AU Bank, Chalet Hotels, Paradeep: Top stocks to trade — Check key levels, target prices & stop loss

Indian equity benchmark indices managed to post modest gains on Tuesday amid the expiry of August F&O series as the US sanctions on Iran fell short of expectations, leading to a fall in the crude oil price and bond yields. The BSE Sensex gained 286.98 points, or 0.37 per cent, to close at 77,656.09, while NSE's Nifty50 jumped 115.50 points, or 0.48 per cent, to end at 24,334.55 for the day.

Select buzzing stocks including AU Small Finance Bank Ltd, Paradeep Phosphates and Chalet Hotels Ltd are likely to remain under the spotlight of traders for the session today. Here is what Rajesh Palviya, Head of Research at Axis Direct. has to say on them ahead of Wednesday's trading session:

Paradeep Phosphates | Buy | Target Price: Rs 171-180 | Stop Loss: Rs 152 Paradeep Phosphates Ltd is trending higher, forming a series of higher tops and bottoms on the daily and weekly charts, which indicates bullish sentiment in the near future. The stock is well placed above its 20, 50, 100 and 200-day SMAs. These averages are also inching up along with the price rise, which reconfirms the bullish trend. Huge volumes on this rally indicate increased momentum. The daily Bollinger Band' buy signal indicates increased momentum. The daily and weekly RSI is in favourable territory, indicating rising strength across all time frames. Investors should consider buying, holding, and accumulating this stock. Its expected upside is Rs 171-180, and its downside support zone is the Rs 154-150 levels. 

Chalet Hotels | Buy | Target Price: Rs 955-985 | Stop Loss: Rs 875 With the current close, Chalet decisively surpassed the multiple resistance zone of Rs 878-880 on a closing basis, accompanied by huge volumes indicating a strong comeback by the bulls. The stock is well placed above its 20, 50, 100 and 200-day SMAs. These averages are also inching up with the price rise, which reconfirms the bullish trend. The daily and weekly Bollinger Band buy signal indicates increased momentum. The daily and weekly RSI is in favourable territory, indicating rising strength across all time frames. Investors should consider buying, holding, and accumulating this stock. Its expected upside is Rs 955-985, and its downside support zone is the Rs 880-870 levels. 

AU Small Finance Bank | Buy | Target Price: Rs 1,190-1,215 | Stop Loss: Rs 1,110 AU Bank is in a strong uptrend across all time frames, forming a series of higher tops and bottoms, indicating a strong bullish bias. It also registered an all-time high at Rs 1,144, indicating a positive bias. Rising volumes on the rally indicate increased participation. The daily Bollinger Band buy signal indicates increased momentum. The stock is well placed above its 20, 50, 100 and 200-day SMAs. These averages are also inching up with the price rise, which reconfirms the bullish trend. Investors should consider buying, holding, and accumulating this stock. Its expected upside is Rs 1,190-1,215, and its downside support zone is the Rs 1,120-1,100.