Extending the winning run to the third day, benchmark indices Sensex and Nifty closed higher on Thursday on buying in heavyweight stocks.Stocks that were in focus include names like Nestle India, which rose 2% and IndusInd Bank, which gained 1.1% and Bajaj Finance, whose shares jumped 2.1% on Thursday.Here's what Kushal Gandhi, Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.Nestle IndiaThe share price of Nestle India is currently experiencing a downtrend, trading cautiously at its immediate support level around 2145. Following a substantial 23% correction from its record high of 2778, the stock demonstrates resilience against further declines, mirroring its sectoral index.However, its price performance has been lackluster compared to both its performance over the last 12 months and the Nifty50, alongside a noticeable decrease in buying demand. Overall sector demand also remains weak in the current market environment. From a technical perspective, the RSI on daily and higher timeframes is positioned below the median levels, indicating sluggish momentum.The resistance level at 2280 is significant, and a decisive breach of this resistance could signal potential signs of a trend reversal. We advise refraining from making new purchases and recommend holding the stock, using the 200-week moving average, currently near 2113, as a stop-loss point.Bajaj FinanceThe share price of Bajaj Finance appears to be evolving within a volatility contraction pattern that has developed over the past four years, suggesting potential interest from savvy investors. Consequently, we maintain a positive outlook on the stock from a medium-term perspective.The company has demonstrated significant improvement in its earnings per share (EPS), buyer demand, and price strength compared to its performance over the previous twelve months as well as relative to the Nifty50 index, which is a favorable indication. Recently, the stock experienced a rapid recovery after finding support at its 50-week moving average, surging 28% over the past nine weeks.This surge led to profit booking following the announcement of strong Q3 results. Additionally, the formation of an inverted hammer on the daily timeframe, combined with the current price action trading over 7.5% above the mean, suggests that we advise against making new entries at the present price levels. Instead, we recommend considering any dips in the stock as an opportunity to accumulate shares with a target price of 8,993 from a medium-term standpoint.IndusInd BankThe share price of IndusInd Bank is currently in a confirmed downtrend, with no signs of recovery evident in the technical data. The stock is trading 45% below its peak of 1694, reached in January of last year.Presently, the price action is significantly below the 50-week moving average, while the shorter-term daily moving average has been acting as a persistent supply zone, leading to consistent rejections of any significant recovery attempts—an unfavorable development.This situation has resulted in a marked decline in its earnings per share (EPS) strength, relative strength to Nifty50 and its past 12-month price performance, and buyer demand. Therefore, we recommend exiting this stock and exploring opportunities in HDFC Bank, Kotak Bank, or ICICI Bank within the private banking sector.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)