Equity benchmarks rose more than 1 percent on May 14, extending follow-up buying for the second consecutive session. According to reports from JM Financial Services, market breadth remained neutral with 1,491 shares advancing against 1,459 declining shares on the NSE. The recovery was broad-based, with financials, healthcare, pharma and metals leading the advance, though IT stocks remained under pressure and capped the breadth of the rally. However, the market needs to reclaim and sustain above short-term moving average levels for a further uptrend.
Indus Towers has given a decisive breakout above the range in which it had been consolidating for the past 20 sessions, along with a breakout above the descending channel. As reported by JM Financial Services, the stock has formed a strong base near the 200-day EMA and both momentum and trend indicators have turned positive on the daily chart. The price is now trading above all key EMAs, indicating inherent strength. Strategy: Buy with targets of ₹440 and ₹457, stop-loss at ₹389.
NMDC has broken out above the ₹91–92 resistance band that had capped the stock on multiple occasions, with the current session marking a strong continuation move. According to Samco Securities analysis, the stock hit fresh highs near ₹93 with the breakout backed by volumes running well above recent average. The RSI is placed near 66 and continues to hold above its signal line near 62, while the MACD prints a green histogram bar indicating strengthening momentum.
Max Healthcare Institute has reversed sharply after forming a well-defined triple-bottom pattern near the ₹940 zone on the daily chart. As reported by Choice Broking, the subsequent recovery has been strong with the stock reclaiming the ₹1,030 level and now holding comfortably above it. The RSI is placed near 63, reflecting steady momentum, and as long as the stock sustains above ₹1,030, the near-term outlook remains positive with a target of ₹1,110.
KEI Industries is showing renewed strength after witnessing a corrective phase, followed by accumulation near lower levels and a strong rebound from the 200-day EMA support zone. According to Choice Broking analysis, the stock is currently trading around ₹5,144 and sustaining above its rising 20-day EMA. BSE is exhibiting a strong technical structure with a consistent higher high–higher low formation, having broken above its recent swing high and delivered a strong bullish-bodied candle close. Both stocks show potential for upward movement with specific target levels identified.
Kotyark Industries shares surged nearly 7% after the company announced a 10:1 bonus share issue, marking a significant corporate action for the renewable energy firm. The stock's strong performance was further supported by robust Q4FY26 earnings growth, with revenue jumping 221% YoY, demonstrating exceptional business momentum in the renewable energy sector.
