HDFC Bank, IREDA, Mankind Pharma: Top stocks to trade — Check key levels, targets & stop loss

Indian equities remained range-bound on Monday after a volatile trading session led by mixed global cues as the traders participation remained limited ahead of Tuesday's trading holiday. However, FIIs return gave some support. The BSE Sensex gained 107.25 points, or 0.13 per cent, to 81,106.65, while the NSE Nifty 50 jumped 58.25 points, or 0.23 per cent, to close at 25,044.65 for the day.

Select buzzing stocks including HDFC Bank Ltd, Indian Renewable Energy Development Agency Ltd and Mankind Pharma Ltd are likely to remain under the spotlight of traders for the session today. Here is what Jigar S Patel, Senior Technical Research Analysts at Anand Rathi Share and Stock Brokers Ltd has to say on them ahead of Wednesday's trading session:

Indian Renewable Energy Development Agency | Buy on dips | Target Price: Rs 125 | Stop Loss: Rs 110
IREDA has witnessed a breakout above multiple significant swing highs following the formation of a bullish divergence, indicating a potential shift in the underlying momentum towards the bullish side. This improvement in price structure suggests further upside potential. Traders can consider a buy-on-dips strategy, with major support placed at Rs 110 and immediate resistance around Rs 125.

Mankind Pharma | Buy on dips | Target Price: Rs 2,800 | Stop Loss: Rs 2,500
Mankind has registered a breakout on the monthly chart, indicating a positive shift in its long-term price structure. The monthly RSI has also moved above the crucial 60 mark, reflecting improving bullish momentum. The stock is expected to maintain its positive bias, and traders can consider buying on declines. Major support is placed at Rs 2,500, while immediate resistance is seen around Rs 2,800.

HDFC Bank | Buy on dips | Target Price: Rs 830 | Stop Loss: Rs 760
HDFC Bank has taken out multiple significant swing highs following the formation of a bullish divergence, indicating a potential reversal in the prevailing trend and a major improvement in bullish momentum. The breakout in price structure supports a positive outlook. Traders can consider accumulating the stock on declines, with major support placed at Rs 760 and immediate resistance around Rs 830.