Go Digit General Insurance Ltd. (CMP: ₹360) and Aadhar Housing Finance Ltd. (CMP: ₹502) are showing encouraging technical patterns, but subdued volumes and key stop loss levels highlight the need for disciplined risk management.

Go Digit General Insurance Ltd. (Stop Loss at ₹331)

Go Digit has held firm above its 50-day moving average, a sign of continued momentum. The formation of a bullish marubozu candlestick underscores buyer strength and reinforces the short-term bullish outlook.

Source: NSE

Additionally, a bullish MACD crossover adds weight to the upside scenario. That said, declining volume signals a degree of caution among participants. A convincing move higher may require stronger market participation.

Key Levels:

  • Resistance: ₹375 — A decisive close above this could trigger stronger upward traction.
  • Support: Just above ₹331
  • Stop Loss: ₹331 — A breach below this level could invalidate the bullish setup.

Aadhar Housing Finance Ltd. (Stop Loss at ₹460)

Aadhar Housing is showing resilience near its 21-day EMA, supported by a bullish engulfing candlestick, often seen as a sign of potential trend reversal or continuation.

Source: NSE

While the MACD remains technically bearish, its slope is turning upward, hinting at fading downside momentum. However, the volume trend remains weak, suggesting hesitation from the broader market.

Key Levels:

  • Resistance: ₹510 — A close above this could unlock further upside.
  • Support: ₹488
  • Stop Loss: ₹460 — Crucial for managing downside risk.

Bottom Line:
Both stocks exhibit bullish technical setups, but light volumes and proximity to key stop loss levels call for cautious optimism. Active traders should monitor for increased participation and confirm signals with sector or macro catalysts before taking aggressive positions.

Note: Charts and prices are as of 1 PM.

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

Kindly refer to  https://share.market/ for more details.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

Registration granted by SEBI, enlistment as Research Analyst and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors

Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.