The benchmark indices bounced back after a day of sharp correction, with the Nifty 50 rising 58 points on February 25, though it shed 170 points from the day's high during the recovery. According to latest reports, the index failed to hold above key moving averages, while momentum indicators continued to maintain bearish crossovers. Consolidation with range-bound trading is expected to persist in the short term until the index decisively breaks out of the 25,300–25,900 range on either side. In the immediate term, the index needs to reclaim and sustain above 25,700 to trigger an upward rally, with the 25,400 level likely to act as a support zone, followed by 25,300 as crucial support.
Lupin is positioned for a potential move towards its all-time highs near ₹2,420 with immediate support at ₹2,210. As reported by Moneycontrol, the stock is forming a higher top and higher bottom structure on the daily chart while sustaining above all key moving averages. The stock is also shaping into a rounding bottom pattern and is sustaining above all key short-term and long-term moving averages. MCX India has delivered a fresh breakout from a falling trendline and moved above its short-term 21-DMA at ₹2,408, with technical indicators turning favourable and momentum strengthening towards the ₹2,650 level. TVS Motor Company gave a horizontal trendline breakout on Wednesday and is trading at all-time highs, with analysts recommending accumulation in the ₹3,940-3,910 zone targeting ₹4,210.
Laurus Labs has delivered a decisive breakout from its consolidation range of ₹1,045-985 since February 12, with momentum indicators turning favourable and the RSI reclaiming the 60 mark. According to Moneycontrol, the stock is positioned for a move towards ₹1,160 with immediate support at ₹1,030. Steel Authority of India (SAIL) has given a decisive breakout from its consolidation range of ₹163-149 since early February, supported by strong volume surge and positive momentum indicators. The MACD line is positioned above the zero line, while widening DI lines indicate a strong presence of buyers over sellers. Analysts recommend accumulation in the ₹165-163 zone targeting ₹180.
Lloyd Metals has received a buy recommendation from Nomura with a target price of ₹1,600, supported by low-cost iron ore assets to 2057, vertical integration into steel, and predictable earnings. The company is estimated to generate consolidated EBITDA of ₹10,900 crore by FY28F from ₹1,900 crore in FY25, implying a 77% compounded annual growth rate. Vedanta has been upgraded to buy from neutral by BoFA Securities with a raised target price of ₹840 from ₹480, driven by bullish views on aluminium and supportive silver prices. Adani Enterprises receives a buy recommendation from Jefferies with a target price of ₹2,750, as FY27 is positioned as a key ramp-up year for the company's airport, copper, and road segments.
Blue Star has formed a triple-top pattern around the ₹2,030 level and is facing persistent selling pressure, with the RSI reversing from overbought territory and the MACD generating a fresh sell crossover. As reported by Moneycontrol, the stock may drift towards its 50-DMA at ₹1,840 level. Bharti Airtel has fallen below a rising trendline on the weekly chart and slipped below the 50-week SMA, with the RSI breaking below its rising trendline and reflecting weakening momentum. The stock may decline towards ₹1,850 with immediate resistance at ₹1,940.
