Technical analyst Kunal Kamble has identified bullish chart patterns in MCX, ACME Solar, and Brigade Enterprises, citing strength in price and volume. While these stocks have shown recent breakouts, investors should consider potential technical overbought signals and sector-specific risks, including real estate cycles and regulatory fluctuations.
On August 21, 2026, a technical research report from Bonanza identified three stocks—Multi Commodity Exchange of India (MCX), ACME Solar, and Brigade Enterprises—as demonstrating strong bullish momentum. The analyst report suggests that these companies have shown positive price action and increased trading volumes, keeping them above key moving averages.
MCX Performance and Commodity Tailwinds
MCX has notably crossed the ₹3,050 resistance level, a move that analysts often interpret as a sign of sustained buyer interest. Beyond the technical breakout, the stock has benefited from a recent rally in precious metal prices, particularly gold and silver, which drives trading volumes on the exchange. Investors tracking MCX should note that while the current momentum appears strong, the stock remains sensitive to regulatory updates and shifts in trading volumes within the commodity derivatives market.
ACME Solar’s Recent Highs
ACME Solar has also garnered attention after recently hitting a 52-week high of ₹404.65. The company’s stock has shown strong accumulation, trading above its Exponential Moving Averages (EMAs). However, as with many stocks exhibiting sharp recent gains, it is important for investors to evaluate current valuations. The company’s financial profile, including return on capital employed (ROCE) metrics, remains a key factor for long-term investors to monitor alongside technical indicators.
Brigade Enterprises and Business Developments
Brigade Enterprises has broken above the ₹612 resistance level, supported by both technical strength and recent business announcements. The company recently confirmed a new lease agreement with US-based firm HealthEdge for space at Brigade Square in Thiruvananthapuram. This tangible business expansion provides a fundamental layer to the stock's recent technical breakout. However, like other players in the real estate sector, Brigade remains subject to cyclical market pressures and capital-intensive operational risks.
Technical Risks to Consider
While the current technical outlook for these stocks is positive, market participants should be aware of potential risks. For stocks like MCX and ACME Solar, a Relative Strength Index (RSI) exceeding 65 can sometimes suggest that a stock is overbought, potentially signaling a short-term correction or consolidation phase. Furthermore, technical breakouts do not guarantee future performance and can be impacted by broader market volatility or sector-specific downturns. The sustainability of these trends will depend on continued volume support and the absence of negative sectoral headwinds. Investors tracking these stocks may look for ongoing updates regarding regulatory changes, project execution timelines, and quarterly profitability trends to validate the technical sentiment.