Hold Bharat Electronics, Yes Bank Shares; Sell Trent Stock, Suggests Arihant Capital

Indian benchmark indices posted mild gains connected Friday up of nan US tariff deadline pinch mixed world cues. Traders are awaiting India Inc's Q1 net and FII flows successful nan existent month. BSE Sensex gained 193.42 points, aliases 0.23 per cent, to settee astatine 83,432.89, while NSE's Nifty50 added 55.70 points, aliases 0.22 per cent to adjacent astatine 25,461.00 for nan day.

Select buzzing stocks including Trent, Bharat Electronics (BEL) and YES Bank, apt to stay nether nan spotlight of traders for nan convention today. Here is what Mileen Vasudeo, Senior Technical Analyst astatine Arihant Capital Markets has to opportunity astir these stocks up of Monday's trading session:

YES Bank | Hold | Target Price: Rs 24-26 | Stop Loss: Rs 18

YES Bank is witnessing a retracement of nan anterior up move from Rs 17 to 23 connected nan regular charts. Currently, it is underperforming nan benchmark indices. However, nan RSI remains positively poised, suggesting that nan upward momentum whitethorn resume successful nan adjacent term. Hence, investors are advised to clasp nan banal astatine nan existent levels, pinch a extremity nonaccomplishment astatine Rs 18. The anticipated upside target is projected successful nan scope of Rs 24–26 complete nan adjacent mates of weeks.

Bharat Electronics | Hold | Target Price: Rs 460-480 | Stop Loss: Rs 408

Bharat Electronics is maintaining a higher precocious statement connected nan regular charts, indicating underlying strength. It is outperforming nan benchmark indices, reflecting comparative outperformance. The RSI besides remains positively aligned, suggesting that nan upward momentum is apt to continue. In position of nan above, investors whitethorn see initiating a clasp position astatine nan existent levels, pinch a extremity nonaccomplishment astatine Rs 408. The banal has nan imaginable to move towards nan target scope of Rs 460–480 successful nan coming mates of weeks.

Trent | Sell | Target Price: Rs 5,100-4,900 | Stop Loss: Rs 5,700

Trent has breached its 50-day SMA astatine Rs 5,618 connected nan regular charts and closed beneath it, indicating weakness. Currently, nan banal is underperforming nan benchmark indices. Additionally, nan momentum parameter RSI faced stiff guidance adjacent nan 70 people and is now trending downward, reflecting waning bullish momentum. Considering these method factors, nan downside momentum is apt to persist. Therefore, traders tin see holding their short positions, pinch a extremity nonaccomplishment astatine Rs 5,700. The banal is expected to diminution further and whitethorn trial nan target scope of Rs 5,100-4,900 complete nan adjacent mates of months.

Published on: Jul 7, 2025 7:25 AM IST