Bullish Signals: SEBI RAs See Breakout Potential In These Three Small-Cap Stocks

SEBI-registered analysts are bullish on select small-cap names as technical charts flash strong reversal signals. HBL Engineering and Indian Hume Pipe have both formed an inverse head-and-shoulders pattern, often seen as a bullish indicator, while CreditAccess Grameen is approaching a critical breakout zone.

Let’s take a look at the analyst recommendations: 

HBL Engineering 

HBL shares have rallied 7% in the last one week. SEBI-registered analyst Palak Jain noted that HBL Engineering is trading below the identified breakout level of ₹638. The charts indicate that it has formed an inverse head and shoulders pattern, a potential indicator of a trend reversal from bearish to bullish. This is also supported by a surge in volumes, indicating possible upside gains. 

Jain set immediate targets at ₹657, ₹676, and ₹701, with a stop loss at ₹570 to limit potential losses.

Data on Stocktwits shows that retail sentiment is ‘bullish’ on this counter amid 'extremely high' message volumes.

Indian Hume Pipe Company

Jain also flagged a buying opportunity in Indian Hume Pipe, which has rallied 10% in the last month. 

Technical charts indicate that the Indian Hume stock has formed an inverse head and shoulders pattern, suggesting a potential bullish reversal. It is accompanied by strong volumes, which indicate increased buying interest and confirm breakout potential.

Jain also noted that the stock has formed a bullish trend line with higher highs and higher lows, indicating an upward trend. She sees strong support at ₹420 level, with a breakout above ₹470 leading to gains. 

She suggested buying the stock for a target price of ₹510-₹525, with a stop loss at ₹420, to manage risk.

Data on Stocktwits shows that retail sentiment is ‘neutral’ on this counter.

Credit Access Grameen

Credit Access shares have rallied 13% in the last one month. Analyst Sunil Kotak sees a strong supply zone between ₹1,330 and ₹1,360. He added that the stock is likely to break out above ₹1,360. On the downside, he pegged support around ₹1,260-₹1,290.

Data on Stocktwits shows that retail sentiment is ‘bullish’ on this counter amid ‘high’ message volumes.

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