Coromandel International, HDFC Life Insurance Company and SAIL are the stocks that the technical analyst from Religare Broking is bullish on
The technical analyst from HDFC Securities also explains why he is bullish on BPCL, SBI Life
According to the technical analyst from Anand Rathi all three stocks have been consolidating and now set for a good breakout
LUPIN has corrected over 25 per cent from its 52 weeks high and is currently placed near its historical demand zone of 900 odd levels
In the current week, the stock of DLF broke out from the crucial resistance of 350 and saw added significant gains after that
While Aarti Industries and Sun Pharma have been consolidating in a range and awaiting a breakout, Bajaj Auto seems to have given a breakout, says the technical analyst from Religare Broking
On the upside, the Nifty may face resistance in the range of 17,950-18,000, says the technical analyst from HDFC Securities
On the daily time frame, the stock of BSE is on the verge of providing an 'Inverted Head & Shoulder' pattern breakout affirming the bullishness
Traders are advised to continue with a stock specific approach but keep booking timely profits as well
Stocks of PTC India and Indo Count can see a 10-14 per cent upside from current levels
Berger Paints is placed near its strong historical consolidation zone and is expected to surge higher from here onwards, says the technical analyst
The stock price of Alkem Laboratories has broken out on the daily chart
The technical analyst from HDFC Securities also recommends to remain long on the Nifty and BankNifty with a stop at 17,325 and 36,525, respectively.
Tata Motors DVR has re-tested the breakout zone and has seen an early sign of reversal in the last trading session, says the technical analyst from Anand Rathi
Sameet Chavan of Angel Broking recommends buying HPCL, and shorting Titan and Tata Steel
Mahindra & Mahindra has made a triple bottom formation on the daily chart, can target Rs 850 on the upside, says the technical analyst
The technical analyst from Anand Rathi is also bullish on SBI Cards and Jubilant Ingrevia
Torrent Power Sept futures have seen considerable long build up, with 80 per cent rise in open interest and 5 per cent rise in price.
The Religare Broking analyst also recommends buying Apollo Tyres
The broader trend for the Nifty remains bullish, with short-term support and resistance at 17,254-17,438 for the NSE index