3 Stocks in Focus on 14 August: Radico Khaitan, Paytm and DLF Show Positive Technical Setup
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Radico Khaitan, Paytm and DLF are in focus on August 14 after Motilal Oswal's Chandan Taparia highlighted positive technical setups across the three stocks. Here's what the charts and market indicators suggest.
3 Stocks in Focus on 14 August: Radico Khaitan, Paytm and DLF
Indian equity markets are expected to remain volatile on Friday, August 14, amid mixed global cues and uncertainty across major markets.
The Nifty 50 closed at 24,395.85 in the previous session, while the Sensex ended at 78,079.96.
According to Chandan Taparia, Head of Derivatives & Technicals, Wealth Management at Motilal Oswal Financial Services, the Nifty 50 could remain within a broad range of 24,200–24,700, with an immediate range of 24,300–24,600.
Against this market backdrop, Radico Khaitan, Paytm and DLF are among the stocks highlighted for their technical strength.
Radico Khaitan
Radico Khaitan is showing a strong technical structure and is trading close to its all-time-high territory.
The stock recently formed a bullish Marubozu candle with noticeable volume participation, indicating strong market activity.
Key Technical Signals
The combination of price action and volume has kept Radico Khaitan on the technical radar.
Paytm
Paytm, operated by One 97 Communications, has also shown improving technical momentum.
The stock has formed an inside-bar breakout, suggesting a potential continuation of its prevailing trend.
Momentum indicators remain supportive, with the stock trading above key moving averages.
Key Technical Signals
The combination of price action and momentum indicators has placed Paytm among the stocks being closely tracked.
DLF
DLF has been consolidating within a narrowing price range and is showing signs of improving buying interest around key moving averages.
The stock is approaching a trendline resistance zone, making the upcoming price action important from a technical perspective.
Key Technical Signals
Nifty 50 Market Outlook
The Nifty 50 has remained under pressure after forming a series of lower highs over recent sessions.
Taparia highlighted 24,400 as an important level to watch.
Key technical zones mentioned in the analysis include
Resistance: 24,550–24,650
Support: 24,300–24,200
The index's ability to sustain above important support zones could remain crucial for short-term market sentiment.
Bank Nifty Outlook
Bank Nifty has been consolidating around the 57,500 zone.
The index formed an inside-bar pattern on the daily chart while continuing to hold above its 20 DEMA.
Key levels highlighted include
Resistance: 58,000–58,250
Support: 57,250–57,000
Key Takeaways
Disclaimer
This article is published solely for educational and informational purposes and should not be considered financial, investment, legal, or tax advice.
TrendRipperX is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser or Research Analyst. The stocks and technical observations mentioned in this article are presented only as market information based on publicly available analysis and do not constitute any recommendation to buy, sell, or hold any security.
The views discussed are attributed to the respective market analyst or brokerage firm and do not represent the personal investment advice of TrendRipperX. Market conditions can change rapidly, and technical patterns do not guarantee future performance.
Readers should conduct their own research and consult a SEBI-registered financial professional before making any investment decision.
Frequently asked questions
What do you need to know about 3 Stocks in Focus on 14 August: Radico Khaitan, Paytm and DLF Show Positive Technical Setup?
Radico Khaitan, Paytm and DLF are in focus on August 14 after Motilal Oswal's Chandan Taparia highlighted positive technical setups across the three stocks. Here's what the charts and market indicators suggest.
What are the key points on 3 Stocks in Focus on 14 August: Radico Khaitan, Paytm and DLF?
Indian equity markets are expected to remain volatile on Friday, August 14, amid mixed global cues and uncertainty across major markets.
How significant is radico Khaitan?
Radico Khaitan is showing a strong technical structure and is trading close to its all-time-high territory.
Which levels matter for key Technical Signals?
Strong uptrend. Trading near all-time-high levels. Bullish Marubozu formation. Strong volume participation. Positive price momentum.
What should you know about paytm?
Paytm, operated by One 97 Communications, has also shown improving technical momentum.
What does the chart say about key Technical Signals?
Inside-bar breakout. Positive momentum. RSI remains supportive. Trading above key moving averages. Improving trend structure.
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