Dont miss action in these 3 trending stocks on Thursday, December 9!

The market climbed the wall of worry in style and managed to close higher by more than 1000 points on Wednesday.

The broader markets once again were seen underperforming the markets on Wednesday.

Following three trending stocks should be on investors watchlist on Thursday:

Tata Motors: The shares of Tata Motors gained by more than 2 per cent on Wednesday. The shares after a steady gain managed to close above its near term moving averages of 9D SMA and 20D SMA. Such positive closing indicates that the stock may attract some buyers. The rising RSI along with price volume breakout may attract momentum investors and traders in Tata Motors.  

SBI: The shares of SBI managed to give a positive closing and more importantly managed to close at the day’s high. A white marubozu candlestick chart pattern was formed in the shares of SBI indicating strong buying interest in the counter. SBI shares managed to close above the 9D SMA and 20D SMA on Wednesday further indicating bullishness in the counter.

Shivalik Rasayan: A price volume breakout was seen in the shares of Shivalik Rasayan on Wednesday. The shares of Shivalik Rasayan jumped higher by more than 9 per cent on Wednesday with a spurt in volume of more than 8.75 times on Wednesday. Shivalik Rasayan gained traction as the company announced that it has received approval to get listed on NSE. Approval from the NSE suggests that the shares can now be bought and sold on NSE starting December 9. Shivalik Rasayan is indicating bullish technical and will be on radar of momentum investors and traders.