Equity benchmarks rose 0.65 percent on April 17 after a day of profit booking, with market breadth dominated by bulls. About 2,200 shares saw buying interest compared to 785 declining shares on the National Stock Exchange. The market is expected to stay positive, albeit volatile, as participants monitor developments related to potential US–Iran peace talks.
Cochin Shipyard has delivered a decisive breakout above the medium-term down-sloping trendline at Rs 1,492, signaling a trend reversal. The stock has triggered a Bollinger Band buy signal, indicating expanding short-term momentum. Targets are set at Rs 1,700 and Rs 1,900.
Zen Technologies has delivered a decisive breakout above the Rs 1,580 level, supported by a surge in volumes. Targets are Rs 1,800 and Rs 1,900. Britannia Industries continues to consolidate within a range, with targets at Rs 6,000 and Rs 6,100.
Power Grid Corporation is witnessing multiple pattern breakouts, with a recommendation to buy around Rs 318–315. General Insurance Corporation has confirmed a bullish breakout, with a buying range of Rs 400–395.
Azad Engineering is forming a volatility contraction pattern, with a breakout above Rs 1,930 opening upside toward Rs 2,300. Emmvee Photovoltaic has emerged from a VCP structure, with momentum favoring an upside toward Rs 320.
Shriram Finance is forming a bullish flag, with a decisive breakout above Rs 1,040 confirming continuation.
