Indian Hotels has been in a strong uptrend, reporting higher highs, higher lows formation since October last year. The stock formed strong bullish candlestick pattern on the daily charts with above average volumes.
Ipca Laboratories saw a breakout of downward sloping resistance trendline adjoining highs of December 5 last year and January 12 this year. The stock formed strong bullish candlestick pattern on the daily charts with healthy volumes.
Cipla formed long bullish candlestick pattern on the daily charts with above average volumes. The stock continued to trade above all key moving averages (20, 50, 100 and 200-day EMAs) which is a positive sign.
BEML formed long bullish candlestick pattern on the daily timeframe with above average volumes, while the stock traded well above all key moving averages. Further it has been in higher highs, higher lows formation since after October lows.
Tata Motors extended upward move for fifth consecutive session, and strong rally in the last three sessions with healthy volumes, while the stock continued higher highs, higher lows formation for four days in a row.