Stocks To Watch, Mar 5: Stocks like Ola Electric Mobility, Grasim Industries, RHI Magnesita India, Apollo Hospitals Enterprise, Walchandnagar Industries, ABB India, Mindteck India, Ambuja Cements, Oil and Natural Gas Corporation, Force Motors, Avanti Feeds, Banswara Syntex, SpiceJet, and Manappuram Finance will be in focus on March 5.
RHI Magnesita India's share price has climbed nearly 7 percent over the past month but has fallen more than 9 percent over the past year.
The immediate support for the Nifty 50 is likely to be seen at 22,400, followed by 22,300. In case of a bounce back, the 22,600-22,700 levels are the immediate ones to watch.
Piramal Pharma has negated lower highs formation seen in previous 11 consecutive sessions and saw gap up opening on Tuesday. The stock formed bullish candlestick pattern with long upper shadow on the daily charts.
After several months of consolidation, Indian Overseas Bank has seen a decisive breakout on last Friday. The stock has formed robust bullish candlestick pattern on the daily charts with multi-fold jump in volumes, which brought more positivity in the counter.