The Nifty is currently trading within a rising channel pattern, suggesting potential bullish momentum if it manages to maintain levels above 22,300 in the current week, with a likely target range of 22,750-22,800.
Amara Raja Energy formed robust bullish candlestick pattern on the daily charts. The trading volumes remained strong for last five days, while the stock traded well above all key moving averages.
Navin Fluorine International has seen a consolidation breakout. The stock has formed big bullish candlestick pattern on the daily timeframe, and traded above 10, 21 and 50-day EMA, but still way below 200-day EMA.