Usha Martin Ltd. (CMP: ₹378 | Stop Loss: ₹347) gained 2% today, breaking out of a cup-and-handle pattern, a bullish formation often seen before sustained up-moves. The technical setup is supported by a 10 & 21 day EMA crossover, adding strength to the breakout.

Source: Share.Market

Momentum indicators align with this view, the MACD line has crossed above the signal line, while the RSI continues its upward trajectory, both pointing towards bullish sentiment. However, volumes have also been rising steadily.

ACME Solar Holdings Ltd. (CMP: ₹290 | Stop Loss: ₹266) is extending its uptrend with a breakout from an inverse head-and-shoulders pattern, a structure that typically indicates a shift from bearish to bullish momentum.

Source: Share.Market

Technically, the stock has completed the breakout setup, but conviction remains muted as volumes have not yet supported the move. Both MACD and RSI trends remain constructive, suggesting momentum is building.

For now, traders may treat this as a watchlist candidate until volumes confirm strength. A sustained pickup in activity would reinforce the breakout and potentially open room for further upside.

Note: Charts and prices are as of 11:30 AM.

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

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