The stock market has shown slight movements today, with the Nifty 50 marginally gaining 11.95 points and currently at 25,290.65 while the Sensex adding 31.49 points to reach 82,591.33 as of the latest data. The Nifty Bank index has dropped by 45.00 points, standing at 51,394.55.
Among the top gainers today are Nestle India Ltd, Hero MotoCorp Ltd, Wipro Ltd, Titan Company Ltd and Tata Consumer Products Ltd. These stocks have all exhibited bullish trends, as indicated by their price movements.
Source: NSEIndia
Nestle India Ltd has seen a 1.66% increase and with its current price at Rs 2,551.60. The stock has been trading inside a descending triangle since hitting the previous high of Rs 2,769 in January 2024. Currently, the price is trading toward the descending trendline of the descending triangle as the next potential target around Rs 2,600 if the bullish momentum continues. If it faces rejection for the third time now, it will trade to the downside to test the pattern support at around Rs 2,327
Nestle India
Hero MotoCorp Ltd has also performed well, rising by 1.40% to Rs 5,656.20. The stock successfully breached a resistance zone and turned it to support near Rs 5,050. The bullish trend appears strong, with a potential upward target near Rs 5,894 if the current momentum holds.
Hero MotoCorp Ltd
Wipro Ltd has gained 0.84%, with its price reaching Rs 536.90. The stock has shown a bullish pattern and its recent move above Rs 530 indicates a bullish breakout. The next target is likely to be Rs 579 recent high provided the stock maintains its upward trajectory. Currently, the stock is also filling a fair value gap that had been left before.
Wipro Ltd
Titan Company Ltd has seen a moderate gain of 0.82% and with the current price at Rs 3,617.00. The stock broke out from a symmetrical triangle pattern as reported in our previous piece of a recent breakout suggesting a bullish trend continuation. The next potential target lies around Rs 3,886 if the stock breaks above the current resistance of Rs 3,621
Titan Company Ltd
Tata Consumer Products Ltd has risen by 0.76% to Rs 1,208.85. The stock is trading to test a resistance level near Rs 1,250 after it got support at Rs 1,160 level and a successful breakout could lead to further gains even above the Rs 1,250
Tata Consumer Products Ltd
In summary, the technicals for these top gainers suggest a bullish outlook, with each stock breaking above key resistance levels and exhibiting patterns that indicate potential for further upward movement.
