Shares of Apollo Micro Systems Ltd and Fractal Analytics Ltd have been on a run recently, while investors tracking or holding the stocks can find strategies suggested by a market expert. Addressing these specific stock queries on BTTV's 'Daily Calls' show, Ruchit Jain, vice president, head – equity technical research, wealth management, Motilal Oswal Financial Services (INH000000412), outlined key levels for the counters.

Apollo Micro Systems

Apollo Micro Systems shares have surged around 59% in a month and gave multibagger returns of 166% in a year period on BSE. On Thursday, the counter settled 0.51% higher at Rs 314.40 per share on BSE.

Responding to a query from BTTV viewer Namish on whether a fresh entry is advisable at current levels, Jain highlighted the stock has recently gave a breakout supported by healthy trading volumes.

"yes I think you can make a fresh entry as well because the stock recently gave a breakout with good volumes," Jain told BTTV. He said that the potential targets for the short to medium-term are around Rs 340 to Rs 350."

The analyst placed strong support at the 20-day moving average (DMA). "The 20 DMA is a good support for the stock and the trend remains intact till the stock is above the 20 DMA, which is now around Rs 280," he explained. With Rs 280 serving as a base, Jain expects the stock to test the Rs 340 to Rs 350 levels in the near term.

Here's the full video: 

Fractal Analytics & Latent View Analytics 

Meanwhile, Fractal Analytics shares have gained nearly 39% in a month. Taking an investment query from viewer Shrikant from Bengaluru regarding his holdings in Fractal Analytics, bought at Rs 900, and Latent View Analytics Ltd, bought at Rs 478, Jain advised holding both positions despite the current IT sector trend.

For Fractal Analytics, Jain noted the stock has performed well regardless of broader market conditions. "With respect to the market trend, the stock Fractal Analytics has done well," he said. Emphasising that current data shows "no signs of trend reversal," he advised the viewer to keep some trailing stop-loss method and continue to ride this trend.

For Latent View Analytics, Jain advised the viewer to hold the position with a strict stop-loss. "For now, I would advise to continue to hold on but keep a stop loss below Rs 280, which is a good support for the stock," he told BTTV.

Are you confused about where to invest, how to invest, or how to build and structure your portfolio? You too can participate in the show to get answers to stock specific queries:-

-WhatsApp number: 7303080488 | You can send us your questions along with your name, location, and your contact details.

-You can send us your questions along with your name, location, and your contact details.

-YouTube comments section: 

- Log on to YouTube of Business Today channel

-Then go to the daily calls live under LIVE segment on YouTube, and use the comment section there to send us your queries.

- Also, direct link to search Daily Calls on YouTube - https://www.youtube.com/@BusinessToday/streams

-BTTV's top market experts will be happy to guide you on your stock queries.

When and where to watch Daily Calls on BTTV

- LIVE streaming time: Every trading day 12 pm

- On YouTube, https://www.businesstoday.in, Business Today X handle - https://x.com/business_today; and Business Today Facebook  page -https://www.facebook.com/BusinessToday/

About the show

- Daily Calls answers your specific stock queries LIVE on the program, wherein top market experts guide you on your stock related questions

-You can gain invaluable insights and clarity on your market queries through our live sessions featuring expert analysts. 

(DISCLAIMER: The views/advice/suggestions expressed in the video are solely by market analysts & investment experts. Please consult your investment advisers before making any financial decisions.)