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Trade Spotlight: How should you trade Infosys, DLF, Jubilant Foodworks, Hero MotoCorp, Indian Energy Exchange, and others on July 29?

29 Jul , 2026   By : Debdeep Gupta


Trade Spotlight: How should you trade Infosys, DLF, Jubilant Foodworks, Hero MotoCorp, Indian Energy Exchange, and others on July 29?

Equity benchmarks ended a range-bound session flat with a negative bias on July 28. Market breadth was negative, with about 2,048 shares declining against 938 advancing shares on the NSE. The market is expected to gain strength after a day of consolidation, as key support levels remain intact. Below are some short-term trading ideas to consider:


Amol Athawale, VP Technical Research at Kotak Securities


Infosys | CMP: Rs 1,105.7


Following its recent downtrend, Infosys has entered an accumulation zone, where it is trading in a range-bound pattern on the daily chart. However, recent bullish activity in the stock indicates improving strength. The stock is expected to break out of this range and witness fresh bullish momentum from the current levels, offering a favourable risk-reward opportunity.


For positional traders, Rs 1,065 will be the decisive level. As long as the stock trades above this level, the reversal formation is likely to remain intact, with the potential to move towards Rs 1,180. However, if it closes below Rs 1,065, traders may consider exiting their long positions.


Strategy: Buy


Target: Rs 1,180


Stop-Loss: Rs 1,065


DLF | CMP: Rs 663.05


Following its decline from higher levels, DLF rebounded from its support zone and witnessed a steady recovery. Additionally, on the daily chart, the stock is trading near the breakout level of its sloping channel pattern. The recent upmove suggests a likely breakout and the beginning of a new leg of the bullish trend from the current levels.


For the next few trading sessions, Rs 640 could be the trend-deciding level for the bulls. If the stock sustains above this level, it could extend its uptrend towards Rs 710.


Strategy: Buy


Target: Rs 710


Stop-Loss: Rs 640


Jubilant Foodworks | CMP: Rs 432.2


After a prolonged consolidation phase, Jubilant FoodWorks rebounded from its multiple support zone on the daily chart. The stock is witnessing a steady recovery from lower levels and has broken out of its sloping channel pattern.


The gradual upmove suggests the beginning of a new leg of the bullish trend in the coming sessions. As long as the stock trades above Rs 415, the bullish bias is likely to remain intact. Above this level, it could move towards Rs 460.


Strategy: Buy


Target: Rs 460


Stop-Loss: Rs 415


Ashish Kyal, Founder and CEO of Waves Strategy Advisors


Hero MotoCorp | CMP: Rs 5,154.5


In the previous session, the auto sector was among the top-performing sectors, with Hero MotoCorp gaining nearly 1 percent. The stock has been moving higher with each passing session, forming a higher high-higher low pattern, indicating a gradual improvement in its month-long trend.


The stock has also moved back above the key 200-day EMA near Rs 5,145, indicating buying interest at lower levels. In addition, the KST line is trading above the Signal line, with both having crossed above the zero line, signalling that bullish momentum is building.


For now, a move above the minor swing high of Rs 5,200 could attract further buying interest, potentially driving the stock towards the Rs 5,460-5,500 zone. Key support is placed around Rs 5,030.


Strategy: Buy


Target: Rs 5,460, Rs 5,500


Stop-Loss: Rs 5,030


Eternal | CMP: Rs 308.35


In the previous session, Eternal rallied nearly 4 percent, delivering a decisive breakout above its narrow consolidation range of Rs 275-301. The stock has closed above the previous day's high for two consecutive sessions, reflecting strong buying momentum. Prices have also moved above the upper Bollinger Band, indicating strengthening momentum and the potential for further upside.


Additionally, the ADX is hovering near 40, well above the 25 mark, confirming a strong trend. The overall price structure remains bullish, but buying on dips appears to be the more prudent strategy to ride the ongoing trend. Key support is placed around Rs 283, while the upside target is Rs 315-320.


Strategy: Buy


Target: Rs 315, Rs 320


Stop-Loss: Rs 283


Indian Energy Exchange | CMP: 132.11


In the previous session, India Energy Exchange surged more than 4 percent and broke out of a double-bottom pattern, a bullish reversal formation. Additionally, the 20-period EMA crossed above the 40-period EMA for the first time since April 2026, signalling a bullish crossover.


Meanwhile, the RSI (Relative Strength Index) remains steady at 65, indicating that momentum is likely to strengthen further. A decisive move above Rs 132.5 is now required for the bullish momentum to continue towards Rs 137, followed by Rs 145, while immediate support is placed near Rs 127.


Strategy: Buy


Target: Rs 137, Rs 145


Stop-Loss: Rs 127


Kapil Shah, Technical Analyst, Emkay Global Financial Services


Authum Investment & Infrastructure | CMP: Rs 557.7


Authum Investment & Infrastructure is holding above the Rs 512 support zone after reclaiming it from the Rs 400.40 base. The stock is consolidating just below its recent swing high near Rs 573, while the RSI (14) is at 59 and trending above its signal line, indicating renewed positive momentum without entering overbought territory.


A sustained hold above Rs 512 keeps the setup constructive for a fresh breakout towards higher levels. Buy the stock in the Rs 530-550 range, with a stop-loss at Rs 498 and a target of Rs 660, offering a favourable risk-reward opportunity for a swing trade based on the continuation of the current upmove.


Strategy: Buy


Target: Rs 660


Stop-Loss: Rs 498


L&T Finance | CMP: Rs 311


L&T Finance is holding above the key Rs 295-302 support zone after a strong rally from its March lows near Rs 245. The stock recently broke above a descending trendline resistance and is now consolidating just below the Rs 321.55 Fibonacci extension level. The RSI (14), at 54, indicates steady momentum without entering overbought territory.


As long as the stock sustains above Rs 295, the overall structure remains constructive for an extension towards the Rs 346-361 zone. Buy the stock in the Rs 300-312 range, with a stop-loss at Rs 290 and a target of Rs 350, making it an attractive swing trade opportunity.


Strategy: Buy


Target: Rs 350


Stop-Loss: Rs 290


Sun Pharmaceutical Industries | CMP: Rs 1,976.7


Sun Pharma has decisively broken out to a fresh all-time high after building a multi-month base between Rs 1,592 and Rs 1,900. The stock has surpassed its previous swing highs from 2024 with strong follow-through momentum, while the RSI (14), at 66, confirms robust bullish strength without yet entering overbought territory.


Sustained trading above the Rs 1,900 breakout zone keeps the overall structure firmly bullish for the next leg of the uptrend. Buy the stock in the Rs 1,930-1,970 range, with a stop-loss at Rs 1,900 and a target of Rs 2,175, offering a favourable setup to capitalise on the fresh breakout momentum.


Strategy: Buy


Target: Rs 2,175


Stop-Loss: Rs 1,900


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