Buying was seen in media, PSU banks and realty stocks while Nifty IT ended 1.25% lower. SBI ended 4% higher while TCS, Infosys and Tech Mahindra ended 1-3% lower.
We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout.
We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view.
Here’s what analyst Sanket Thakar, CMT, Founder of Alpha Bot Capital, had to say:
EIH
EIH has hit all-time high levels with high volumes & aggressive buying. The trend in higher and lower time-frame is positive. In the 15 minutes’ chart, it has also broken out of a Flag Pattern, which is aiming at targets of Rs 440 & Rs 448 levels in the coming few days.
YES Bank
YES Bank had recently given a breakout from Cup and Handle pattern on the weekly charts. It is currently in a positive trend mode and the nearest target is the previous resistance of Rs 32.5 & the mid-term target is Rs 40, which is of the Cup and Handle pattern.
ETMarkets.comAdani Green
Adani Green has broken out of a Rising Channel pattern and entered 52-week-high levels. The short-term trend is bullish and once it sustains above Rs 1,941 levels, it will go for upside levels of Rs 2,045 & 2,176. The support level below is at the lower trendline of Rs 1,700.
ETMarkets.com(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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