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UltraTech's consolidation was characterized by a lower high pattern on a weekly basis and despite which the stock managed to remain well above its 200-DEMA on the daily timeframe, said SMC Global.
Chandan Taparia has recommended three stocks to buy today, May 27. According to him, these stocks are technically placed to see a decent upmove. These three stocks to buy today include, HPCL, Axis Bank and PFC.
Stocks to buy: Rupak De, Senior Technical Analyst at LKP Securities, suggests TVS Motor, PFC and Titan to buy next week.
An analyst from StoxBx said that The pattern analysis of Adani Enterprises on the daily timeframe shows a stronger pullback rally from the support of the 200-day MA.
An analyst from YES Securities said that ITC experienced a gradual decline as it appears to be bottoming out and consolidating as indicated by the historical chart patterns on the daily chart.