Stocks to buy: Zen Technologies, Tata Motors and Data Patterns on investors' radar

ETMarkets.comLast Updated: Feb 20, 2025, 07:46:00 AM IST

Synopsis

Benchmark indices Sensex and Nifty close slightly lower amid volatile trading, with blue-chip IT stocks taking a hit. Zen Technologies rose by 10%, Tata Motors saw a minor decline of 0.2%, and Data Patterns gained 9%. Experts suggest cautious trading strategies for these stocks.

Benchmark indices Sensex and Nifty ended marginally lower in a volatile trade on Wednesday dragged by blue-chip IT stocks

Stocks that were in focus include names like Zen Technologies, which rose 10% and Tata Motors, which declined 0.2% and Data Patterns, whose shares gained 9% on Monday.

Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today.

Zen Technologies

The stock witnessed a good breakdown below its major support levels of 1180 and currently rebounding from lower zones. A re-test to the 1150-1200 zone should trigger the next downside move.

Overall we recommend investors to trim down their positions as stock can move lower towards 900 odd levels.

Tata Motors

The stock has its major support at 650 levels and we expect automotive stocks to witness a good rebound from lower levels.

On the upside, the stock can go towards 720-750 odd levels once the uptrend resumes. A strict stoploss to be kept at 650 mark to be managed risk well.

Data Patterns

The stock has witnessed a good break below the major support mark of 1730 and indicating huge negative momentum. Overall the structure of stock is looking to be very negative and stock can go towards 1300 and 1200 id levels.

A strict SL can be kept near 1650 to mark to manage risk well in this trade.

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

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