Overnight Digest: These trending stocks should be watched on Wednesday, November 17!

The markets traded weak on Tuesday with some of the heavyweight index constituents like RIL slipping by more than 3 per cent.

Following trending stocks will be in focus on Wednesday, November 17:

Price Volume Breakout: The shares of TV Today, Greaves Cotton, Thermax, SpiceJet, Va Tech Wabag, NHPC, Sterlite Technology and Finolex cables were seen trading higher with a price volume breakout on Tuesday. These BSE 500 index constituents will be in focus on Wednesday.

Auto stocks: The auto stocks were seen rallying in Tuesday trading session. The shares of Tata Motors, Maruti Suzuki, Hero Motors, Escorts and Motherson Sumi outperformed on Tuesday. These auto stocks will in focus on Wednesday.

White Marubozu candlestick: The shares of Poonawalla Fincorp, Biocon and Solar Industries were seen gaining on Tuesday. The stock prices of these trending stocks close at their day’s high indicating buying momentum.  These trending stocks will be in focus on Wednesday.

Bullish Engulfing Pattern: The shares of Mercury Laboratories, Hindustan Bio Sciences, ASL Industries, Archies, Singer India and Deep Polymers are some of the trending stocks that saw a bullish engulfing candlestick like chart pattern formed on Tuesday. These trending stocks will be closely watched on Wednesday, November 17.

JBM Auto: The shares of JBM auto were seen making a fresh 52 week high in Tuesday trading session. A long green candle was formed on Tuesday with the share price closing near to its day’s high, indicating bullish sentiment in the counter. The rising RSI and price volume breakout indicate that the bulls will be closely watching JBM Auto in Wednesday trading session.