Tata Steel saw a rounding base formation on the daily chart. It also formed a strong bull candle with high volumes, which suggests the momentum on the upside is likely to continue.
Stocks that share market analysts recommended: Stock brokerages have come out with research reports on select stocks namely Reliance Industries, TVS Motor Company, Indigo Paints and Bata India. Watch this Visual Story to see what brokerages said about these counters.
TVS Motor on the weekly chart has decisively broken out above the medium term 'Consolidation Zone' between Rs 1,180-960 with strong bullish candle indicating a range bound breakout.
Asian Paints has formed an elevated base around Rs 2,700 and after consolidating for a prolonged 3-month period has marched forward to break past the consolidation zone.