New India Assurance Company has seen a decisive breakout of long downward sloping resistance trendline on the weekly charts and surpassed previous swing high of February 15, 2021.
In the past one month, the stock of this defence and aerospace electronics solutions provider has declined 1.6 percent, as against 2 percent dip in the Sensex benchmark
Data Patterns India continued to consolidate since the mid of September and formed Doji candlestick pattern on the daily scale, but tested 50-day EMA (Rs 2,113) and went closer to falling resistance trendline during the day. The stock rose 0.85 percent to Rs 2,099 on the NSE
NCC has seen a breakout of nearly a month-long consolidation and formed strong bullish candlestick pattern on the daily scale with robust volumes. In fact, the trading volume was highest since January 2 this year.
ICICI Direct is bullish on Data Patterns (India) recommended buy rating on the stock with a target price of Rs 1555 in its research report dated November 01, 2022.