Trade Spotlight: Trading strategies for Titan, Aditya Birla Sun Life AMC, Triveni Engineering, Tata Consumer Products, Emami, and others on December 17

Indian benchmark indices experienced a decline of over 0.6 percent on December 16, continuing a downward trend amid widespread selling pressure, with 1,956 stocks declining and only 881 advancing on the NSE. Market analysts anticipate range-bound trading, with support expected around the previous week's low.

Here are some trading recommendations from market experts for December 17:

**Amol Athawale, VP Technical Research at Kotak Securities**

* **Tech Mahindra | CMP: Rs 1,578**

After a significant upward movement, Tech Mahindra shares have been consolidating. According to the analysis, this consolidation suggests a bullish continuation pattern. The stock has also maintained a position above its short-term moving average, indicating a likely resumption of the upward trend. As long as the stock price remains above Rs 1,520, a bullish outlook is expected, potentially driving the price towards Rs 1,680.

• Strategy: Buy
• Target: Rs 1,680
• Stop-Loss: Rs 1,520
• Cipla | CMP: Rs 1,499.6**

Cipla is currently in an accumulation phase after a period of decline, trading within a defined range. The recent formation of a doji candlestick pattern suggests a potential reversal. A breakout from this range is anticipated, potentially leading to bullish momentum with a favorable risk-reward ratio. The Rs 1,460 level is crucial for determining the trend in the short term; sustained trading above this level could lead to an upward movement towards Rs 1,575.

• Strategy: Buy
• Target: Rs 1,575
• Stop-Loss: Rs 1,460
• Titan Company | CMP: Rs 3,929.5**

Following a substantial price increase, Titan Company shares are showing signs of renewed upward momentum after a period of consolidation. Chart patterns suggest a bullish continuation, expected to persist in the near future. For positional traders, Rs 3,790 is a key level. Remaining above this level should sustain the uptrend towards Rs 4,200. A close below Rs 3,790 may warrant exiting long positions.

• Strategy: Buy
• Target: Rs 4,200
• Stop-Loss: Rs 3,790

**Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors**

* **Aditya Birla Sun Life AMC | CMP: Rs 769.75**

The daily chart for Aditya Birla Sun Life AMC reveals a rounding bottom pattern. The stock's closing price above the neckline near Rs 768 confirms a breakout. Since November 25, the stock has consistently avoided closing below the previous day's low, indicating sustained buying interest. Expanding Bollinger Bands suggest increasing volatility and a potential trending move. The KST indicator's movement above its signal line further supports a bullish outlook. A decisive break above Rs 775 could trigger further buying, potentially driving the price to Rs 805 and then Rs 840. Key support is expected at Rs 745.

• Strategy: Buy
• Target: Rs 805, Rs 840
• Stop-Loss: Rs 745
• Triveni Engineering and Industries | CMP: Rs 373.25**

Triveni Engineering and Industries has been trading within a consolidation range of Rs 325 to Rs 380 since July 2023, suggesting a period of accumulation. This sideways movement often precedes a strong directional move. A decisive break above the Ichimoku cloud signals a potential positive trend shift. Continued buying could strengthen the upside momentum. A bullish crossover in the MACD indicator provides further confirmation. Sustained movement above Rs 380 could lead to a trending move towards Rs 395 and then Rs 410. Support is anticipated at Rs 365.

• Strategy: Buy
• Target: Rs 395, Rs 410
• Stop-Loss: Rs 365

**Arun Kumar Mantri, Founder of Mantri FinMart**

* **Tata Consumer Products | CMP: Rs 1,169.9**

Tata Consumer Products has shown bullish momentum recently and is forming a "W" pattern on the daily charts. The current price level is near the lower zone of this pattern, suggesting a likely resumption of the upward trend following a recent retracement. The Parabolic SAR on the weekly charts indicates the uptrend remains intact in the medium term. The MACD, with broadening bands, suggests positive momentum.

• Strategy: Buy
• Target: Rs 1,215
• Stop-Loss: Rs 1,152
• Emami | CMP: Rs 542.35**

Emami is trading within a cluster of its 21/50/100/200 EMAs, which indicates a strong trend continuation with a positive bias. The price is holding near the mid-band of the Bollinger Band, confirming that bullish price expansion could occur towards the upper band. Above-average trading volume supports the momentum, and the RSI near 50 reflects healthy strength. The structure remains positive for short-term upside, with key support near Rs 519.

• Strategy: Buy
• Target: Rs 594
• Stop-Loss: Rs 519
• Hindustan Copper | CMP: Rs 369.4**

Hindustan Copper is trading above key trend-defining EMAs, maintaining a bullish bias in line with momentum in metal stocks. The price remains close to the upper Bollinger Band, reflecting strength but appearing slightly extended. The RSI and MACD exhibit strength on the daily charts, signaling buy signals. The structure supports short-term long positions, with targets of Rs 500–505-plus in the near term.

• Strategy: Buy
• Target: Rs 508
• Stop-Loss: Rs 352

*Disclaimer: Investment tips are those of the experts and not Scoopliner. Consult a financial advisor before making investment decisions.*