Top Positional Trades: Canara Bank, Archidply, SABICARD & Star Cement – Entry, Stop Loss & Targets Explained
By CapitalKeeper | Top Intraday Stock | Smart Trading Starts Here
Explore the latest bullish setups in Canara Bank, Archidply, SABICARD, and Star Cement. Get detailed entries, stop losses, and target levels for swing and positional trades including options and futures.
🔔 Market Radar: Canara Bank, Sabicard, Archidply & Star Cement — Trade Setups You Shouldn’t Miss!
The Indian markets continue to show resilience ahead of August expiry, and stock-specific action is heating up. Here are a few positional and swing setups that are looking attractive on the charts.
📌 1. Canara Bank (CANBK)
- CMP: ₹115.60
- Trade Type: Option + Spot
- Strategy: Bullish Breakout Anticipation
🔹 Option Trade:
- August 125 CE @ ₹1.95
- Stop Loss: Below ₹111 (Spot)
- Target: ₹125+ (Spot)
Rationale:
Canara Bank is forming a cup and handle breakout structure. A strong close above ₹116.5 can fuel momentum toward ₹125+. Monitor volumes for confirmation.
📌 2. Archidply Industries (ARCHIDPLY)
- CMP: ₹104
- Trade Type: Positional Cash
- Target: ₹125 → ₹140 → ₹150
- Stop Loss: ₹94
Rationale:
After a long consolidation, Archidply has started forming higher highs. Strong weekly close and increasing delivery volumes suggest bullish continuation in this low-float counter.
📌 3. SBI Cards & Payment Services Ltd (SABICARD)
- CMP: ₹908
- Trade Type: Multi-Strategy (Cash / Option / Future)
🔹 Cash Trade:
- Target: ₹1000–₹1030
- Stop Loss: ₹875
🔹 Options Trade:
- August 900 CE @ ₹33
- Buy near: ₹30–33
- Stop Loss: ₹20
- Targets: ₹50–60+
🔹 Futures Trade (September Expiry):
- CMP: ₹898
- Buy near: ₹890
- Stop Loss: ₹875
- Target: ₹950–₹1000
Rationale:
SABICARD is poised for a breakout from a descending trendline with strong RSI divergence. Institutional flows seen picking up. F&O data supports bullish bias.
📌 4. Star Cement (STARCEMENT)
- CMP: ₹222.20
- Trade Type: Positional Cash
- Target: ₹238
- Stop Loss: ₹214
Rationale:
Strong base building seen near ₹215. Weekly MACD turning bullish, and breakout from narrow range signals potential for a 6–8% upside in the near term.
✅ CapitalKeeper Summary Table
| Stock | Type | Entry | Stop Loss | Target(s) | Strategy |
|---|---|---|---|---|---|
| Canara Bank | Option | 125 CE @1.95 | ₹111 | ₹125+ | August Expiry |
| Archidply | Cash | ₹104 | ₹94 | ₹125 / ₹140 / ₹150 | Positional |
| Sabicard | Multi-Asset | ₹908 | ₹875 | ₹1000 / ₹1030 | Cash / Option / Futures |
| Star Cement | Cash | ₹222.20 | ₹214 | ₹238 | Swing / Positional |
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