Key Stocks to Watch: Tata Technologies, Blue Star, and Suzlon Set for Big Moves on Wednesday

The Indian market saw its biggest single-day drop in over four years on Tuesday, with election results differing significantly from exit polls and market expectations. The S&P BSE Sensex dropped over 4,000 points, and the Nifty50 fell below 22,000. Midcap and smallcap indices experienced their largest-ever falls, while the Nifty Bank was down nearly 8%. Some buying was seen in the FMCG sector, but public sector, infrastructure, and CPSE indices fell by over 15%.

On Tuesday, Tata Technologies hit a new 52-week low, while Blue Star and Suzlon hit new 52-week highs but then pulled back. Here’s a look at how to trade these stocks on Wednesday, according to Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd:


Tata Technologies Share Price Target

  • Trend: Downward, forming lower-lows and lower-highs.
  • Resistance: ₹1,150. A move above this could see it rise to ₹1,200+.
  • Support: ₹950 is a key level.
  • Advice: Avoid buying now. Consider buying only if it goes above ₹1,150.
  • Stop Loss: ₹950.

Blue Star Share Price Target

  • Trend: Strong bullish setup with a rising channel pattern.
  • Resistance: ₹1,700. A move above this could see it rise to ₹1,900+.
  • Support: ₹1,350.
  • Advice: The stock is in a good position, trading above key moving averages with strong momentum indicators.
  • Target: ₹1,900+.
  • Stop Loss: ₹1,350.

Suzlon Share Price Target

  • Trend: Breakout of a triangle formation and inverse head & shoulders pattern.
  • Resistance: ₹52. A move above this could see it rise to ₹56.
  • Support: ₹42, with moving averages providing a base.
  • Advice: The stock looks promising but showed some profit booking from higher levels.
  • Target: ₹56.
  • Stop Loss: ₹42.

This simple guide helps traders navigate these stocks during a volatile market.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

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