According to Kunal Kamble, senior technical research analyst at Bonanza, Tata Communications, PVR INOX, and Radico Khaitan are demonstrating strong bullish technical setups with breakouts, support-based reversals, and improving momentum indicators. These stocks are showing renewed buying interest targeting higher resistance zones, with technical analysis confirming positive momentum across all three securities.
As reported by Bonanza, Tata Communications delivered a strong daily breakout above its moving average cluster, advancing to ₹1,799.30 (+2.92 per cent). The stock has reclaimed the 20, 50, 100, and 200-day EMAs with an RSI strengthening toward 60 in bullish momentum territory. The buy range is set at ₹1,800-₹1,810 with a stop loss at ₹1,740 and target of ₹1,925.
According to the analysis, PVR INOX registered a daily trendline breakout above short-term desk resistance, advancing to ₹1,254.60 (+2.75 per cent). The stock is sustaining comfortably above its key moving average cluster (20/50/100/200 EMA) with an RSI ticking upward past 57 in positive expansion mode. The recommended buy range is ₹1,255-₹1,260 with a stop loss at ₹1,205 and target of ₹1,350.
As reported by Bonanza, Radico Khaitan has shown a strong bullish reversal from key moving average support around the 50-day EMA, advancing to ₹4,466.00 (+2.43 per cent). The stock demonstrated a solid bounce off key trend support at the 4,345 EMA zone with an RSI turning upward past 50 to confirm positive momentum. The recommended buy range is ₹4,465-₹4,475 with a stop loss at ₹4,300 and target of ₹4,750.
Indian equities advanced in tandem with regional markets as easing crude oil prices and a largely priced-in US Fed rate hike improved investor sentiment. The constructive mood was further reinforced by a moderation in Japanese bond yields ahead of the BoJ's policy decision, supporting risk appetite across Asia. According to Virat Jagad, Sr Technical Research Analyst at Bonanza Portfolio, PB Fintech has delivered a sharp daily bullish reversal from moving average support, surging to ₹1,827.10 (+5.25%) with a target of ₹2,000. Additionally, Hindalco is displaying signs of technical rebound after testing primary support around ₹955 level, with a target of ₹1,059.
