Apollo Hospitals, Aster DM Healthcare, Sai Life Sciences have rallied up to 27% thus far in FY27; technical analysts remain bullish on these stocks given the favourable chart set-up.
Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities expects Polycab India and Coal India to rally further on breakout above the ₹9,800- ₹9,850 and ₹485- ₹490 zones, respectively.
Technical analysts caution that the short-term trend for Nifty remains weak, and the index could extend the fall toward 22,800-22,700 levels in the coming sessions.
Hitesh Rathi, technical analyst at Angel One says that IT stocks continue to trade with a negative bias on the charts, and are prone to further fall if they dip below the crucial support zones.
Analysts at Axis Securities project up to 16% upside in Federal Bank, Zen Technologies and Chennai Petroleum owing to breakout witnessed on the weekly charts.
Jatin Gedia of Teji Mandi reckons that Indian Bank, Phoenix Mills and PFC have found support at their respective 200-DMAs and look ripe for further upside, according to technical charts.
Power Finance Corporation's share price is at the cusp of generating a breakout above the falling trendline joining the last 2 months' highs, says Bajaj Broking.
LIC holds 10.8% stake in Rajesh Exports; Market expert Ajit Mishra of Religare Broking expects LIC to consolidate in the near-term, with charts indicating support at ₹385 levels.
Nishchal Jain, Quant Researcher at Share.Market by PhonePe sees Vodafone Idea stock crossing the ₹20-mark as a viable option; but cautions against short-term volatility owing to overbought conditions.
