Varun Beverages has seen a nice decisive falling resistance trendline breakout in the initial period of trade on September 26 and has formed long bullish candlestick pattern on the daily timeframe with robust volumes.
Stocks that were in focus include names like HUDCO which was up more than 3%, Thermax closed with gains of over 2% to hit a fresh lifetime high and Indian Bank pared gains and closed with gains of nearly 1% on Wednesday. All stocks hit a fresh all-time high.
Ipca Labs has been trading under pressure since last two years and a few weeks ago the stock marked its 52-week low of Rs 669.80 as well in the month of May 2023.
Infosys has formed long bullish candlestick pattern on the daily charts with above average volumes and sustained above downward sloping resistance trendline adjoining highs of December 1 last year and September 6 this year.
SJVN has delivered exceptional returns since the beginning of this year, with an impressive gain of nearly 120% so far. IRCON International benefitted from a favourable trend in the railway infrastructure sector. RVNL also belongs to the railway infrastructure sector, which is currently experiencing robust buying interest