NTPC, Amber Enterprises, and Tata Consumer are the top picks of Ruchit Jain, head of equity technical research, wealth management, Motilal Oswal Financial Services
Recently Nykaa stock had given a breakout on the weekly charts with high volumes. In last few days the stock gradually moved higher and showed relative strength when the markets were correcting.
SRF is on the verge of a consolidation breakout as the price up move has been supported by good volumes. The 50 DEMA has acted as a support on declines where buying interest is seen
Eicher Motors has been a relative outperformer in the Auto space in the recent correction and the prices have now given a breakout from a consolidation and has rallied to its all-time highs
Union Bank stock has been forming a 'Higher Top Higher Bottom' structure and has been a relative outperformer within the PSU Banking space in last couple of weeks, says Ruchit Jain of MOFSL.
Bajaj Finserv stock has shown a relative outperformance to the broader markets in last few days and has now given a breakout from a consolidation phase