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Indian equities extended their recovery last week as moderation in crude and global yields improved risk appetite, despite concerns around continued geopolitical uncertainty. Investor sentiment was further supported by positive global cues following largely anticipated policy actions from major central banks. While the recent moderation in oil prices and yields provided near-term relief, analysts say the sustainability of the market recovery will depend on further easing of global macro risks and a meaningful revival in foreign investor inflows.Here are 5 stock recommendations for Monday ACME Solar Holdings has registered a sharp multi-month horizontal resistance breakout, advancing to 435.25 (+5.82%). Backed by an exceptional surge in buying volume, price trading cleanly above all key EMAs (20/50/100/200), and an RSI holding strong at 66.49 in positive territory, the chart pattern signals robust buying momentum targeting new highs. (Virat Jagad, Sr. Technical Research Analyst, at Bonanza Portfolio) Global Health Limited has delivered a strong trendline breakout following a healthy rebound off its 50-day EMA support, climbing to 1,499.40 (+5.29%). Supported by a noticeable expansion in volume and an RSI turning upward to 58.98 into bullish territory, the technical setup points to renewed upside momentum targeting recent swing highs. Following a price breakout on the candlestick charts across all timeframes, accompanied by very high volumes, the stock has since undergone a retest of its breakout zone. The retracement has occurred on very low volumes, pointing towards an absence of significant supply and indicating that the breakout remains technically healthy. On the Point & Figure charts as well, the stock has invalidated a prior bearish setup comprising a Weak Breakout and a Bearish Anchor Column, indicating a clear shift in control from sellers towards buyers. (Hitesh Rathi, Technical Analyst - Equity & Derivatives, Angel One) A sharp bounce back following the retest of the recent breakout in Uno Minda, where the stock also retested its 200 DSMA, indicates the presence of strong buying interest at lower levels and suggests that buyers continue to remain in control. The formation of a Bullish 100% Pole on the Point & Figure charts, right from its 10-column moving average, provides further confirmation of the underlying strength in the stock. Adding to the positive setup, the formation of a Bullish Swing Engulfing pattern on the 1% Renko charts, where the stock also retested its 40-brick Moving Average, further indicates that the stock could march higher in the coming days. After taking support at an upward-sloping trendline, which has cushioned prices on multiple occasions, PWL has now triggered a bullish price breakout on its Candlestick charts. A follow-through Double Top Breakout on the 1% Point & Figure charts, following the formation of a Bullish-Bearish Pattern Reversal, provides further confirmation of the resumption of its uptrend. (Hitesh Rathi, Technical Analyst - Equity & Derivatives, Angel One)here. Disclosure: 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 disclosures here.
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