Mint reported that NeoTrader co-founder Raja Venkatraman's technical note for India's Nov. 9 session gave entry thresholds, stop-losses and two-month targets for three shares, using their previous-session closes as reference points.
The National Stock Exchange of India (NSE) said the Nifty 50 closed at 25,030.35 on Nov. 6, gaining 493.75 points, or 2.01%. NSE data show Havells India Limited at ₹1,128, HDFC Life Insurance Company Limited at ₹565.30 and Axis Bank Limited at ₹1,322.90 at the close. Those are the reference prices in Mint's note, rather than Nov. 9 intraday quotes.
Mint put the Havells entry trigger above ₹1,130, with a stop-loss at ₹1,080 and a two-month target of ₹1,240. Its HDFC Life setup used an entry above ₹567, a stop-loss at ₹541 and a target of ₹610 over two months.
For Axis Bank, the entry trigger was above ₹1,325 and the stop was below ₹1,250. Mint's article gives a two-month target of ₹1,450 in the analysis section but ₹1,455 in the trade summary, without reconciling the difference.
Each setup placed its entry threshold above the Nov. 6 reference price and its stop-loss below it. The targets were higher than the entry thresholds, with the note setting a two-month horizon for all three stocks.
Mint said Venkatraman saw a possible double-bottom pattern and signs of recovery in Havells. For HDFC Life, the note cited a similar chart pattern and a move past resistance near ₹560; it described Axis Bank's trend as weak.
Mint also highlighted commodity, currency and supply-chain exposure among Havells' risks; market volatility and regulatory changes for HDFC Life; and loan slippages, external conflicts and technology governance for Axis Bank. The publication said the recommendations reflected Venkatraman's individual views, not its own.
The calls continue a series of conditional setups from Venkatraman; EconoTimes previously covered his Nov. 6 trading levels.
