Tata Motors formed long bullish candlestick pattern on the daily timeframe after a decisive breakout of horizontal resistance trendline adjoining highs of February 5 and February 16, with above average volumes.
Based on the OI percentage, 52 stocks were on the short-covering list. This included Bata India, IndiaMART InterMESH, SBI Cards & Payment Services, Balrampur Chini Mills, and Astral.
Based on the OI percentage, 31 stocks, including Balrampur Chini Mills, India Cements, Hindustan Aeronautics, Apollo Tyres, and Delta Corp, saw a long build-up.