Top Stock Trades for August: Manappuram, Power Grid 300 CE, Shriram Finance, JBMA & McLeod Russell
By CapitalKeeper | Top Intraday Stock | Smart Trading Starts Here
Explore CapitalKeeper’s latest stock and option strategies including Manappuram, Power Grid 300 CE, Shriram Finance, JBMA, and McLeod Russell. Entries, stop-losses, and targets explained.
📈 Stock & Option Picks for August Series: Manappuram, Power Grid, Shriram Finance, JBMA & McLeod Russell
As we enter a fresh leg of the August derivatives series, momentum in select mid-cap and high-beta stocks is catching fire. Today’s watchlist includes a blend of positional option setups and equity swing trades, such as Manappuram, Power Grid, Shriram Finance, JBMA, and a high-risk reward play in McLeod Russell.
Let’s dive into the setups with risk-managed strategies.
🪙 1. Manappuram Finance (CMP ₹270)
💼 August Option Play – Steady Gold-Finance Momentum
- Option: August expiry
- Strike: Unspecified (assumed 270 CE @ ₹2.65)
- Buy & Hold
- Stop Loss (Cash Level): Below ₹263
- Targets: ₹280 / ₹300 / ₹311
📌 The stock has been consolidating in a tight range with higher volumes near ₹265-₹270. Option data suggests OI buildup, indicating potential move toward ₹300+.
⚡ 2. Power Grid – 300 CE @ ₹9.20 (August Expiry)
🔌 Defensive Play with Option Strength
- Buy Price: ₹9.20
- Stop Loss: ₹6.00
- Target (Cash Level): ₹320+
📌 Price action in Powergrid is gaining momentum as it reclaims support zones. Option chart suggests strength around ₹300 CE with fresh long additions.
💳 3. Shriram Finance (CMP ₹667)
💰 Cash Positional Setup
- Buy at CMP: ₹667
- Stop Loss: ₹625
- Targets: ₹717 / ₹750
📌 Strong institutional buying seen in NBFC space. Technical breakout from flag pattern visible with support at ₹640-645.
🚗 4. JBMA (CMP ₹650)
🚀 Breakout Watch – Auto Ancillary Strength
- Setup: Keep on Radar
- View: Short-Term Breakout Likely
- Support Zone: ₹620–₹630
- Upside Potential: ₹700–₹740+
📌 Trendline breakout with rising volumes. Looks poised for short-term momentum trade.
🍃 5. McLeod Russell (CMP ₹36.50)
🌿 High Beta Small Cap Play with Positional Targets
- Buy Zone: ₹36.50
- Stop Loss: ₹31
- Targets: ₹46.60 / ₹55 / ₹60
📌 The stock has reversed from long-term support and is forming a base with volume confirmation. Suitable for high-risk swing traders.
📊 CapitalKeeper Trade Summary
| Stock/Option | Type | Entry Zone | Stop Loss | Targets | Time Frame |
|---|---|---|---|---|---|
| Manappuram Aug Option | Option (Buy & Hold) | ₹2.65 | ₹263 (Cash SL) | ₹280 / ₹300 / ₹311 | Positional |
| Power Grid 300 CE | Option (August) | ₹9.20 | ₹6.00 | ₹320+ (Cash) | Short-Term |
| Shriram Finance | Cash | ₹667 | ₹625 | ₹717 / ₹750 | Swing |
| JBMA | Cash (Radar) | ₹650 | ₹620–630 | ₹700 / ₹740+ | Short-Term |
| McLeod Russell | Investment Pick | ₹36.50 | ₹31 | ₹46.60 / ₹55 / ₹60 | Positional Swing |
💡 CapitalKeeper Takeaway
This blend of option setups and breakout equity picks offers diversified exposure across finance, infra, auto, and FMCG sectors. Maintain strict stop-loss discipline and trail profits as momentum unfolds. Option trades are best entered during the first week of the series for better theta control.
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