Ruchi Soya, Brightcom, Adani Power: How to trade buzzing stocks of the day?

Going ahead, technical charts indicate up to 15 per cent gains for the buzzing stocks of Tuesday.

Shares of Ruchi Soya Industries, Brightcom Group, Deepak Fertilisers & Petrochemicals Corporation, Linde India and Adani Power were seen trading with robust bullishness in Tuesday's morning trades.

Ruchi Soya zoomed as much as 20 per cent to a high of Rs 977.15; Adani Power soared 10 per cent, while Brightcom Group was locked aat the 5 per cent upper limit.

Linde India hit a new all-time high at Rs 3,676 on conquering its earlier peak of Rs 3,579.90. Deepak Fertilisers & Petrochemicals Corporation too surged 5 per cent after snapping its five-day losing streak.

Here's what the charts indicate for these buzzing stocks going ahead:

 
Ruchi Soya Industries Ltd (RUCHI)
Likely target: Rs 1,100 (after overcoming 200-DMA)
Upside potential:   12%

Shares of Ruchi Soya trade below the 200-day moving average (DMA), current set at Rs 982.80. With today’s 20 per cent intra-day jump the stock made an effort to conquer this hurdle. As and when the stock overcomes this hurdle, the breakout could further see the bullish bias heading towards Rs 1,000 level, shows the daily chart. As per the current situation, support for the stock exists at Rs 800-mark, which needs to be considered on a closing basis. CLICK HERE FOR THE CHART

Brightcom Group Ltd (BCG)
Likely target: Rs 115 (after crossing Rs 100)
Upside potential:   15%

Shares of Brightcom Group were locked at the 5 per cent upper limit on Tuesday. The next hurdle for the stock exits at Rs 100-mark, indicates the daily chart. The immediate support for the stock stands at Rs 70 and any up move above Rs 100, its imminent resistance, could see a breakout in the direction of Rs 115 level. The 200-DMA is placed at Rs 55,70 level, its medium-term support mark.  CLICK HERE FOR THE CHART

Deepak Fertilisers & Petrochemicals Corp. Ltd  (DEEPAKFERT)
Likely target: Rs 580 and Rs 620

Upside potential:   7% to 14%

The stock has good support in the range of Rs 510 to Rs 460 levels. And as long as this support is upheld, the outlook remains optimistic. The immediate support for the stock comes at Rs 520 level. The candlestick formation suggests a rally towards Rs 580 and Rs 620 mark, as per the daily chart. CLICK HERE FOR THE CHART
 
Linde India Ltd (LINDEINDIA)
Likely target: Rs 4,000
Upside potential:   11%

A new all-time high reflects a positive bias for the stock. Investors consider a new all-time level as an indication of robust underlying buying sentiment. The trend continues to stay positive as long as nothing aggressive appears on the charts. The major support for the stock exists at Rs 3,400 level and the momentum hints for a rally towards Rs 4,000-mark. The Relative Strength Index (RSI) trades in overbought category without any signal of aggressive selling pressure.  CLICK HERE FOR THE CHART

 
Adani Power Ltd  (ADANIPOWER)
Likely target: Rs 190
Upside potential:   15%

Shares of Adani power soared over 30 per cent in the past five days. The strength and momentum stays highly robust with stock price hinting at further upside. The support for the stock comes at Rs 150 and Rs 140 levels, with the rally seems to be heading towards Rs 190 level. CLICK HERE FOR THE CHART