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Trade Spotlight: How should you trade Biocon, BlueStone Jewellery, Hero MotoCorp, Emcure, Aurobindo Pharma, and others on March 11?

11 Mar , 2026   By : Debdeep Gupta


Trade Spotlight: How should you trade Biocon, BlueStone Jewellery, Hero MotoCorp, Emcure, Aurobindo Pharma, and others on March 11?

The benchmark indices gained nearly 1 percent after a severe fall in the previous couple of sessions, with market breadth favouring the bulls on March 10. About 2,351 shares advanced compared to 587 declining shares on the NSE. The market is expected to see consolidation with range-bound trading in the next few sessions. Below are some short-term trading ideas to consider:


Amol Athawale, VP Technical Research at Kotak Securities


Biocon | CMP: Rs 395.8


After witnessing a short-term correction, Biocon has rebounded and is currently trading within a rising channel over the past few sessions. On the daily chart, it has also formed a Cup and Handle pattern, indicating strengthening bullish momentum. A decisive breakout above the immediate resistance zone could trigger a bullish continuation move in the upcoming trading sessions.


As long as the stock sustains above the Rs 380 support level, the positive bias is expected to remain intact, potentially paving the way for an upside move towards Rs 425.


Strategy: Buy


Target: Rs 425


Stop-Loss: Rs 380


Nestle India | CMP: Rs 1,241.2


After a prolonged decline, Nestlé India has reversed from a key demand zone, indicating the emergence of buying interest. It has formed reversal patterns on both the daily and intraday timeframes and is currently witnessing a steady upward move. Additionally, the RSI indicator is signalling strengthening momentum, suggesting the possibility of further upside from the current levels.


For the upcoming trading sessions, Rs 1,190 is expected to act as the key trend-deciding level for the bulls. As long as the stock sustains above this level, the positive momentum could continue, potentially driving the price towards Rs 1,330.


Strategy: Buy


Target: Rs 1,330


Stop-Loss: Rs 1,190


Bharat Dynamics | CMP: Rs 1,384.4


On the daily timeframe, after undergoing a correction from higher levels, Bharat Dynamics was trading in a range-bound phase. Recently, it witnessed a range breakout supported by strong volumes, indicating renewed buying interest. Additionally, the RSI indicator is pointing towards strengthening momentum, suggesting the potential for further upside from the current levels.


The breakout above the resistance zone signals the possibility of continued bullish momentum in the coming sessions. For positional traders, Rs 1,330 would be the decisive level. Trading above the same could allow the uptrend formation to continue till Rs 1,480. However, if the stock closes below Rs 1,330, traders may prefer to exit their long positions.


Strategy: Buy


Target: Rs 1,480


Stop-Loss: Rs 1,330


Ashish Kyal, Founder and CEO of Waves Strategy Advisors


Hero MotoCorp | CMP: Rs 5,711.5


On the daily chart, Hero MotoCorp has been consolidating within a broader triangle pattern since November 2025, indicating a phase of accumulation supported by declining volumes. At the start of this week, prices took support from the lower end of the trendline and reversed from it.


In the previous session, the stock displayed relative strength by gaining more than 4%, outperforming its benchmark Nifty Auto, which gained around 3%. This outperformance suggests increasing buying interest, with the stock now nearing a potential breakout from the pattern.


A decisive move above the prior swing high of Rs 5,800 would confirm the breakout and could push prices higher towards Rs 6,050, followed by Rs 6,200. On the downside, Rs 5,680 remains a crucial support level.


Strategy: Buy


Target: Rs 6,050, Rs 6,200


Stop-Loss: Rs 5,680


BlueStone Jewellery and Lifestyle | CMP: Rs 502.6


On the daily chart, Bluestone Jewellery and Lifestyle has formed a classic rounding bottom pattern, which indicates a possible shift from bearish to bullish sentiment. In the previous trading session, the stock surged 5.5% and is now approaching a possible breakout from the pattern.


Additionally, prices have broken above the upper Bollinger Band, with the bands expanding, which signals an increase in volatility — a positive sign.


Along with that, over the past three trading sessions, each candle has closed above its prior day’s high, indicating continued buying interest in the stock. For now, a break above Rs 511 could push prices higher towards Rs 550 or above, while Rs 490 is expected to act as a strong support level on the downside.


Strategy: Buy


Target: Rs 550


Stop-Loss: Rs 490


Emcure Pharmaceuticals | CMP: Rs 1,567.8


Despite a sharp fall in most indices, the pharma sector has remained strong and did not participate much in the broader market decline. Emcure Pharmaceuticals has been moving up in the form of higher highs and higher lows over the past two trading sessions. It has also recorded the highest volume since November 18, 2025, indicating strong buying interest.


The stock is trading near the prior swing high of Rs 1,585, which coincides with the previous all-time high. A further break above Rs 1,585 can attract new buyers and push prices higher towards Rs 1,650, followed by Rs 1,800, with support around Rs 1,510.


Strategy: Buy


Target: Rs 1,650, Rs 1,800


Stop-Loss: Rs 1,510


Aditya Thukral, Founder & Analyst of AT Research & Risk Managers


Aurobindo Pharma | CMP: Rs 1,285.9


A fresh 52-week high has been registered in Aurobindo Pharma, along with a breakout from the box pattern. The stock cleared an important resistance zone with expanding volumes. Additionally, the stock spent more than a year forming a base and is now moving higher.


The structure of higher highs and higher lows, along with prices closing above all the major EMAs (20-day, 50-day, 100-day, and 200-day) — which are sloping upwards — confirms an established uptrend. We are witnessing a breakout from medium-term resistance in the direction of a larger uptrend, the implications of which are bullish.


The stock can be bought at current prices or on dips in the range of Rs 1,256 to Rs 1,260, as the previous resistance zone has now turned into a support zone.


Strategy: Buy


Target: Rs 1,350


Stop-Loss: Rs 1,240


National Aluminium Company | CMP: Rs 388.75


National Aluminium Company broke out of a consolidation phase a few days ago and has been sustaining above it since then. This breakout was accompanied by an expansion in volumes.


The stock is consistently trading above all its major exponential moving averages — 20-day, 50-day, 100-day, and 200-day — with all EMAs sloping upwards, which establishes a strong uptrend. The previous resistances are now acting as supports, following the principle of polarity.


Fresh buying can be executed at current prices or on minor dips near Rs 382, expecting the continuation of the uptrend.


Strategy: Buy


Target: Rs 412


Stop-Loss: Rs 372


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