Technically, when any stocks crosses crucial hurdles and witnesses accumulation at key supports, the trend is expected to witness robust upside ahead.
Delta Corp needs to cross the 200-DMA to regain the momentum, while Nazara Technologies must hold the 200-DMA as a support.
Selective textile stocks are developing robust chart structures
The counter may struggle to cross Rs 2,800-mark, which appears to be the next hurdle, but the current momentum is not suggesting any weakness.
Bank of Baroda shares hit a new 52-week high and are course to achieve all-time high
While index requires to scale major hurdles, the aggressive rally towards those has triggered positive upside in IT stocks.
For the S&P BSE Sensex and the Nifty50, the 200-DMA is placed at 60,570 and 17,947 levels.
Trend of brokerage firms appear attractive on technical charts, progressive uptrend to continue.
Selective AMC stocks like HDFC Asset Management Company and Nippon Life India Asset Management may rise up to 15%
Life Insurance Corporation of India and Bharat Electronics may see up to 10 per cent rally in coming sessions.
Technical chart of InterGlobe Aviation appears promising, with price action heading towards Rs 2,800. SpiceJet remains underperformer.
Shares of UltraTech Cement and Titan Company reached new historic peaks, while ABB India hit a new 52-week high on Friday
RCF, GNFC and FACT may rally up to 15% as per their technical charts
The bullish trend in TTML, Suzlon, Paytm, Mazagoan Dock Shipbuilders and Torrent Power continues to remain resilient, anticipating up to 30 per cent upside.
Except Jindal Stainless, other metal stocks require to cross key barrier to rally forward
Every minor correction may see addition of long positions, say experts
Shares of IDFC First Bank, IndusInd Bank, Bandhan Bank, and Axis Bank may surge up to 15 per cent, show technical charts.
Selective automobile stocks may soar up to 15%, show charts
few selective stocks, like Gland Pharma, PVR INOX, Siemens, Upl and JK Paper may continue to slide lower demonstrating a bearish engulfing sentiment, show technical charts
Nifty Bank index may rise up to 2.25% once hits a new historic peak, shows technical charts