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Wayfinder

Wayfinder (PROMPT.X) is surging in popularity, with community members actively discussing potential breakouts and price targets. Bullish sentiment is fueled by anticipation of a 'next leg up,' with some suggesting accumulation on dips. Concerns exist around short positions and whether a true reversal is underway.

Summit Therapeutics, Inc. is a biopharmaceutical company, that focuses on the discovery, development, and commercialization of patient, physician, caregiver, and societal-friendly medicinal therapies intended to improve quality of life, increase potential duration of life, and resolve serious unmet medical needs. The firm conducts clinical programs focusing on Clostridioides Difficile Infection (CDI). Its lead product, Ridinilazole, is an orally administered small molecule antibiotic that is in Phase III clinical trials for the treatment of CDI. The company was founded in 2003 and is headquartered in Miami, FL.

Summit Therapeutics Inc

Summit Therapeutics is trending amid speculation of a potential $15 billion licensing deal with AstraZeneca, fueling optimism around its lung cancer drug ivonescimab. Community members are actively discussing the potential deal's impact and the possibility of a short squeeze, while analysts highlight the drug's potential to challenge Keytruda in the broader oncology market.

$4CHAN is a meme token on the Ethereum Network.   4ChanToken represents a global crypto community that pays homage to the memetic powerhouses of the internet as Pepe, Doge, Shib and all major memes inventor combining them all into one super meme token that is $4CHAN. At its core, 4ChanToken embodies the untamed spirit of the notorious 4chan imageboard, where iconic memes are born, nurtured, and unleashed upon the world. With an unyielding spirit of irreverence and a touch of mischief, $4CHAN has emerged as the darling of meme enthusiasts, internet dwellers, and crypto aficionados alike.   The foundation of 4ChanToken lies in its community. We’ve harnessed the chaotic energy of this digital realm to create a currency that celebrates the power of memetic expression, empowering users to engage in a truly unique and decentralized economy. As a passionate supporter, you’ll join a vibrant ecosystem where dank memes and viral sensations are the lifeblood of commerce. 4ChanToken is more than just a digital currency – it’s the place where memes are born.  The ultimate playground for memelords and crypto degens. Based on the simplicity of holdrs/volume operating a store of value.  The identification of this value is best described as 'digital gold'. That $4chan can ultimately represent a superior store of value relative to all other forms of memecoins by embodying all memes in one token as the factual birthplace of all popular memes.

4Chan

4CHAN.X is trending as community members rally behind the "Bitcoin of Memecoins", emphasizing its potential for high returns due to its scarcity. Community members are actively discussing strategies to "erase" zeroes, highlighting a bullish outlook and encouraging others to HODL. There's also some excitement about a potential lawsuit that could bring more attention to the token.

This platform is engineered to unlock the full potential of Real-World Assets (RWAs) by bringing them onto the XRP Ledger with unparalleled efficiency. Our purpose is to democratize access to high-value assets by providing a streamlined, end-to-end solution for tokenization. Functionally, we offer tools for asset verification, compliant legal wrapping, and the minting of RWA tokens. The project's core utility is twofold: for asset owners, it unlocks immediate liquidity and access to global capital markets; for investors, it offers fractional, transparent, and liquid access to investment classes like private equity and infrastructure bonds. We leverage the XRPL's native speed and built-in DEX to ensure low-cost transactions and instant settlement, setting a new standard for RWA interoperability and finance.

VOLT

VOLT ($XVM.X) is trending as community members discuss its potential for integrating with real-world assets (RWA) and its possible integration with XRP. Recent price dips are being viewed as buying opportunities, with many expressing excitement about the project's future and accessibility through Phantom Wallet. The conversation highlights early-stage excitement and speculation about significant future gains.

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$DOG is trending as community members rally behind this Bitcoin memecoin, touting its fair launch and strong community as key differentiators. Some believe that $DOG could flip DOGE, with many citing its decentralization as a major advantage. The community is actively coordinating buys and sharing information on how to acquire the token.

Concordium is a public, permissionless Layer 1 blockchain designed for businesses that require regulatory compliance without sacrificing privacy. Concordium was among the first to mandate identity verification at the blockchain consensus level while integrating zero-knowledge proofs (ZKPs) for selective disclosure. Launched in 2018, it embeds encrypted identity into every transaction at the protocol level, enabling accountability while preserving user confidentiality.  The project is backed by industry leaders from Volvo, IKEA, and Credit Suisse, among others, and aims to make blockchain adoption seamless for enterprises. Concordium has secured €52M in funding and partnered with Geely, a global automaker and co-owner of Volvo Cars, Volvo AB, and Daimler.  The newly appointed CEO and Executive Management team have revealed a focused strategic direction to double down on enabling stablecoin issuers, financial institutions, and payment providers to accelerate real-world adoption. With stablecoin settlement volumes projected to reach $300 billion per day by 2025, Concordium delivers a blockchain infrastructure uniquely suited for secure, programmable money solutions.

Concordium

Concordium ($CCD.X) is trending as users discuss its potential, particularly its focus on PayFi and stablecoins. Some community members are pointing to a new turnaround team and potential exchange listings as catalysts, while others highlight partnerships and the project's technology as reasons for optimism. There's a general sentiment that $CCD.X is undervalued and poised for growth.

Dog (Bitcoin) is a fully decentralized memecoin on the Bitcoin blockchain, backed by a community dedicated to onboarding millions of people to Bitcoin.  Dog is secured by the Bitcoin blockchain and exists on Bitcoin L1, marking a significant innovation compared to Bitcoin with just BTC. Dog is a Bitcoin Runes token with a minimal on-chain footprint, native to Bitcoin, and stored in UTXOs, just like Bitcoin.   What is the project about?  Dog does not do any paid promotion and is fully decentralized just like Bitcoin. Every influencer who chooses to post about Dog either received the airdrop or bought on secondary. Dog leverages the CC0 license to ensure that Dog is not owned by any single entity but rather by everyone. This had lead to the "DOG Army" independently creating art, apps, lotteries, plushies, websites, podcast, magazines, X account, IRL meetups, clothing lines, PFP collections, Telegram groups, and TikTok/Instagram about Dog.  What makes your project unique?  Dog was airdropped in the fairest memecoin launch ever. In early 2024, the Bitcoin Ordinals ecosystem came together in a full volunteer initiative that rewarded early adopters of the Ordinals Protocol. There was no team allocation, and 100% of the supply was airdropped for free. The airdrop algorithm favored neither whales nor influencers; it was determined by the community and made open-source for maximum transparency.

Dog (Bitcoin)

$DOG.X (Dog, built on Bitcoin via Runes) is trending as the community rallies around its fair launch and potential to be a leading meme coin on the Bitcoin blockchain. Discussions highlight its strong community, the increasing number of holders, and its Bitcoin-native design, contrasting it with meme coins on other chains. Some community members believe it has the potential to surpass Dogecoin.

K9 Finance, a Shibarium-based LSD platform, offers core DeFi services and acts as an official validator. Rewarding $KNINE holders with $BONE for block validation, it aims to drive DeFi adoption via the 'Roundtable of Dogs' DAO, which governs treasury and roadmap decisions.

K9 Finance DAO

K9 Finance DAO is trending as the community focuses on the project's role as a liquid staking provider for $BONE on the Shibarium network, with discussions around yield farming opportunities and the upcoming K9 Quest airdrop. Community members highlight the benefits of staking $BONE to receive $knBONE, which can then be used in DeFi applications, while others are focused on governance and DAO participation. K9 Finance aims to enhance DeFi adoption within the Shibarium ecosystem.

BrokeCoin is a meme-meets-utility cryptocurrency project operating under the ethos of Transparency, Community, and Respect. Formally registered as an LLC in Wyoming, USA, BrokeCoin is building an expansive ecosystem that combines light-hearted spirit of meme culture with real-world crypto utilities—spanning gaming, staking, NFTs, web services, and an e-commerce platform. Brokecoin believes in developing useful and interesting meme-inspired utilities to both service the crypto industry, and generate value for holders.

Brokecoin

Brokecoin is trending with its community rallying around upcoming staking features and ongoing development efforts. The community is actively promoting the coin's strong performance relative to other cryptos and highlighting its engaged developer. Many are also excited about a planned token burn event.

CLV is a one-stop infrastructure platform for cross-chain and decentralized applications. The CLV chain is a Substrate-based specialized Layer-1 chain that is EVM compatible, cross-chain interoperable, and also functions as a Parachain in the Polkadot ecosystem. CLV wallet is a cross-chain all-in-one wallet, for Day-to-Day, DeFi, Metaverse and Gaming purposes. With multi-dimensional products lineup, including CLV Multi-Chain Wallets, CLV dApp Interaction Protocol, CLV Chain EVM and Universal Cross-Chain Support, CLV uniquely positioned itself as “Passport to the Omniverse.”

Clover 

Clover (CLV.X) is trending as the community anticipates a potential breakout, fueled by observations of consolidation patterns and historical cycles. Many believe a pump is imminent, drawing comparisons to previous rallies and highlighting the token's 'primed' state. However, some traders caution about potential scams and pump-and-dump schemes.

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Apollo Microsystems’ stock gained as much as 3.9% on Thursday after the company bagged defense orders worth ₹25.12 crores.According to a press release dated August 21, <a href="https://stocktwits.com/symbol/APOLLO.NSE">Apollo Microsystems</a> was declared the lowest bidder for orders from the Defence Research and Development Organisation (DRDO) and other defence public sector undertakings.Additional details of the order were not mentioned in the press release.Defense Stocks Gain MomentumIndia’s defense stocks have seen strong gains this year due to the Indian government’s increased spending in the sector. India’s annual defense production reached a record high of ₹1,50,590 crore in FY 2024-25, while exports also increased to a record ₹23,622 crore during the same period.Earlier this month, the Defence Acquisition Council (DAC) approved capital acquisition proposals worth around ₹67,000 crore to bolster the operational capabilities of the Indian Armed Forces, including the Army, Navy, and Air Force.HAL confirmed receiving a defense order worth ₹62,000 crore from the Indian government after the Cabinet Committee on Security cleared an order to purchase 97 light combat aircraft (LCA Mk-1A).The Nifty India Defense Index has gained 18.5% so far this year.Q1 Earnings SurgeThe electronic components manufacturer posted robust Q1FY26 financial numbers last month, with profit after tax more than doubling to ₹19.43 crore, while revenue from operations surged 46% to ₹133.58 crore.In May, the company completed an all-cash acquisition of IDL Explosives for ₹107 crore. IDL Explosives manufactures and supplies packaged and bulk explosives for mining and infrastructure projects.Apollo Microsystems develops indigenous solutions, such as vehicle-mounted counter-swarm drone systems (VMCSDS), for the Indian Army, along with customized commercial off-the-shelf (COTS) systems for defense, railways, space, and homeland security.Overall, the stock has gained over 76% this year.For updates and corrections, email newsroom[at]stocktwits[dot]com

Defense Push: Apollo Microsystems Rises On ₹25 Crore Order Win

Apollo Microsystems stock has gained over 76% year-to-date, supported by strong Q1 results and broader defense sector momentum.

Apollo Microsystems Rises On ₹25 Crore Order Win

Equity

The stock has gained over 76% year-to-date, supported by strong Q1 results and broader defense sector momentum.

Shares of Hindustan Aeronautics (HAL) rose over 3% on Wednesday on reports of receiving a defense order worth ₹62,000 crore from the Indian government.According to multiple reports, India’s Cabinet Committee on Security has cleared a ₹62,000 crore order to purchase 97 light combat aircraft (LCA Mk-1A) from HAL to boost the capabilities of the Indian Air Force.This follows orders worth ₹48,000 crore for 83 Mk-1A fighters in February 2021. However, none of the fighters has been delivered yet, according to reports. The IAF could get the delivery of the first of the 83 jets in October.The LCA Mk-1As will take over from the IAF’s retiring MiG-21s, with the last of the iconic jets set to be phased out in September, ending a 62-year legacy.HAL’s Bengaluru facility can produce 16 Mk-1A jets annually, and with the addition of the Nashik manufacturing line, total production capacity is expected to increase to 24 jets per year.Stock Watch<a href="https://stocktwits.com/symbol/HAL.NSE">HAL</a> has been a hot stock this year, gaining nearly 35% over the past six months.At the time of writing, HAL had shed some of its early gains and was trading 1.8% higher at ₹4,533.40.On Stocktwits, HAL was among the top 10 trending stocks on Wednesday. However, retail sentiment remained ‘bearish’ over the past week. It was ‘bullish’ earlier.<figure class="image"><img style="aspect-ratio:852/82;" src="https://news.stocktwits-cdn.com/HAL_png_319de570a6.webp" alt="HAL.png" width="852" height="82"><figcaption>HAL's Sentiment Meter and Message Volumes on August 20 | Source: Stocktwits</figcaption></figure>Brokerage firm UBS has maintained a ‘Neutral’ rating on HAL, with a target price of ₹4,900, indicating a 10% upside potential.&nbsp;Defense Stocks See Strong Gains This YearIndia’s defense stocks have been in the spotlight lately. India’s annual defense production reached a record high of ₹1,50,590 crore in FY 2024-25, marking an 18% jump from the previous year, while exports also increased to a record ₹23,622 crore in FY 2024-25, up 12.04%.Earlier this month, the Defence Acquisition Council (DAC) approved capital acquisition proposals worth around ₹67,000 crore to bolster the operational capabilities of the Indian Armed Forces, including the Army, Navy, and Air Force.Overall, defense firms have seen strong gains in 2025, with the Nifty India Defense Index rallying nearly 20%.&nbsp;For updates and corrections, email newsroom[at]stocktwits[dot]com

 In this photo illustration, the Hindustan Aeronautics company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)

HAL Rises Over 3% After Government Clears ₹62,000 Crore Fighter Jet Deal 

India’s Cabinet Committee on Security has cleared a ₹62,000 crore order to purchase 97 LCA Mk-1As from HAL

HAL Rises Over 3% After Government Clears ₹62,000 Crore Fighter Jet Deal

India and China are preparing to open a new chapter in trade relations during Prime Minister Narendra Modi’s visit to Beijing for the Shanghai Cooperation Organisation (SCO) summit from August 31 to September 1.An Economic Times report suggests that discussions on a potential trade package covering critical rare earth magnets, fertilizers, and pharmaceuticals are likely. Currently, supplies of rare earth magnets and certain fertilizers from China to India are suspended.It will be Modi’s first visit to China in seven years.US Tariffs Drive Asian Powerhouses CloserThe talks gain importance in light of the 50% tariff Trump has imposed on Indian exports, while granting China a temporary 90-day tariff reprieve. The move could signal a tentative thaw in bilateral relations, even as tensions with the US escalate and Indian industry pushes for faster imports of essential inputs from China.Modi’s visit to China and his talks with Russian President Vladimir Putin during his India visit should potentially signal any realignment in Asia’s trade corridors.Key Commodities: Potential Trade Resumption?India imports nearly 90% of its rare earth magnets from China.&nbsp;On April 4, China announced export controls on a broad range of rare earths and related magnets as a response to US President Donald Trump’s broader tariffs on goods. The decision disrupted global supply chains vital to automakers, aerospace firms, semiconductor makers, and military contractors.&nbsp;While China has now resumed shipments to the US, Europe, and Southeast Asia, Indian suppliers have yet to receive export licences. This is primarily because India currently requires government clearance for investments from neighbouring countries, a policy aimed largely at China, following years of border tensions and its close ties with Pakistan.China halted urea and other shipments to India over the past three months but has recently begun easing restrictions on urea. State trading enterprises have started floating tenders for limited imports. However, specialty fertilisers such as calcium nitrate and mono ammonium phosphate, 80% of which India sources from China, remain restricted, the report said.Pharmaceutical trade is another concern, as both countries look to overcome the bottlenecks caused by Trump’s proposed 250% tariff on finished drugs over the next 18 months. The Indian commerce ministry has called a pre-SCO meeting with top pharmaceutical representatives to explore deeper cooperation with China and strategies to offset the impact of US tariffs.According to a Bloomberg report, both countries are looking to restart trade via designated points on their shared border, and the matter is currently under bilateral discussion.China’s Ministry of Foreign Affairs said that Beijing is “willing to step up communication and coordination with India” on the matter, as a response to a query from Bloomberg News.According to India’s Ministry of Commerce and Industry, the country exported goods worth ₹14.25 billion to China in FY24-25, while its imports of Chinese goods stood at ₹113.46 billion.For updates and corrections, email newsroom[at]stocktwits[dot]com.&nbsp;

A farmer is spraying fertilizers in a paddy field in Nagaon District, Assam, India, on March 8, 2024. (Photo by Anuwar Hazarika/NurPhoto via Getty Images)

India, China Are Reportedly Poised For A Trade Reset On Rare Earths, Fertilizers, Pharma Amid US Tariff Strain

Indian Prime Minister Narendra Modi will visit China for the SCO summit from August 31 to September 1, his first in seven years

All eyes are on Hindustan Aeronautics (HAL) June quarter (Q1 FY26) earnings due later in the day. The defense PSU is likely to post a quarterly net profit of ₹1,204.9 crore and revenue of ₹4,996.1 crore, according to Bloomberg estimates. Its margin is expected to be 22.45%.<a href="https://stocktwits.com/symbol/HAL.NSE">HAL stock</a> opened marginally higher on Tuesday, before quickly turning red, as investors tread with caution.&nbsp;Technical CuesThe stock is trading comfortably above its breakout retest level of ₹4,200, noted SEBI-registered <a href="https://stocktwits.com/billiondreamz">analyst Rohit Mehta</a>.<stembedurl>https://stocktwits.com/billiondreamz/message/624554924</stembedurl>The stock recently broke a long-term downtrend, retested the breakout, and is now consolidating above the ₹3,850 - ₹4,050 support zone, a structure that keeps short-term bias constructive.A decisive move above ₹4,500 could set the stage for further upside, Mehta said.Fundamental WatchIts fundamentals remain strong. The company is debt-free, reported a robust 24.5% profit CAGR over the past five years, a 27.3% average ROE, and a healthy 31.4% dividend payout ratio, the analyst said.However, valuations are rich at 8.49 times book value, sales growth has been modest at 7.63% over five years, and working capital days have risen significantly.In terms of ownership, promoter holding remained steady at 71.64% between March and June 2025. FIIs trimmed their stake from 12.08% to 11.90%, while DIIs increased holdings from 8.26% to 8.67%, he added.HAL’s Q4FY25 sales declined 7.24% YoY but jumped 96.92% sequentially. Operating profit fell 10.27% YoY yet surged over 214% QoQ, the analyst noted.Indian defense companies have been in the news lately for all the right reasons. On Monday, the stocks rallied after the government&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/defence-stocks-hal-bdl-beml-paras-rally-on-record-production/chruFrdRdIc">announced</a> record defense production of ₹1,50,590 crore for FY24-25.&nbsp;What Is The Retail Mood?Hindustan Aeronautics is currently a top 10 trending stock on Stocktwits. Amid ‘high’ chatter on the platform, retail sentiment has remained ‘bullish’. It was ‘neutral’ a week earlier.<figure class="image"><img style="aspect-ratio:858/90;" src="https://news.stocktwits-cdn.com/HAL_png_810f649bb3.webp" alt="HAL.png" width="858" height="90"><figcaption>HAL's Sentiment Meter and Message Volumes at 10:01 a.m. IST on August 12 | Source: Stocktwits</figcaption></figure>Year-to-date, the defense PSU has gained 6.8%.For updates and corrections, email newsroom[at]stocktwits[dot]com.

HAL Q1 Preview: SEBI RA Sees Upside Potential Above ₹4,500 If Results Impress

HAL is likely to post a quarterly net profit of ₹1,204.9 crore and revenue of ₹4,996.1 crore, according to Bloomberg estimates

India’s defense stocks have once again come into the spotlight after the Defence Acquisition Council (DAC) approved capital acquisition proposals worth around ₹67,000 crore to bolster the operational capabilities of the Indian Armed Forces, including the Army, Navy, and Air Force.On Tuesday, the DAC, chaired by Defense Minister Rajnath Singh, approved defense proposals worth ₹67,000 crore, an <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.pib.gov.in/PressReleasePage.aspx?PRID=2152742">official press release</a> stated.₹67,000 Crore Defense ProposalKey approvals include night-vision equipment for the Army’s BMP vehicles, compact autonomous surface craft for anti-submarine warfare, BrahMos fire control systems, and BARAK-1 missile system upgrade for the Navy, while the Air Force will acquire mountain radars and upgrade the SPYDER system.Additionally, all three services will receive MALE drones for long-range surveillance and combat missions. Approvals also cover maintenance of C-17, C-130J aircraft, and the S-400 air defense system.SEBI-registered <a href="https://stocktwits.com/Adarsh_SEBI_RIA">investment advisor Adarsh Nimborkar</a> broke down the details of the investment and which firms stand to benefit from it.<stembedurl>https://stocktwits.com/Adarsh_SEBI_RIA/message/623895060</stembedurl>The Indian Air Force will strengthen its high-altitude surveillance capabilities with the procurement of Mountain Radars for deployment along the northern borders, Nimborkar said.Across the tri-services, the approval to procure Medium Altitude Long Endurance (MALE) armed drones marks a major step, with over 60% indigenous content supporting the Make in India drive, he added.The clearance of over 110 air-launched BrahMos missiles and 87 armed drones will boost India’s long-range precision strike capabilities.Defence Stocks To Benefit From ‘Make In India’ InitiativeIndia’s latest defence acquisition push is expected to provide a strong boost to domestic defence manufacturers. Key contracts are likely to be awarded to domestic firms such as HAL, BEL, Bharat Dynamics, Adani Defence, and Solar Defence, according to Nimborkar.With key orders in areas like drones, missile systems, and radar technology, several defense PSUs are well-positioned to benefit.Hindustan Aeronautics (HAL) Hindustan Aeronautics is likely to gain from increased activity in drone production, aircraft maintenance, and radar systems.Technically, the stock is approaching a major breakout level at ₹4,640. A sustained close above this could set the stage for a rally toward ₹4,850 - ₹4,980, he added.<a href="https://stocktwits.com/symbol/HAL.NSE">HAL shares</a> pared early gains and were trading nearly 1% lower at ₹4,531.50. Its year-to-date gains are at 8.4%.Retail sentiment for HAL on Stocktwits shifted to ‘bullish’ from ‘neutral’ a day earlier. HAL was also among the top 10 trending stocks on the platform.Bharat Electronics (BEL) Bharat Electronics stands to benefit from contracts involving radar systems, missile electronics, and system integration. The key breakout level to watch is ₹392, with upside potential toward ₹410 - ₹430 once breached.<a href="https://stocktwits.com/symbol/BEL.NSE">BEL shares</a> were trading marginally higher at ₹388.65, having gained 32.7% YTD.Retail sentiment for BEL on Stocktwits remained ‘bearish’. It was ‘neutral’ a week ago.Bharat Dynamics (BDL)Bharat Dynamics is expected to receive orders for BrahMos and other missile-related systems. The stock could see a breakout beyond ₹1,645, with potential to reach the ₹1,700 - ₹1,760 range in the near term.<a href="https://stocktwits.com/symbol/BDL.NSE">BDL shares</a> also pared early session gains to trade marginally lower at ₹1,582.8. The stock has surged over 40% YTD.Retail sentiment for BDL turned ‘bullish’ from ‘neutral’ a day earlier.Defense: Sector OutlookDefense firms have seen strong gains in 2025, with the Nifty India Defense Index rallying over 21%.&nbsp;The sector, especially PSUs, is once again poised for momentum in the coming sessions. As order inflows begin reflecting in quarterly earnings and order books, institutional interest may rise, Nimobrokar said.He concluded that for both momentum traders and long-term investors, technical breakout confirmations will be key entry signals.For updates and corrections, email newsroom[at]stocktwits[dot]com

HAL, BEL, BDL Poised For Gains As DAC Clears Mega Defense Spend, Says SEBI RIA Adarsh Nimborkar

India's latest ₹67,000 crore defense spending strengthens the case for PSU stocks. The analyst sees breakout potential in these three stocks. 

The Nifty India Defense Index has consolidated and is heading towards a bearish phase, after a sustained period of rally.According to SEBI-registered analyst <a href="https://stocktwits.com/Rajneesh_Sharma_Official">Rajneesh Sharma</a>, the defense index has moved within a tight range and developed a notable bearish relative strength index (RSI) divergence after failing to break out above 9,150 over the past three weeks.The analyst noted that while the index continued to make similar highs, the RSI registered lower highs, signaling weakening momentum.<stembedurl>https://stocktwits.com/Rajneesh_Sharma_Official/message/619051261</stembedurl>The <a href="https://stocktwits.com/symbol/NIFTYINDDEFENCE.NSE">Nifty Defense index</a> was already showing <a href="https://stocktwits.com/news-articles/markets/equity/nifty-defence-index-nears-key-resistance-as-overbought-signals-emerge-sebi-ra-rajneesh-sharma/chku3fJRbwQ">signs of exhaustion</a>, as evidenced by shrinking candle sizes and heavy supply, when last viewed on June 4. Since then, its rally has faded, and it has entered a narrow sideways consolidation phase. The RSI fell sharply from above 78 to around 54.Sharma said that the index has repeatedly failed to break above the upper channel resistance, with the 9,000+ zone acting as a psychological barrier where profit booking continues to occur. The absence of any significant volume spike further confirms the ongoing consolidation and lack of bullish conviction.While the index remains rangebound between 8,400 and 9,150, a breakdown below the support level could lead to sharper declines, and the risk-reward setup remains poor, Sharma cautioned. Only a strong breakout above 9,150 would revive the uptrend.The Nifty Defense Index appears to have entered a distribution phase. With momentum broken and leadership fading, it's wiser to look for cleaner setups elsewhere, he concluded.The index has gained nearly 36% year-to-date (YTD).For updates and corrections, email newsroom[at]stocktwits[dot]com.

Nifty Defense Index Stalls Below 9,150: SEBI RA Rajneesh Sharma Advises Caution Amid Bearish Signals

The technicals show waning momentum, and the analyst said that a breakdown below 8,400 could trigger a sharp correction. 

The Nifty India Defence Index has rallied to the upper end of its rising channel near the psychological 9,000 mark, with resistance around 9,150 emerging as a key pressure point, according to SEBI-registered analyst&nbsp;<a href="https://stocktwits.com/Rajneesh_Sharma_Official">Rajneesh Sharma</a>.<stembedurl>https://stocktwits.com/Rajneesh_Sharma_Official/message/616727654</stembedurl>At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/NIFTYINDDEFENCE.NSE">Nifty India Defence Index</a> was trading at 8,823.10, up 30 points or 0.3% on the day.Sharma indicated that while momentum remains intact, technical signals suggest caution.&nbsp;The RSI, currently near 78.8, reflects an overbought zone, and recent price candles have been short-bodied—factors often associated with rally exhaustion.&nbsp;He also noted a continued bearish RSI divergence, where momentum fails to confirm new highs in price action.Sharma added that if rejection patterns appear near current levels, a pullback toward the 8,400–8,500 zone, aligned with the channel’s midline, could follow.&nbsp;Until then, he suggested trend followers remain watchful, emphasizing that caution is warranted without being prematurely bearish.On Stocktwits, retail sentiment was ‘extremely bullish’ amid ‘extremely low’ message volume.The stock has risen 38.3% so far in 2025.For updates and corrections, email newsroom[at]stocktwits[dot]com.

Nifty Defence Index Nears Key Resistance As Overbought Signals Emerge: SEBI RA Rajneesh Sharma

The analyst pointed out that RSI divergence and short-bodied candles suggest caution.

Current Price	7,518.65
Prev Close	7,545.25
Open	7,555.25
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