Short-term traders can look to buy the stock for a target of Rs 2,380 in the next 1-2 months, suggest experts. The price fluctuations seen in the CDSL stock price resulted in the formation of an Ascending Triangle on the daily charts. The resistance was seen around Rs 2,000-2,050 levels.
The logistics stock hit Rs 1,035 on February 23, 2024, but failed to hold momentum. It witnessed a dip which took the stock below crucial short-term moving averages and bounced back.
Biocon stock broke out from a Symmetrical Triangle pattern last week on the monthly charts, which has opened room for it to head higher and hit fresh multi-year high. The stock remained range-bound in the last 3 months but witnessed a rebound after retesting its 200-Days EMA on the daily chart.
NBCC (India) Ltd has shown impressive growth, hitting Rs 176.50 high. Chart patterns indicate further potential for growth, supported by expert recommendations for targets of Rs 158-186 amidst bullish market sentiment. In terms of price action, the stock is trading above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts.