In SBI, there was a strong breakout of downward sloping resistance trendline adjoining multiple touchpoints on the weekly charts, with healthy volumes, indicating positive bias in the stock.
Praj Industries formed bullish candlestick pattern with upper and lower shadows on the daily charts, with above average volumes. The stock traded above all key moving averages, with higher highs, higher lows formation.
ICICI Direct is bullish on Graphite India recommended buy rating on the stock with a target price of Rs 440 in its research report dated June 06, 2023.
Nykaa climbed 7.6 percent to Rs 135.75 and formed strong bullish candlestick pattern on the daily scale with healthy volumes. It has seen a strong breakout of month-long consolidation and closed at two-month high.