Technical Breakout Stocks: How to trade ABB India, Tata Investment Corporation and Olectra Greentech on Fr

Rallis India has given an excellent breakout of the W pattern on higher time frames with great volume. It is expected to retest its life high of Rs 362 in the near term. However, Rs 307 can act as a minor hurdle on the upside.

Stocks that were in focus include names like Sobha Ltd which was up more than 16% to hit a fresh record high, Torrent Power gained more than 7% and Tata Consumer Products closed with gains of over 3% to hit a fresh record high.

Sectorally, buying was seen in capital goods, metals, utilities and oil & gas while consumer durable stocks saw some selloff.

The S&P BSE Sensex fell over 100 points while the Nifty50 closed above the 22,450 level. Sectors like consumer durables, oil & gas, the public sector, and utilities, saw buying while IT, telecom and banks saw some selling pressure.

Indian markets closed higher on Friday, with the S&P BSE Sensex increasing over 400 points, and the Nifty50 closing above 18,800. Buying was seen in banks, capital goods, FMCG, and public sector stocks, while IT and realty stocks experienced selling. Three stocks, Data Patterns, Mazagon Dock Shipbuilding, and IDFC First Bank, either hit a 52-week high or saw a volume or price breakout. Data Patterns closed at an all-time high; Mazagon Dock Shipbuilding saw a Pole and Flag pattern breakout; and IDFC First Bank saw a rally above Rs 70.

Stocks that were in focus include names like Bharat Electronics, up over 2% to hit a fresh 52-week high, GE Power India gained more than 18%, and Tata Motors closed with gains of 2% to hit a fresh high on Monday.

Sectorally, buying was seen in realty, auto, healthcare, and utilities while FMCG, oil & gas, IT, and consumer durable stocks saw some selling pressure.

The S&P BSE Sensex rose over 200 points while the Nifty50 closed above 21,800 level. Sectorally, buying was seen in oil & gas, public sector, energy and metal stocks while selling was seen in IT and healthcare stocks.

The stock made a double bottom around its lower level and surged once again to close above 20-odd marks. Currently, the stock is in an uptrend and can face minor resistance of the previous higher level of 20.80; once the level is taken out, we can see 26-32 odd levels.

The S&P BSE Sensex rose more than 300 points to close above the 73000 mark while the Nifty50 failed to hold above 22,200 level. Sectorally, buying was seen in realty, consumer durables, capital goods, and IT stocks while oil & gas, energy, public sector and utilities saw some selling pressure.