
🟢 Strategy: Buy near ₹410
🎯 Target: ₹440
🔻 Stop-Loss: ₹395
🔹 HDFC Bank Futures – June (CMP: ₹1,944.70)
Analyst: Jay Thakkar, ICICI Securities
The bank is rangebound between ₹1,900–2,000, with signs of a possible upside breakout.
🟢 Strategy: Buy between ₹1,950–1,960
🎯 Target: ₹2,020, ₹2,060
🔻 Stop-Loss: ₹1,890
🔹 ITC Futures – June (CMP: ₹435.60)
Consolidation between ₹420–440 may lead to a breakout, supported by short covering.
🟢 Strategy: Buy on breakout
🎯 Target: ₹460, ₹475
🔻 Stop-Loss: ₹426
🔹 SBI Cards (CMP: ₹906.60)
After rallying from ₹650 to ₹930, consolidation within ₹860–930 could result in another breakout.
🟢 Strategy: Buy at ₹906–912
🎯 Target: ₹940, ₹960
🔻 Stop-Loss: ₹890
🔹 Dalmia Bharat (CMP: ₹2,056.10)
Analyst: Vidnyan Sawant, GEPL Capital
A breakout from 15-month consolidation signals long-term strength.
🟢 Strategy: Buy
🎯 Target: ₹2,303
🔻 Stop-Loss: ₹1,950
🔹 Pennar Industries (CMP: ₹214.68)
Bounced from Ichimoku cloud and broke out of a 22-week range, showing strong momentum.
🟢 Strategy: Buy
🎯 Target: ₹247
🔻 Stop-Loss: ₹200
🔹 BHEL (CMP: ₹261.85)
The stock is forming higher highs and has broken above past swing highs, with bullish RSI.
🟢 Strategy: Buy
🎯 Target: ₹307
🔻 Stop-Loss: ₹246
🔹 Inox Wind (CMP: ₹190.63)
A breakout from a long consolidation with bullish MACD crossover and price structure.
🟢 Strategy: Buy
🎯 Target: ₹224
🔻 Stop-Loss: ₹179
