Based on the OI percentage, 87 stocks including Oracle Financial, Dr Lal PathLabs, LTIMindtree, Metropolis Healthcare, and Ashok Leyland saw a long build-up.
The bullish harami cross is a technical analysis candlestick pattern that can indicate a potential reversal in a downtrend and provide valuable insights for investors seeking to make informed decisions. This pattern features a large bearish candle followed by a small bullish candle completely engulfed by the previous bearish candle, signifying a shift in momentum. Stocks such as eClerx Services Ltd., Sharda Cropchem Ltd., Go Fashion (India) Ltd., Sonata Software Ltd., Zomato Ltd., EPL Ltd., Sona BLW Precision Forgings Ltd., Shriram Finance Ltd., and Balrampur Chini Mills Ltd. have all shown the bullish harami cross pattern, signaling potential opportunities for investors.
Suzlon Energy has formed Bullish Harami kind of pattern on the daily charts and rallied nearly 5 percent to Rs 14. The stock has been in an uptrend after the golden crossover with 50-day EMA crossing the 200-day EMA on May 24.
After hitting a high around Rs 1,680, the stock has been into consolidation for more than couple of weeks and has been struggling for breakout the same high. If the said level breaks out in coming days, then the stock can march towards its record high of Rs 1,750, experts feel.
Triveni Turbine shares climbed 4.5 percent to Rs 315 and formed long bullish candle on the daily timeframe with making higher high higher low formation. The stock traded above all key moving averages (9, 21, 50, 100 and 200-day EMA - exponential moving average).