Whalesbook
Titan Company
Angel One analyst Rajesh Bhosale recommends buying Titan Company within the ₹4,097 to ₹4,080 range, setting a stop loss at ₹3,900 and a target price of ₹4,500. The stock has recently achieved a multi-month breakout above ₹3850, which now acts as strong support. This level is reinforced by a "Double Bottom" chart pattern. A bullish engulfing candle on the weekly chart near this support suggests the primary uptrend is likely to continue. Titan also holds above key moving averages, showing solid performance despite broader market movements.
Adani Power
For Adani Power, Bhosale suggests a buy between ₹160 and ₹158, targeting ₹180 with a stop loss at ₹150. The stock has broken through the resistance zone around ₹155, confirming a channel breakout on the daily chart. Its position above the 61.8 percent Fibonacci retracement level from its recent peak indicates potential for further upward movement. Positive trading volumes, with higher activity during price increases, suggest strong investor accumulation. The Relative Strength Index (RSI) remains above 60 on multiple timeframes, pointing to sustained bullish momentum.
GPIL
Godawari Power and Ispat Ltd (GPIL) is recommended for purchase near ₹277 to ₹275, with a stop loss at ₹266 and a target of ₹298. The stock has broken out of a multi-month "Symmetrical Triangle" consolidation pattern, signaling a potential upward move. Trading comfortably above its key moving averages and with the RSI holding above 60, GPIL displays a persistent bullish trend and positive momentum.