Bikaji Foods International Ltd. (CMP ₹788, Stop Loss ₹725) gained 2% today as the stock broke out of its recent base, hinting at renewed bullish momentum. A crossover between the 10-day and 21-day EMA supports the uptrend, while the MACD line moving above its signal line adds to the positive setup. RSI has also been trending higher, further strengthening the case for momentum traders. 

However, volume confirmation will be crucial for sustaining this breakout. Traders may keep a close eye as the stock edges toward the ₹820 zone, while ₹725 remains the key stop loss level.

Adani Power Ltd. (CMP ₹600, Stop Loss ₹550) continues to trend upward, aligning well with its short-term moving averages (10-day and 21-day EMA). The stock’s momentum indicators — RSI and MACD — are flashing bullish signs, suggesting strength in the near term. While the setup looks constructive, volume confirmation will be key for validating the move.

 If the trend sustains, traders could watch for a potential test of higher levels, with ₹550 as a critical stop loss for risk management.

Note: Charts and prices are as of 1 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.

Kindly refer to  https://share.market/ for more details.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

Registration granted by SEBI, enlistment as Research Analyst and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors

Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.