An analyst from YES Securities said that ITC experienced a gradual decline as it appears to be bottoming out and consolidating as indicated by the historical chart patterns on the daily chart.
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An analyst from Swastika Investmart said that Suzlon is coming out of a long consolidation with strong volume and its overall structure is very bullish, trading above its all-important moving averages.
The overall bias remains on the positive side, and the Nifty seems to have stabilised near the 22,500 zones in the last 2-3 sessions despite volatility.
Power Grid has been maintaining its bullish trajectory, with prices staying within an upward channel and consistently achieving higher highs on daily and weekly charts, said SMC Global.