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Domestic markets remained under pressure, extending their recent correction as elevated crude oil prices and rising global bond yields weighed on sentiment. Investors stayed cautious ahead of key central bank meetings this week, with growing expectations of further policy tightening by major economies. Analysts say concerns about a prolonged high-interest-rate environment, particularly in the US, kept Treasury yields near multi-year highs and continued to dampen emerging market sentiment amid persistent foreign outflows. Buying Zone: 420-421 | Stop-loss: Rs 400 | Target: Rs 460Acme Solar Holdings Ltd has registered a strong daily breakout above its recent horizontal resistance near 415, advancing to 420.40 (+4.50%). Supported by a sharp expansion in buying volume, price holding comfortably above its short-term exponential moving averages (20/50/100/200 EMA), and an RSI rising past 63 into bullish expansion territory, the setup indicates sustained upward momentum.Kunal Kamble, Sr Technical Research Analyst, at Bonanza Portfolio Buying Zone: 1993 | Stop-loss: Rs 1910 | Target: Rs 2150Emcure Pharmaceuticals Limited has posted a strong daily continuation move toward its swing resistance zone, closing at 1,993.00 (+0.71%). Guided closely by stacked short-term exponential moving averages and supported by an RSI strengthening near 66, the chart structure reflects solid buying interest for potential upside extension past 2,000+ levels.Kunal Kamble, Sr Technical Research Analyst, at Bonanza Portfolio Buying Zone: 1135 | Stop-loss: Rs 1170 | Target: Rs 1075The stock price was in a strong downside momentum over the last one month. We observe the bearish pattern like lower tops and bottoms over the period. Currently, the stock price has broken below the crucial support of previous swing low at Rs 1155 levels. The overall bearish volume and RSI patterns indicate negative outlook for the stock price ahead.Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. Buying Zone: 319 | Stop-loss: Rs 306 | Target: Rs 342Prime Focus has staged a strong breakout above the key 315 resistance zone, indicating a continuation of its recent uptrend. The stock has been forming a series of higher highs and higher lows and is comfortably trading above its 20-day, 50-day, and 100-day moving averages, reflecting strong trend strength. The breakout is supported by steady buying interest and improving price structure following a healthy consolidation phase.Vaishali Patel, Senior Manager - Research- Technical Department at JainamDisclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclourses here.
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