Benchmark Sensex plunged by 930 points while broader Nifty dropped below the 24,500 level to settle at more than two-month lows on Tuesday due to an intense sell-off across sectors.Stocks that were in focus include names like Adani Green, which fell 1.6%, Zomato, which declined 3.5%, and Bajaj Finance, whose shares declined nearly 2% on Tuesday.Here's what Viral Chheda, Sr Technical Analyst at SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today.Adani GreenAfter making the 52 week high around 2174 in June 2024, price has witnessed a bear run to make the low of 1545 odd levels. Price has given almost 29% downside move from its higher level of 2174 odd levels. From lower level Price gave some pull back to face the resistance of previous highs and from there gave steep downfall to make low of 1665 odd levels.Price is currently facing some selling pressure and can witness further downside. On the higher side, moving above the 1850 odd level, we can see an upside move till 2100. For long term stock looks good and can be bought at every dips.The Stochastics Oscillator is moving in a downward trend along with an increase in volume indicating further downside from here. Hence one can avoid buying at current level and can be bought at dips of 1580 with stop loss of 1380 on weekly closing basis and upside can be seen till 2000-2200 in the coming 10-12 months.Bajaj FinanceAfter making double top around 7824 in Sept 2024, price has given a sharp correction to make the low of 6702 odd levels. Price has given almost 15% downside move from its higher level of 7824 odd levels. Price is currently taking support of the upward moving trend line around 6780 odd levels.Moving below this level can further take the price down till 6300-6100. On Higher side stock has a resistance of 200 DMA around 7000, moving above that level will make the stock move upside till 7300-7500. Price is currently moving below all three major averages of 20 DMA, 50 DMA and 200 DMA.For long term stock looks good and can be bought at every dips. The Stochastics Oscillator is moving in the oversold zone and turnaround can be seen at any moment . Hence one can buy at dips of 6600 and more at dips of 6400 with stop loss of 6200 on weekly closing basis and upside can be seen till 7200-7600 in the coming 10-12 months.ZomatoAfter making low around 146 in June 2024, price has witnessed a Bull Run to make an all time high of 298. Price has given almost 104% returned from its lower level as Bulls were having full control over the price. From the high, price has given some correction to make the low of 254 level.Lower Top Lower Bottom pattern can be seen. Price is currently trading near 50 DMA and moving above 270 we can see further upside till 295 odd levels. On the Lower side it has the support around 240 below which we can see further dip till 220 odd levels. For long term stock looks good and can be bought at every dips.The Stochastics Oscillator is moving in the oversold zone and turnaround can be seen at any moment. Hence one can buy at dips of 246 and more at dips of 236 with stoploss of 220 on weekly closing basis and upside can be seen till 286-320 in the coming 10-12 months.
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