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Trade Spotlight: How should you trade Coal India, Kotak Mahindra Bank, Varun Beverages, Shriram Finance, JSW Steel, and others on March 18?


Published on 2025-03-17 20:00:58 - Moneycontrol
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  • The benchmark indices bounced back with half a percent gains on March 17, making a good start to the week after the correction in the previous week. However, the market breadth remained in favour of the bears,

The article from Moneycontrol discusses trading strategies for several key stocks on March 18, following their performance in the previous trading session. Coal India saw a significant breakout from a consolidation phase, suggesting a bullish trend with potential targets at Rs 500 and Rs 520, with support at Rs 440. Kotak Mahindra Bank experienced a breakout from a downward trendline, indicating a possible upward movement towards Rs 1,800, with support at Rs 1,650. Varun Beverages showed a strong breakout from a consolidation pattern, with potential to reach Rs 1,600, supported at Rs 1,400. Shriram Finance, after a period of consolidation, broke out with targets at Rs 3,000 and Rs 3,200, with support at Rs 2,500. JSW Steel, despite a slight dip, remains in an uptrend with resistance at Rs 900 and support at Rs 800. The article also mentions other stocks like Tata Motors, Bajaj Auto, and Mahindra & Mahindra, providing insights into their recent performance and potential trading strategies.

Read the Full Moneycontrol Article at:
[ https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-coal-india-kotak-mahindra-bank-varun-beverages-shriram-finance-jsw-steel-and-others-on-march-18-12967236.html ]