Market Trading Guide: Paytm, IRFC are among 5 stocks to buy on Tuesday for up to 11% upside in short term – Stock Ideas
Stop Loss: Rs 1,715
Target: Rs 1,850-1,910
Oberoi Realty closed at Rs 1,768.10, gaining ₹21.80 (+1.25%) for the day, and has broken out of a sideways consolidation zone with strong bullish momentum. The breakout is supported by healthy volume and a bullish candle, signaling strength. The stock is trading above its 20/50/100/200 EMAs, with the 20 EMA offering consistent support. RSI at 62.61 reflects increasing buying interest. The structure shows a clear higher low formation, with today’s
move confirming a possible higher high. With real estate as a sector gaining traction, this breakout looks sustainable. Buy at CMP ₹1,768, stop loss ₹1,715, targets ₹1,850 and ₹1,910.
(Harshita Darak, Technical Research Analyst at Bonanza)
