6 auto, cement stocks you can bet on as they unveil their September sales

Bajaj Auto and Heidelberg Cement are showing a firm positive sentiment

Escorts Ltd (ESCORTS): The recent upside clearly indicates the strength that absorbed selling pressure above the resistance zone of Rs 1,280 levels. A high of Rs 1,342 on September 30 reflects the positive momentum staying strong above Rs 1,300 levels. The stock is trading above the support of 50-days moving average (DMA), currently placed at Rs 1,169 levels. The overall trend suggests that the counter is moving in the direction of Rs 1,400 and Rs 1,550 levels in the days ahead. CLICK HERE FOR THE CHART

 

Bajaj Auto Limited (BAJAJ-AUTO):  With a positive crossover of 100-DMA with 200-DMA, the price indicates a rally towards Rs 3,500 levels. Till the price trades above Rs 2,800, which is its 200-DMA, the upside rally may see extensive buying by investors. The Moving Average Convergence Divergence (MACD) is heading towards the zero line with a positive crossover. If that happens, the stock may see more strength come in.  CLICK HERE FOR THE CHART

 

TVS Motor Company Limited (TVSMOTOR): The stock has managed to breakout on the positive crossover of 100-DMA on Thursday, October 1, with 200-DMA placed at Rs 480 levels. This exhibits an upside towards Rs 530 levels from a medium-term perspective. On the lower side, till the counter defends Rs 460 on a closing basis, the upside may also see a spurt in volume. The stock is successfully trading above 50-DMA, which suggests a steady trend for now, as per the daily chart. CLICK HERE FOR THE CHART

 

Grasim Industries Ltd (GRASIM): With a “Higher high, higher low” formation on the daily chart, the stock is witnessing a gradual buying momentum. That apart, a “Golden Cross” of the 50-DMA with 100-DMA further affirms the positive sentiment. The price action as per charts, suggests an upside towards Rs 800 and Rs 825 levels with a support of Rs 700 in the days ahead. CLICK HERE FOR THE CHART

 

The Ramco Cements Ltd (RAMCOCEM): The medium-term breakout is at Rs 780 levels with the price trending towards the breakout level with a “Golden cross”, as per the daily chart. From a long-term perspective, the stock is consolidating in the range of Rs 675 to Rs 750. That said, the stock is gradually building a base for a bigger jump. CLICK HERE FOR THE CHART

 

HeidelbergCement India Ltd (HEIDELBERG): With a “Golden Cross” of 50-DMA, 100-DMA and 200-DMA, along with the Relative Strength Index (RSI) and MACD, the stock has built a strong positive sentiment. The rally may see the counter hit Rs 215 levels in thge sessions ahead. The MACD is rising above the zero line signalling strong upward momentum. A positive crossover of RSI has already indicated underlying strength which is likely to sustain. The stock has a strong support at Rs 174 levels. CLICK HERE FOR THE CHART