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Invest in Shipping Corporation and Syrma SGS Technology for Up to 6% Gains on Thursday

Published: September 24, 2025 | Category: real estate news
Invest in Shipping Corporation and Syrma SGS Technology for Up to 6% Gains on Thursday

Indian benchmark indices ended with cuts for the fourth day in a row amid selling pressure in auto, IT, and bank stocks. Nifty has been consistently sustaining below the 21 EMA on the hourly chart, confirming a prevailing bearish trend in the near term.

Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities, said he expects the market to remain range-bound over the next few days. “Each time the index approaches the 21 EMA, selling pressure emerges. On the lower side, the 25,000 – 25,050 zone is expected to act as a crucial support for the headline index. However, a decisive fall below 25,000 could trigger a deeper correction in the short term,” De said.

Here are two stock recommendations for Thursday:

Shipping Corporation of India

Buy Shipping Corporation of India at Rs 232.48 with an upside potential of 3%.

- Stop Loss: Rs 228 - Target: Rs 240

Shipping Corporation of India has broken out of a rounding bottom pattern on the daily chart, a bullish setup backed by strong volume, which indicates growing buying interest. The stock is currently hovering near its recent swing highs, with both the fast and slow EMAs moving upward, signaling steady positive momentum. The RSI is also on the rise, further supporting the strength of the ongoing uptrend. This combination of technical signals points to a strong bullish outlook, with the potential for more upside as long as the stock holds above the breakout level.

(Virat Jagad, Technical Analyst, Bonanza Portfolio)

Syrma SGS Technology

Buy Syrma SGS Technology at Rs 858.4 with an upside potential of 6%.

- Stop Loss: Rs 835 - Target: Rs 910

Syrma SGS Technology Ltd has broken out of a flag & pole pattern on the daily chart, indicating bullish momentum. The stock is holding above the key resistance level of ₹840, suggesting strength in the positive momentum. RSI is trending higher, and the 21-EMA is trading above the 50-EMA, confirming positive sentiment. Overall, the trend remains strong as long as it stays above support. Together, these technical signals reflect a solid bullish bias, with scope for further upside in the near term, provided the stock holds above key post-breakout support levels.

(Virat Jagad, Technical Analyst, Bonanza Portfolio)

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)

Investing in these stocks could provide significant gains, but it's essential to monitor the market and technical indicators closely to make informed decisions. Always consult with a financial advisor before making any investment.

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Frequently Asked Questions

1. What is the current market trend for Indian benchmark indices?
The Indian benchmark indices have been experiencing a bearish trend, with Nifty consistently sustaining below the 21 EMA on the hourly chart. This indicates a prevailing bearish trend in the near term.
2. What is the rounding bottom pattern and why is it significant for Shipping Corporation of India?
A rounding bottom pattern is a bullish technical setup that indicates a potential reversal from a downtrend to an uptrend. For Shipping Corporation of India, this pattern, backed by strong volume, suggests growing buying interest and a positive outlook.
3. What is the flag & pole pattern and why is it important for Syrm
SGS Technology? A: A flag & pole pattern is a bullish continuation pattern that indicates a pause in an uptrend before the trend resumes. For Syrma SGS Technology, breaking out of this pattern suggests strong bullish momentum and potential for further upside.
4. What is the significance of the 21 EM
and 50 EMA in technical analysis? A: The 21 EMA (Exponential Moving Average) and 50 EMA are technical indicators used to identify trends. When the 21 EMA is above the 50 EMA, it indicates a bullish trend, which is significant for confirming positive sentiment in stocks like Syrma SGS Technology.
5. What should investors consider before making these investments?
Investors should monitor market and technical indicators closely, consult with a financial advisor, and consider their risk tolerance before making any investment. It's also important to set stop-loss and target prices to manage risk effectively.