Three Indian stocks have conditional trading setups for Nov. 2 from NeoTrader co-founder Raja Venkatraman, whose calls published by LiveMint specify entry triggers, stop-losses and targets.
The column sets entry triggers at ₹1,760 for Ather Energy Limited, ₹240 for Piramal Pharma Limited and ₹1,165 for Shyam Metalics and Energy Limited. Their respective stop-loss levels are ₹1,650, ₹229 and ₹1,115; targets are ₹1,995, ₹265 and ₹1,285.
LiveMint describes the three trades as “Multiday” setups, but gives Ather and Shyam Metalics target horizons of two months. The column therefore uses different time frames for those two calls.
For Ather, Venkatraman cited acquisition-related news and technical momentum, LiveMint reported, without identifying the event. Hero MotoCorp said in an Aug. 28 filing to the National Stock Exchange of India (NSE) that it had completed the purchase of 11.88 million Ather shares for about ₹17.58 billion (₹1,758 crore). The filing put Hero MotoCorp’s holding at about 32.8% on a fully diluted basis and did not connect the purchase to Venkatraman’s comment.
The NSE listed the Nifty 50’s Oct. 30 close at 23,053.10 points in its Nov. 2 circuit-breaker table. That was the index’s close before the trading session covered by Venkatraman’s calls.
For Shyam Metalics, Venkatraman cited “strong buying at lower levels,” according to LiveMint. The outlet said the recommendations reflected his individual views and were subject to market risk. EconoTimes previously covered Venkatraman’s Oct. 27 stock calls, another set of conditional trading levels.
