Whalesbook
Technical Breakouts Signal Opportunity
Rajesh Palviya of Axis Securities pointed to Goodluck India, noting its all-time high and breakout above Rs 1,355 resistance on high volume. The stock trades above key moving averages, with positive RSI readings across daily, weekly, and monthly timeframes, indicating a strong uptrend. Palviya set targets at Rs 1,600 and Rs 1,730, with a stop-loss at Rs 1,350.
CreditAccess Grameen also caught Palviya's attention. It confirmed an inverse head-and-shoulders pattern near Rs 1,450 on the weekly chart, supported by high volumes. Like Goodluck India, it is trading above its 20-, 50-, 100-, and 200-day simple moving averages (SMAs) and shows positive RSI. Targets are set at Rs 1,650 and Rs 1,830, with a stop-loss of Rs 1,440. Cera Sanitaryware was another pick, breaking decisively above Rs 5,550 resistance with strong volumes, targeting Rs 6,000 to Rs 6,200, and a stop-loss at Rs 5,600.
Pharma and Infrastructure Stocks Shine
Rajesh Bhosale from Angel One focused on Sun Pharmaceutical Industries. The stock has broken out of a year-long consolidation range between Rs 1,530 and Rs 1,830. Bhosale noted strong movement in the pharma sector and a new 52-week high. He recommends buying between Rs 1,848–1,840, targeting Rs 1,950 with a stop-loss at Rs 1,798.
NTPC is in a strong uptrend, having broken Rs 390 and resumed its primary trend after retesting that breakout level. Bhosale suggested buying around Rs 402–398, targeting Rs 421, with a stop-loss at Rs 390. Timken India also showed a decisive breakout above Rs 3,500 on the weekly chart, confirming a saucer formation. Targets are Rs 3,900, with a stop-loss at Rs 3,440.
Reversal Signals and Continuation Patterns
Anshul Jain of Lakshmishree Investments identified Gravita India, which confirmed an 86-week falling channel breakout near Rs 1,765, signaling a trend reversal. Rising volumes and positive alignment of exponential moving averages (EMAs) support this outlook. Jain set a target of Rs 2,100 and a stop-loss at Rs 1,655.
Ratnamani Metals and Tubes has negated a 59-week bearish breakdown and is approaching rectangle resistance near Rs 2,951. A move above this level could drive momentum towards Rs 3,400, with a stop-loss at Rs 2,650. Apar Industries confirmed a significant continuation pattern with a breakout from a 77-week cup-and-handle formation at Rs 11,400. The target is Rs 16,500 to Rs 18,000, with a stop-loss at Rs 11,000.