The benchmark indices witnessed mixed performance on September 18, with the Nifty 50 rising 0.33 percent while the BSE Sensex declined 0.03 percent. According to reports from Angel One, market breadth remained positive with about 2,151 shares advancing against 1,094 declining shares on the NSE. Technical analysts recommend focusing on short-term trading opportunities across various sectors. Hitesh Rathi of Angel One advocates adopting a strategy where dips in Nifty could be bought into, while rallies towards key resistance zones can be utilised to consider short positions. Recent market sentiment data shows AAII sentiment for the week ending 9/16 showed bullish responses fall to 28.8% from 38.0% prior while bearish responses rose to 53.3% from 39.3%, with the bull-bear spread falling 23.2 percentage points to -24.5%.
Tilaknagar Industries has undergone a price breakout on candlestick charts across all timeframes, accompanied by very high volumes, followed by a retest of its breakout zone on very low volumes. As reported by Angel One, this retracement indicates an absence of significant supply and maintains the technical health of the breakout. The stock has invalidated a prior bearish setup on Point & Figure charts, comprising a Weak Breakout and Bearish Anchor Column, indicating a clear shift in control from sellers to buyers. Buying is recommended around ₹565-560 with targets of ₹645 and ₹650, and a stop-loss at ₹495.
UNO Minda at ₹1,284 has shown a sharp bounce-back following the retest of its recent breakout, with the stock also retesting its 200-day SMA. According to Angel One, the formation of a Bullish 100% Pole on Point & Figure charts and a Bullish Swing Engulfing pattern on 1% Renko charts provide further confirmation of underlying strength. Buying is recommended around ₹1,285-1,280 with targets of ₹1,438 and ₹1,450, and a stop-loss at ₹1,135.
Physicswallah at ₹136 has triggered a bullish price breakout after taking support at an upward-sloping trendline, with a follow-through Double Top Breakout on 1% Point & Figure charts confirming the resumption of its uptrend. As reported by Angel One, a follow-through Swing Breakout on 1% Renko charts provides additional confirmation that buyers continue to remain in control of the stock. Buying is recommended around ₹136-135 with targets of ₹155-158, and a stop-loss at ₹125.
Estee (122640) has shown positive momentum, closing up 29,600 won in the previous trading day and currently trading at 29,700 won as of 9:06 on September 21, representing a 0.34% gain from the previous close. According to MK Signal, the AI-selected Portfolio No. 5 recommended a buyout of Estee on August 25 through AI No. 5, achieving a valuation gain or loss return of 7.61% based on their strategy of holding before reaching target price and loss price. The company's competitiveness in wafer pressurization equipment for underfill in the high bandwidth memory market is highlighted, with practical order performance including a 6 billion won contract with Samsung Electronics to supply equipment for HBM. Additionally, legal uncertainty has been resolved through receiving non-infringement rulings in patent disputes related to high-pressure hydrogen annealing equipment.
