If you are an investor in stocks of Marico Limited, D Mart, Vodafone Idea or Yes Bank, this is what you must know about these stocks. Technical Analyst Nilesh Jain, who is Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking tells what prospects these stocks hold and also the strategy while trading or investing in these stocks.

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Marico Limited Shares - Stocks of Marico were trading at Rs 530.25 on the NSE on Monday around 3:10 pm. They were up by 2 per cent or Rs 10.40 from the previous closing price on Friday. The stocks are trading near their lifetime highs of Rs 543.80, which they achieved on 30 June 2020. Jain said that the stocks have recently given a bullish candle breakout and are looking positive on the technical charts. He expects a target price of Rs 560 to Rs 580 and has a 1-2-month horizon.

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DMart shares – DMart or Avenue Supermarts Limited were trading at Rs 3359 around this time on the NSE. They were up by 1.35 per cent or almost Rs 44 from the last closing price on Friday. The 52-week high for this stock is Rs 3408.45 which it attained on 22 June 2021. Jain said that this stock is overbought. His advice is to remain long in this stock. As for fresh positions, he recommends an avoid. Wait and watch strategy is recommended. He said that buying is recommended only when the levels are around Rs 3200-3250. 

Vodafone Idea shares – He said that this stock shows movement only on news. This stock was trading at Rs 9.10 on the NSE at the closing time and was up by over 3 per cent from the last closing price on Friday. The 52-week high in this stock is 13.80, which it attained on 15 Jan 2021. He said that the risk-to-reward ratio will be better only with for investors with long positions. He advised investing in this stock at current levels. Jain said that the breakout level in this stock is at Rs 11. Once this level is breached there will be an upside that will open for levels up to Rs 13. But people with long positions should maintain a stop loss at Rs 8, he further said. 

Yes Bank Shares – Stocks of Yes Bank today ended at Rs 13.50 on the NSE, going up by 0.37 per cent from the last closing price. The 52-week high of this stock is Rs 27.50 which it achieved on 9 July 2020.It has been moving in a sideways manner for quite some time now. Due to a base formation at Rs 12.50, there is a support around this level, he said. The short term breakout level is Rs 14. But, currently there appears no strong pattern that could suggest an upward move, he further said.