Big movers on D-Street: What should investors do with DMart, Sun TV and Uno Minda?

Here's what Viral Chheda, Sr , SSJ Finance & Securities, recommends should do with these stocks when the resumes trading today.

Dmart
After making a low of around 3600 in Jan 2024, the has given a sharp upside move to make a 2-year high of 4924. Price has given almost 37% returns from its lower level as buyers were having the upper hand over bears. Price is currently facing strong at higher levels as it has made multiple tops around 4924 odd levels.

Once these levels are taken out we can see a sharp move in price and it can go upside till 5500-6000 odd levels. On the lower side, it has multiple supports between 4300-4400. For long stock looks good and can be bought once it goes above 4930 odd levels.

The Stochastics Oscillator is moving in an upward trend indicating some upside from the current level. Hence one can buy above 4930 and furthermore at dips of 4700 with a stop loss of 4400 on a weekly closing basis and the upside can be seen till 5500-6000 in the 6-8 months.

Sun TV
After making a low of around 565 in Mar 2024, the price has witnessed a Bull Run to make the 52-week high of 760. Price has given almost 34.5% return from its lower level as buyers were having the upper hand over bears.

A Higher Top Higher Bottom pattern has also been seen with prices making new highs. As the prices are at an all-time high we can see some profit booking and can see the price anywhere between 670-700 odd levels. For long stock looks good and can be bought at every dip.

The Stochastics Oscillator is moving in the overbought zone indicating some correction from the current level. Hence one can buy at dips of 690 and more at 660 with a stop loss of 620 on a weekly closing basis and the upside can be seen till 800-900 in the 10-12 months.

Uno Minda
After moving in the range of 700-780 for 2 months, the price has given a breakout on the higher side to make an all-time high of 1025 odd levels.

Volumes were on the rise as bulls had full control of price. As the stock has given almost 47% return from its lower level we can see some profit booking at the current level. One should avoid buying at current levels and can buy at dips of 930-880.

The Stochastics Oscillator is also moving in an overbought zone. Hence one should avoid buying at the current level and buy at dips of 930 and more at 880 with SL of 800 on a weekly closing basis and the upside can be seen till 1150-1300 in the next 10-12 months.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)