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PB Fintech has maintained 200-day EMA (exponential moving average) since February and has given a golden crossover with 50-day EMA crossing 200-day EMA in April, which is a positive sign.
Zensar Technologies has seen a strong buying interest, rising 13 percent to Rs 384.15, the highest closing level since April 8 last year, and formed robust bullish candlestick pattern on the daily charts, with significantly higher volumes on last both trading days.
Suprajit Engineering now for the first time has got into formation of the Higher high & Higher Low post the Rally from January 2022. This illustrates the positive undertone of the prices.
The consistent uptrend in all five days of last week after forming a bottom around 17,550 in the previous week raised confidence among market participants
Shares of Tata Steel were the top gainers on Sensex and Nifty amid a correction in the broader market for the second consecutive session today. In fact, the Tata Steel stock is trading at over six-month high after rising for five consecutive sessions. The stock has risen nearly 9% during the period. Tata Steel has come out of consolidation level and given a breakout, considering the current leg of rally today, said analysts.