Analysts at Bajaj Broking believe that Bharat Electronics stock is on the cusp of an upside breakout, according to the Flag formation pattern on the daily chart.
Anand James, chief market strategist at Geojit Investments highlights that Infosys and HCL Technologies look weak on charts as both were trading below March lows and the lower-end of Bollinger Bands.
Kunal Shah Senior Technical Analyst at Mirae Asset Sharekhan believes that Nestle India has given a decisive breakout on the weekly chart, and could potentially rally to ₹1,500-mark on the upside.
Rajesh Bhosale, technical analyst at Angel One believes that overbought conditions tend to persist during strong trends as they also reflect inherent strength.
Amol Athawale of Kotak Securities believes that Vedanta is trading with a positive bias, and expects the stock to test ₹820 - ₹825 levels on the upside.
Technical analyst at Bajaj Broking is bullish on Vodafone Idea stock as it generated a breakout above a falling channel, and is seen sustaining above its 200-DMA.
Technically, ICICI Bank looks stronger on charts and may test new highs after a brief consolidation, believes Ajit Mishra of Religare Broking.
Titan, Kalyan Jewellers, Sky Gold and Thangamayil Jewellery can potentially rally up to 15 per cent from here, believes Om Mehra, technical research analyst at SAMCO Securities.
Midcap stocks to buy? Muthuselvaraj of Mirae Asset Sharekhan expects Waaree Energies, BSE and Phoenix Mills to surge up to 40% in the short- to medium-term.
BSE stock has surged 29% and MCX 21% thus far in April in anticipation of strong Q4 earnings. Anand James of Geojit expects BSE to target ₹4,200 on the upside in the medium-term.
Technical analyst at Bonanza believes that power stocks NTPC, Adani Power, Tata Power, Adani Green and Power Grid are showing strong bullish structure and can potentially surge up to 24% from here.
The near-term outlook for the Nifty remains positive as long as the index holds above 24,080, says Anand James of Geojit Investments.
Ajit Mishra expects upside momentum to continue in metal shares for now. Among individual stocks he predicts up to 18% upside in Jindal Steel, National Aluminium and NMDC.
Jubilant Food vs Devyani International: This QSR stock can rally up to 33%, says tech analyst
Vedanta and Adani group are involved in an intense battle to acquire assets of insolvent Jaiprakash Associates. Technically, Vedanta stock seems to be favourably placed on charts, says Bonanza analyst
Muthuselvaraj, technical analyst at Mirae Asset Sharekhan believes that the overall chart structure for Nifty remains bullish as long as the index holds above 21,750 levels.
Technical charts show that Nifty and its 12 stocks including Infosys, Reliance, Bharti Airtel, Asian Paints, HCL Tech and Bajaj Finance saw their 50-DMA slip below 200-DMA amid March market crash.
Target price of Canara Bank share: Sumeet Bagadia of Choice Broking expects Canara Bank to find strong support around ₹125, its previous rounding bottom breakout level.
Among others Dr. Reddy's, Apollo Hospitals, M&M Finance, Muthoot Finance, Tata Power, Balrampur Chini and Sammaan Capital soared up to 20% from recent lows to cross the long-term average, shows data.
A positive RSI divergence, in general, is considered a bullish technical signal. Tech analysts expect Nifty to target 23,800 levels on the upside.