HBL Engineering Ltd. (CMP: ₹786, Stop Loss: ₹723) rose 2% today, inching closer to its 52-week high. The stock is trading firmly above its 10-day and 21-day moving averages, with MACD and RSI signaling sustained bullish momentum. Notably, MACD has held above the signal line for a while, reinforcing trend strength.

Source: Share.Market

However, volumes remain muted, suggesting that a spike in participation could act as the trigger for a sharper upmove. Traders should watch ₹825 as immediate resistance and ₹726 as support. A decisive break on strong volumes may set the stage for further gains.

NAVA Ltd. (CMP: ₹666, Stop Loss: ₹610) recently surged 13% in a sharp move toward its 52-week high and is now consolidating, forming a small base. The stock is finding support near its 10-day moving average. RSI is nearing the 70 mark, while MACD has delivered a bullish crossover, both pointing to positive momentum.

Source: Share.Market

A volume confirmation remains critical for conviction, as the stock approaches key levels. Immediate resistance lies at ₹710, while support holds at ₹600. The trend remains positive, but sustained buying interest will determine the breakout’s strength.

Note: Charts and prices are as of 12:30 PM.

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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