LTIMindtree has experienced a double bottom breakout, which is a bullish signal indicating a potential upward movement in price. Additionally, it has been able to sustain above its near-term 21-day exponential moving average (21EMA), further strengthening the positive outlook.
Dreamfolks Services has witnessed a breakout of the triangle formation after a long consolidation. It has also successfully come out of the listing date high of Rs 550 with huge volume. It is trading above all important moving averages.
Primary trend of Marico has been bullish as it has been forming higher tops and higher bottoms on weekly charts. Stock price has been finding support on its 50-day EMA.
Cummins India has been a steady outperformer in the capital goods space for the last many months now. The stock has seen a series of ‘Higher Highs Higher Lows’ in all time frame charts without any major correction.
Exide Industries is currently trading at 52-week – high which tells that the stock already is in strong momentum.
Engineers India stock has experienced a consolidation breakout on the daily chart, indicating a potential shift in its price trend.
In Paytm, the breakout of an ascending triangle formation is generally considered a bullish signal. This pattern consists of a flat top resistance level and upward sloping support, indicating potential buying pressure.
IDBI Bank has been forming higher top higher bottom candlestick pattern on the weekly chart since July 2022. Momentum Indicators and oscillators are showing strength in the stock.
NIIT has seen strong buying traction in the last trading session on Friday, which was backed by robust volumes and has witnessed a breakout on a closing basis, signifying positive development in the counter.
Craftsman Automation has maintained formation of the Higher high & Higher Low since April 2021. In the first week of May 2023, the stock gave a breakout of the Descending Triangle pattern, indicating continuation of the prior uptrend.
IDBI Bank has recently experienced a consolidation breakout on the daily chart, indicating a potential upward movement.
Elecon Engineering is looking lucrative on technical fronts. Technically, it is bouncing back from a 38.2 percent retracement of the previous rally. It has witnessed a breakout of the triangle formation with strong volume, which suggests much more potential upside in this counter.
Primary trend of CCL Products has been bullish as it has been forming higher tops and higher bottoms on weekly charts. Stock price has been finding support on its 50-day EMA.
At the current juncture, the price action in Container Corporation of India is above William alligator (trend following indicator) which is echoing towards further upside in the counter.
Suprajit Engineering now for the first time has got into formation of the Higher high & Higher Low post the Rally from January 2022. This illustrates the positive undertone of the prices.
Dreamfolks has recently experienced a breakout on the daily chart, accompanied by a significant increase in trading volumes.
The overall structure in Tube Investments of India is very lucrative as it trades above its all-important moving averages.
Primary and intermediate trend turned positive as MSTC has closed above its 50, 100 and 200-day EMA (exponential moving average).
Initially, the base building was visible in NOCIL and now the stock prices have gained some momentum in the upward direction. On Friday, we witnessed a good price-volume breakout from a recent cluster of resistances around Rs 220.
In the latest week, Aditya Birla Capital has given a breakout of Rounding pattern, indicating a continuation of the trend to the upside.
Pidilite Industries has moved above its recent consolidation on the daily chart, suggesting a rise in optimism. Besides, the stock has moved above its short-term moving average (50-EMA - exponential moving average).
AU Small Finance Bank has witnessed the breakout of a triangle formation with strong volume. It has formed a base at around Rs 550. The struture of the counter looks lucrative, as it is trading above all its important moving averages.
Gujarat Ambuja Exports experienced a remarkable surge in April after consolidating around multi-month lows of Rs 230. On the daily chart, prices have broken out of a range after a brief pause over the last few sessions.
GMR Airports has maintained a level above Rs 34 consistently since early October 2021, indicating significant strength despite a market correction.
GNFC has given a strong breakout on the daily chart with a sharp surge in volumes. The stock has broken out from a falling channel pattern which was in force for the last 2-3 months.