Trade Spotlight: Nine Stocks With Fresh Buy Calls From Axis, Angel One and Teji Mandi

This Week's Nine Trading Setups: Levels, Stops and Targets

The Nifty 50 extended its winning streak to a third straight session on July 31, closing 0.27 percent higher, with market breadth firmly positive at 1,842 advancing shares versus 1,147 decliners on the NSE. Analysts see that momentum carrying the index toward previous swing highs, and it is the backdrop for a fresh batch of short-term trading ideas covering nine stocks.

Rajesh Palviya of Axis Securities has buy calls on BLS E-Services (current market price Rs 300.65) after a weekly close above multi-month resistance at Rs 255-260, on Hero MotoCorp at Rs 5,386 after breaking a downward-sloping trendline, and on Jio Financial Services at Rs 256.45 after a descending-triangle breakout above Rs 250.

Hitesh Rathi of Angel One recommends buying Anant Raj around Rs 620-624 with targets of Rs 685-690 and a stop at Rs 580, Anthem Biosciences around Rs 805-809 with targets of Rs 900-925 and a stop at Rs 740, and Blue Jet Healthcare around Rs 620-626 with targets of Rs 690-700 and a stop at Rs 565.

Jatin Gedia of Teji Mandi backs Shipping Corporation of India with a Rs 312 target and Rs 284 stop, KEI Industries with a Rs 5,224 target and Rs 4,875 stop, and Escorts Kubota with a Rs 3,224 target and Rs 3,020 stop. These are technical calls based on chart patterns, moving averages and momentum indicators such as RSI and Bollinger Bands, not on earnings or valuations, and every setup carries a defined stop-loss.

Why These Nine Charts Point Higher — and What Could Break Them

A Momentum Market, Not a Fundamental One

The common thread across all nine recommendations is evidence of trend turnaround: weekly closes above resistance, breakouts from triangles, wedges and head-and-shoulders patterns, and bullish crossover signals on momentum oscillators. None of the analysts cite earnings, order books or valuation support. That makes the cluster a read on market positioning rather than on company value. The strategy also leans on the index: Palviya explicitly expects the Nifty to keep moving toward previous swing highs, so if that broader momentum stalls, the individual breakouts lose their tailwind.

Hero MotoCorp and KEI: Two Large-Cap Breakout Tests

Hero MotoCorp cleared a downward-sloping trendline that had capped it for six to eight months, on rising volumes, with daily and weekly RSI in positive territory. At Rs 5,386, the call implies roughly 4-7 percent upside to targets of Rs 5,600 and Rs 5,750, with a stop at Rs 5,250, about 2.5 percent below entry. KEI Industries, at Rs 4,999, is sitting at the 50 percent Fibonacci retracement of its Rs 3,937-5,708 rally and has broken out of a falling wedge; its Rs 5,224 target is simply the previous swing high, so the trade is essentially a bet that the prior uptrend resumes.

Anant Raj and Anthem: When Chart Systems Agree

Rathi's highest-conviction calls rest on confluence across multiple charting methods. Anant Raj combines a swing breakout above Rs 595, absorption of selling near Rs 615-620, a Bullish Catapult Buy on a daily Point & Figure chart and a Super Pattern Buy on another, before recommending entry at Rs 620-624. Anthem Biosciences is on the verge of a Bullish Symmetrical Triangle breakout, with the 14-day RSI crossing higher and a Follow-through Double Top Buy on Point & Figure. The use of multiple systems reduces the odds of a false breakout, but the stops — Rs 580 for Anant Raj and Rs 740 for Anthem — remain the real risk control if the signals fail.

The Key Variable: The Index

Jatin Gedia's three calls are the most pattern-driven: Shipping Corporation's inverted head-and-shoulders breakout, KEI's wedge breakout at a Fibonacci support, and Escorts Kubota's volume breakout from a Rs 2,900-3,000 range. All three are short-term trades with tight invalidation points. Because none of the nine ideas carry fundamental catalysts, the difference between a working breakout and a failed one may come down to whether the Nifty sustains the upward momentum that these analysts are counting on.

The Levels That Matter for Each of the Nine Stocks

Each call comes with fixed levels, so the execution question is discipline rather than interpretation:

• Hero MotoCorp: entry at Rs 5,386; targets Rs 5,600 and Rs 5,750; stop Rs 5,250 — roughly 2.5 percent below entry.
• KEI Industries: entry near Rs 4,999; target Rs 5,224 (the previous swing high); stop Rs 4,875, with the 50 percent retracement at Rs 4,822 as the key support.
• Anant Raj: buy Rs 620-624; targets Rs 685-690; stop Rs 580 — the widest stop on the list, around 7 percent.
• Anthem Biosciences: buy Rs 805-809; targets Rs 900-925; stop Rs 740; a close below Rs 740 invalidates the triangle breakout.
• Blue Jet Healthcare: buy Rs 620-626; target Rs 690-700; stop Rs 565, with the setup depending on short-term averages staying above the 200-day SMA.
• Shipping Corporation of India: buy dips toward the Rs 287 neckline; target Rs 312; stop Rs 284, just below the neckline.
• Escorts Kubota: buy on the breakout from the Rs 2,900-3,000 range; target Rs 3,224; stop Rs 3,020.
• BLS E-Services: entry at Rs 300.65; targets Rs 330 and Rs 355; stop Rs 288, with the weekly close above Rs 255-260 as the thesis.
• Jio Financial Services: breakout above Rs 250; targets Rs 270 and Rs 290; stop Rs 250 — the stop sits on the breakout level, so how the stock behaves at that line separates a valid trade from a failed one.

If a stop is hit, the technical thesis is invalidated until a fresh setup forms; these are short-term trading ideas, not buy-and-hold recommendations.