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Aditya Birla Fashion & Retail has seen a nice breakout of consolidation and maintained upward sloping support trendline. The stock formed strong bullish candlestick pattern on the daily charts with healthy volumes.
On the upside, 21,500 will be an immediate hurdle for the Nifty 50, while 20-DMA round 21,700 will remain a key challenge.
Sun Pharmaceutical Industries formed strong bullish candlestick pattern on the daily timeframe with healthy volumes, despite sharp market correction. The stock traded above all key moving averages.
In 2018, ZEE share was trading near Rs 600 and today after 6 years it is trading at Rs 160, so even long-term investors did not make money in this stock, which makes Amit Jain feel empathic for their pain.
The Adani group of stocks are interesting because a year back they went down on negative news, says Rohit Srivastava.