Market benchmark Nifty 50 ended lower on Monday, 20 July, touching an intraday low of 24,136 during the session. According to reports from Mint, the index settled 0.39% lower at 24,238, respecting the support of 24,200. Sumeet Bagadia of Choice Broking and Vishnu Kant Upadhyay of Master Capital Services have recommended six key stocks for the next 1-2 weeks to capitalize on bullish trends despite potential market risks. As reported by Mint, experts see it as a positive sign with prices finding strong buying from lower levels.
According to Vishnu Kant Upadhyay, AVP-Research at Master Capital Services, as reported by Mint, "Despite closing in the red on Monday, positive texture is still intact as prices are finding strong buying from lower levels. As long as prices are trading above 21-day EMA, which aligns near 24090, every dip close to that level will provide an opportunity to create fresh long positions." However, escalating US-Iran tensions, crude oil price volatility and the rupee's weakness remain key risks for the market. On the higher side, 24,500-24,600 will continue to act as a stiff resistance, while a decisive fall below 24,080 will open the room for further fall towards 23,850.
Sona BLW Precision shares exhibit an aggressive, high-momentum price action structure, surging vertically to register fresh multi-month highs, as reported by Mint. According to Sumeet Bagadia, Executive Director – Technical Research at Choice Equity Broking, the stock is trading well above its short-term 20-day EMA, confirming an accelerated uptrend backed by rising volume spikes. The daily RSI has entered the overbought zone at 80.41, signalling a strong momentum-driven run where bulls are in absolute control. The stock is buy at ₹714.55 with a target price of ₹784 and stop loss at ₹680.
As reported by Mint, Colgate Palmolive (India) shares demonstrate a strong bullish breakout pattern, slicing through multiple cluster exponential moving averages, including the 20, 50, and 100-day EMAs, on significant volume. The daily RSI has spiked sharply past its midline to settle comfortably at 60.20, indicating a clear shift toward positive momentum. Emcure Pharmaceuticals shares exhibit strong bullish price action, reversing sharply after finding robust support near the 50-day EMA and forming a clear higher-low structure. The daily RSI holding firmly at 60.61 indicates room for further gains, with buy recommendations at ₹2,113 and ₹1,861 respectively.
According to Mint reports, Punjab National Bank (PNB) share price has confirmed a decisive breakout above a falling trend line on the daily chart, supported by strong bullish candle and sharp surge in volumes. The stock has reclaimed all its key moving averages, reinforcing the improving technical setup with earlier ₹100 to ₹99 price zone acting as strong demand area. Home First Finance Company India's share price has confirmed a breakout from a complex inverse head-and-shoulders pattern, sustaining above the breakout zone while remaining firmly positioned above all key moving averages. The bullish crossover of 21 EMA and 55 EMA above the 200 EMA further reinforces strengthening momentum.
As reported by Mint, JSW Steel's share price has resumed its primary uptrend after breaking out of a consolidation phase, signalling renewed buying interest. The stock had been consolidating around the cluster of its 21, 55 and 100 EMAs, which also coincided with a key horizontal support zone. The broader chart structure remains firmly positive with a clear pattern of higher highs and higher lows. With the stock sustaining above the breakout zone, experts suggest the potential for the ongoing uptrend to extend further, with buy recommendations at ₹1,257 with target prices of ₹1,345 and ₹1,360.
