Breakout Stocks: How should investors trade Shriram Finance, Canara Bank and RIL on Monday?
Sectorally, buying was seen in public sector, utilities, power, and realty stocks while some selling was seen in consumer durables, metal, and FMCG stocks.
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Sectorally, buying was seen in public sector, utilities, power, and realty stocks while some selling was seen in consumer durables, metal, and FMCG stocks.
HDFC AMC has been trading above all the key moving averages which seems to suggest that it is poised for a big run in the forthcoming trading session. The counter has given a pattern breakout with strong volume buildup as well, signalling big hands are also taking part in the stock.
Stocks that were in focus include names like Gujarat Ambuja, which rose 6%, Berger Paints closed with gains of more than 6% to hit a fresh 52-week high and Indian Bank, which closed with gains of about 4% to hit a fresh record high on Friday.
Stocks that were in focus included names like Hitachi Energy, which was up more than 3%, KPIT Technologies, which rose 4% to hit a fresh all-time high, and Linde India, which also rose nearly 3% to a fresh high on Wednesday.
Stocks that were in focus include names like Cipla which hit a record high and closed with gains of nearly 4%, Zomato rallied over 10% and Info Edge closed with gains of nearly 8% with a rise in volumes on Friday.