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Trade Spotlight: Expert Trading Strategies for Laurus Labs, BHEL and Others
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Moneycontrol•07-10-2026, 08:02
Trade Spotlight: Expert Trading Strategies for Laurus Labs, BHEL and Others
- •Equity benchmarks rallied 1 percent as market breadth remained healthy with over 2,200 advancing stocks ahead of the RBI monetary policy meeting.
- •Laurus Labs shows relative outperformance with a buy recommendation, targeting Rs 2,160 and Rs 2,270 with a stop-loss at Rs 1,950.
- •BHEL hit a record high closing above its resistance zone, offering a buying opportunity with targets at Rs 460 and Rs 475.
- •ACME Solar Holdings snapped a nine-session losing streak, signaling a strong recovery with a target of Rs 473 and Rs 485.
- •Other stocks like Indian Hotels, Infosys, CDSL, and Britannia also present favourable short-term buying setups with defined risk parameters.
Key Questions Answered
For Laurus Labs, experts suggest buying with targets set at Rs 2,160 and Rs 2,270, while maintaining a stop-loss around the Rs 1,950 level.
Bharat Heavy Electricals outperformed the broader market by climbing over 5 percent to close at a record high of Rs 454 after breaking above its previous resistance zone of Rs 446.
Indian Hotels appears to be forming the right shoulder of an inverse head-and-shoulders pattern on the daily chart, with the neckline acting at Rs 755.
