Elgi Equipments Ltd. (CMP – ₹586 | Stop Loss – ₹540) witnessed a 6% surge today, accompanied by a modest increase in trading volume. The stock has shown a strong pattern of forming fresh bases and consistently breaking out of them—a behavior often associated with the beginning of Stage 2, widely recognized as one of the most powerful phases in a stock’s lifecycle.

Technical indicators are aligning with this bullish trend. Both MACD and RSI have turned positive, suggesting strengthening momentum. The stock is also comfortably trading above key moving averages, reinforcing its current uptrend.

Source: NSE


Elgi Equipments is a globally recognized manufacturer of air compressors, known for its innovative and energy-efficient compressed air systems. The company focuses on sustainable technologies that enhance productivity while keeping the total cost of ownership low, with a strong footprint in both domestic and international markets.

Mangalore Refinery And Petrochemicals Ltd. (CMP – ₹150 | Stop Loss – ₹137) surged over 4% today, driven by strong volume accumulation and renewed market interest. The stock has notably filled a recent gap-down, a key technical signal that often points to institutional buying activity.

If the volume continues to build, MRPL looks set for a further breakout. It is also nearing the formation of a Three White Soldiers candlestick pattern, one of the most reliable bullish reversal indicators signaling positive sentiment and potential upward movement in the coming sessions.

Source: NSE

MRPL, a subsidiary of ONGC, is engaged in the refining of crude oil and the production of petrochemical products. It also operates in the aviation fuel trading and retail petroleum distribution space. Originally founded as a joint venture between AV Birla Group and HPCL, MRPL now plays a strategic role in India’s energy sector.

Note: Charts and prices are as of 12 PM.

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