Domestic indices Sensex and Nifty bounced back on Friday after three days of fall, led by heavy buying in bank stocks and firm global market trends.Stocks that were in focus include names like Jio Financial, which rose 0.14%, Tata Consumer, which gained 0.6%, and ZEE, whose shares jumped 3.8% on Friday.Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today.Jio FinancialThe counter has formed a pattern of lower lows and lower highs on the daily chart, indicating a bearish trend. Its overall structure appears weak, as it is trading below key moving averages. However, there is a strong demand zone around the 300-310 range.On the upside, 340 is a critical resistance level, and a breakout above this could lead to a rally towards 350 and higher in the near term.Tata ConsumerThe counter is forming a double top pattern, with profit booking observed from higher levels near Rs. 1250. Its structure has weakened, as it is now trading below key moving averages.On the upside, Rs 1150 (200-DMA) serves as an immediate resistance, and a break above this level could drive the price toward Rs 1200. On the downside, Rs 1010 acts as a strong demand zone in the event of a correction.ZEEThe structure of the counter is much distorted, but on the lower end at around Rs 120 it found a strong base. So, Risky Trader can take the position at current levels with SL 120 for the target of 140/150.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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