he industry, already on a high-growth trajectory, is hoping for a shot in the arm from the government in the form of policy incentives and financial support.

With the interim budget of 2024 looming on the horizon, the spotlight is firmly fixed on infrastructure stocks.

Indian equity markets rose by 0.14 per cent on Wednesday, the Nifty 50 and BSE Sensex closed at 19,811 and 66,023 respectively. Mid-caps gained 0.15 per cent, while small-caps dipped 0.22 per cent. The 50 stocks were advancing against every 67 declining stocks on Wednesday.

The Q2FY24 performance of Indian Inc. presented a mixed picture, even though it leaned towards positive results.

The domestic equity markets have rallied for the third straight week. In the process, Nifty has erased five weeks of losses in just three weeks, which is just 60 per cent of the time (near Fibonacci number 61.8 per cent).

The NSE benchmark Nifty 50 is still directionless though it made a futile effort to break the budget day range.

Are you looking for a powerful stock to trade? Check out this article that discusses about the stock that broke out from a falling wedge pattern with volume spike of over 5800 per cent.

JK Paper (NSE Code: JKPAPER) is the leading paper producer of office papers, coated papers and packaging boards. The company has a robust distribution network and aims to reduce the turnaround time in servicing customers.

Nifty 50 opened flat with an upward bias on favourable global trends. In this post, we have highlighted the list of powerful stocks that are experiencing a strong positive breakout.

Despite several warnings about recession and further rate hikes, the Indian benchmark index has registered a fresh breakout during this week.

In the last financial year, the company reduced its debt from Rs 583 crore to Rs 315 crore; so, the net debt reduction is about Rs 268 crore. The debt-to-equity stands at 0.17x.   

Interestingly, the stock, in the first hour of the trading itself, has witnessed a huge surge in the volume as it managed to cross a volume of 25 lakh shares. 

The stock is trading above its important moving average of 20, 50 & 200-DMA. Moreover, these moving averages are in the desired sequence and all the moving averages are in a rising trajectory.

The breakout has been witnessed along with a huge spike in the volumes as the stock has registered highest single-day volume since August 30, 2021. Interestingly, the 14-period daily RSI has honoured the RSI super bullish range Shift rule.

Despite the fact that Nifty dropped about 250 points from the day’s high; there are a few stocks that appeared in the T20 breakout system. This is due to the reason that the broader market indices relatively outperformed the frontline gauge. 

The stock is trading up by nearly 3 per cent on Friday and with this, it has surpassed its prior 52-week high of Rs 117.40, which was registered in the previous trading session. On a WTD basis, the stock is up by nearly 9.50 per cent while on a YTD basis, it is up by a staggering 105 per cent.   

Post consolidating for 16 weeks in an ascending triangle chart pattern, BSE Limited on weekly charts gave breakout with increased volumes. Read on to find out more.

Want to check long-term trend action? Nothing better than looking for a Golden Crossover. In this article, we have listed the top Nifty 500 stocks with golden crossover.

One of the most widely used momentum indicators by market technicians is the Relative Strength Index (RSI). In this article, we have listed the top 10 Nifty 500 stocks having RSI in overbought and oversold zones.

For the past 24 weeks, Prince Pipes was in consolidation. Finally, it broke out from a multi-week consolidation. Read on to find out more.

Presently, Tata Steel Limited is trading near its critical support level which is also near its crucial Fibonacci level. Read on to find out more.

For the last 14 months, Gold has been consolidating southwards. It gave a breakout last week. So, is gold all set to further glitter? Let’s find out.

Since 2018 Mahindra and Mahindra Financial is consistently making a series of lower highs and lower lows. Presently it is trading near its three-year down trendline. Is it likely to give a breakout? Let’s find out.

Grasim Industries has formed a flag like chart pattern and also gave a breakout. Read on to find out more.

NMDC formed a Rounding bottom chart pattern on daily charts followed by a breakout and a pullback. So, is it likely to jump high from current levels? Let’s find out. 

Vaibhav Global rallied 11-fold since March 2020. However, lately, it is moving southwards. So, is it the right time to go short? Let’s find out.

Post giving a solid rally in the last one year, Astra Micro consolidated for almost 22 trading sessions. On October 28, 2021, it gave a breakout. Read on to find out more.

IDFC Ltd has been trading downward in a range-bound fashion for almost 13 years. So, is it all set for a multi-year breakout? Let’s find out.

TCS plunged by almost 14 per cent since mid-September. Presently, it is trading near its crucial support level. Is TCS strong enough to spring back from here? Let’s find out. 

Since May 2019, RBL Bank has been on a declining path. But after almost a year, it showed some signs of a trend reversal. Let’s find out.

Rail Vikas Nigam Ltd breaks out from channel post consolidating for almost nine months. Is it all set to zoom? Let’s find out.

Looks like the Federal Bank is all set to zoom as it gave a bullish pennant breakout, indicating trend continuation. Read on to find out more.

Since March 2020, Axis Bank notched almost 189 per cent. Having said that, it is presently forming a bullish pennant chart pattern. Read on to find out more.