An analyst from Arihant Capital is observing rounding base pattern formation on the daily chart of Adani Ports, which is sign of strength, with the momentum indicator MACD is positively poised.
Jefferies has initiated coverage on 13 Indian stocks in 2024, expanding its total coverage to 188 stocks with a combined market cap of $3.4 trillion, representing 70 percent of India s listed market. Most of these newly covered stocks have significantly outperformed the benchmark index.
UltraTech's consolidation was characterized by a lower high pattern on a weekly basis and despite which the stock managed to remain well above its 200-DEMA on the daily timeframe, said SMC Global.
Chandan Taparia has recommended three stocks to buy today, May 27. According to him, these stocks are technically placed to see a decent upmove. These three stocks to buy today include, HPCL, Axis Bank and PFC.