The benchmark indices closed 0.2 percent lower on June 11 after facing pressure at higher levels, with bears dominating market breadth. According to reports from Moneycontrol, about 2,226 shares were under bearish pressure while 772 shares advanced on the NSE. Technical analysts emphasize that the market needs to surpass and sustain above its short-term moving averages for a further uptrend, as consolidation may continue until this key level is achieved. Until then, selective buying opportunities across multiple sectors based on specific technical patterns and momentum indicators remain the recommended approach. The Gift Nifty was trading around 23,460 level, a premium of nearly 260 points from the Nifty futures' previous close, indicating a gap-up start for Friday's session.
Himadri Speciality Chemical at ₹680.05 has delivered a decisive breakout above the ₹645–650 resistance zone after nearly a month-long consolidation, indicating a continuation of its prevailing uptrend. As reported by Choice Broking, the stock maintains a strong higher high–higher low structure and is trading comfortably above its rising 10-DMA, reflecting sustained buying interest. The breakout was supported by improving volumes, highlighting institutional participation and strong price acceptance at higher levels. Targets: ₹740 with stop-loss at ₹645.
Pidilite Industries at ₹1,498.8 has witnessed a breakout above a triangular consolidation pattern, indicating a positive shift in price action. According to JM Financial Services, the stock is trading above all its key moving averages which are sloping upward, signalling a strong underlying trend. The breakout has been accompanied by healthy volume expansion, reinforcing the bullish outlook, with momentum and trend-following indicators remaining in positive territory. Strategy: Buy with targets of ₹1,609 and ₹1,670, stop-loss at ₹1,440.
Dr Lal PathLabs at ₹1,593.5 has witnessed a bullish breakout from a falling channel pattern after undergoing a healthy correction from its recent swing high near ₹1,700. As reported by Choice Broking, the stock has successfully defended its rising 50-DMA and formed a higher low near the lower boundary of the channel, indicating strong buying interest at lower levels. The RSI has turned higher from neutral territory and crossed above its signal line, reflecting strengthening momentum. Strategy: Buy with target of ₹1,730, stop-loss at ₹1,518.
JSW Steel at ₹1,282.3 is showing signs of renewed strength after successfully defending its rising 50-DMA and witnessing a sharp rebound from the ₹1,240–1,250 support zone. According to Choice Broking, the stock continues to maintain a broader higher high–higher low structure, while the recent pullback appears corrective in nature rather than trend-changing. The RSI has turned higher from the 50 level and crossed above its signal line, indicating improving momentum. Strategy: Buy with target of ₹1,385, stop-loss at ₹1,230.
Gland Pharma at ₹2,306.5 has broken out above a prolonged consolidation range following a strong rally, with the recent breakout supported by strong volume participation. As reported by Choice Broking, the stock is currently trading above all major exponential moving averages, while momentum and trend indicators continue to support the bullish trend. The overall price structure resembles a bullish flag-and-pole formation, which typically signals the continuation of the prevailing uptrend. Strategy: Buy with targets of ₹2,570 and ₹2,700, stop-loss at ₹2,120.
Hindustan Construction Company Ltd (HCC) has broken out from a triangular pattern formation, with the stock hitting a high of ₹31.45 on June 11, 2025, before closing lower. As reported by The Economic Times, the civil construction company stock has shown strong recovery since March 2026 and is trading above key moving averages. Short-term traders with high-risk profiles can consider buying for a possible target of ₹30 levels in the coming weeks, with the stock exhibiting bullish momentum.
Chandan Taparia from Motilal Oswal has recommended three additional stocks for today's trading session. Torrent Pharmaceuticals is recommended with a target price of ₹4,850 and stop loss at ₹4,430, citing the stock's uptrend and strong bullish candle formation with higher than average volumes. Kotak Mahindra Bank is suggested with a target of ₹415 and stop loss at ₹382, following its breakout from consolidation and Stochastic indicator exit from oversold zones. Grasim Industries receives a target price of ₹3,275 with stop loss at ₹3,000, supported by its retesting of breakout levels with high traded volumes and rising RSI momentum.
