Hindalco, Fortis Healthcare, Avanti Feeds, India Cements, Indigo Airlines and BEL were among major gainers and these stocks are currently looking bullish on technical charts. As markets staged a strong recovery in today's trading session, it will be crucial to see how the market closes on Thursday. If markets continue with strong upside move, we could see further strength in these stocks. Tata Steel and JSW Steel were also showing strong bullish trends on technical charts.

Technical Insights for Bullish Breakout Stocks

Hindalco

• The stock faces strong resistance at Rs 662.50, with key support at Rs 650.25 (50% Fibonacci retracement).
• A breakout above Rs 662.50 could indicate bullish momentum, while a dip below Rs 638.00 may trigger further downside.
• Investors should watch Rs 645.12 (61.8% level) for signs of trend continuation or reversal.

Fortis Healthcare

• Immediate resistance is at Rs 673.65, with Rs 651.90 acting as a crucial support level.
• A sustained move above Rs 673.65 may indicate strength, while a break below Rs 630.15 signals weakness.
• Traders should monitor Rs 642.57 (61.8% Fibonacci level) as a potential retracement zone.

Avanti Feeds

• Key resistance is at Rs 815.00, while Rs 771.95 (50% Fibonacci retracement) serves as critical support.
• A breakout above Rs 815.00 could attract buyers, whereas a drop below Rs 728.90 may trigger selling pressure.
• The 61.8% retracement at Rs 752.89 will be important to confirm the next directional move.

India Cements

• Resistance at Rs 298.00 and 50% retracement at Rs 291.83 provide key levels to watch.
• If prices sustain above Rs 298.00, bullish sentiment may continue, whereas a decline below Rs 285.65 may indicate further correction.
• The 61.8% level at Rs 289.47 could act as a pivot point for traders.

Fibonacci Levels for Stocks

Hindalco

Fortis Healthcare

Avanti Feeds

India Cements

Investors should consult financial advisor before taking position in stocks.