LTTS, Divis Labs, Siemens India, Godrej Properties Shares have witnessed bullish breakouts in today's trading session. Indian markets have recovered smartly in just two trading sessions and we can expect further bullish sentiment. Markets could see a small decline but any declines could again be followed by fresh buying. The sentiment has certainly changed from bearish to bullish in just two trading sessions. The direction of markets will also depend on how the global markets trade during the current weak but for the moment, the selling in Indian stocks and further downside is limited.

LTTS forms Bullish Engulfing pattern

On the daily chart, LTTS (Larsen & Toubro Technology Services) has formed a Bullish Engulfing pattern as the closing price is expected to exceed the previous day’s high. This indicates that buying pressure is overcoming prior bearish sentiment, suggesting a potential reversal to the upside.

Actionable Insight:
If LTTS sustains above Rs 5,500, it may indicate continued bullish momentum. Traders can watch for confirmation in the next trading session.

Fibonacci Levels
Using the 52-week high of Rs 6,000.00 and 52-week low of Rs 4,200.00, the Fibonacci retracement levels are as follows:

23.6% Retracement: Rs 4,644.80
38.2% Retracement: Rs 4,944.40
50% Retracement: Rs 5,100.00
61.8% Retracement: Rs 5,255.60
78.6% Retracement: Rs 5,522.80
Current Position:
The stock is trading near the 78.6% retracement level (Rs 5,522.80), signaling strong upward momentum but also proximity to a potential resistance level.

Actionable Insight:
A breakout above Rs 5,522 could push the stock towards Rs 5,800 or even the 52-week high of Rs 6,000. However, if the stock fails to sustain above Rs 5,500, a pullback toward Rs 5,255 is possible.

Siemens India Shows Strength

On the daily chart, Siemens India is exhibiting a Bullish Engulfing pattern, as the closing price is expected to surpass the previous day’s range. This indicates strong buyer momentum and a possible reversal from recent consolidation.

Actionable Insight:
A sustained close above Rs 7,380 could confirm bullish sentiment, making way for further upward movement toward the 52-week high of Rs 8,129.90.

Fibonacci Levels
Using the 52-week high of Rs 8,129.90 and 52-week low of Rs 3,530.00, the Fibonacci retracement levels are calculated as:

23.6% Retracement: Rs 6,176.98
38.2% Retracement: Rs 6,855.14
50% Retracement: Rs 6,829.95
61.8% Retracement: Rs 7,404.12
78.6% Retracement: Rs 7,779.88
Current Position:
Siemens India is trading near the 61.8% retracement level of Rs 7,404, indicating proximity to a key resistance point.

Actionable Insight:
A breakout above Rs 7,404 could lead to upward momentum targeting Rs 7,779, while failure to sustain may result in a pullback toward the 50% retracement level of Rs 6,830.

Godrej Properties Faces Major Resistance at Rs 3,016

On the daily chart, Godrej Properties formed a Doji pattern, with the open and close prices near similar levels, reflecting indecision in the market. This often signals a potential reversal or continuation depending on the next day’s price movement.

Actionable Insight:
A bullish confirmation above Rs 3,016 would signal potential upward movement, while a close below Rs 2,913 could indicate bearish sentiment.

Fibonacci Levels
Using the 52-week high of Rs 3,402.70 and 52-week low of Rs 1,823.15, the Fibonacci retracement levels are as follows:

23.6% Retracement: Rs 2,266.96
38.2% Retracement: Rs 2,569.94
50% Retracement: Rs 2,612.93
61.8% Retracement: Rs 2,996.92
78.6% Retracement: Rs 3,202.36
Current Position:
The stock is trading near the 61.8% retracement level (Rs 2,996.92), indicating strong bullish momentum but approaching a potential resistance point.

Actionable Insight:
A breakout above Rs 3,016 could propel the stock toward the 78.6% retracement level of Rs 3,202, while failure to hold above Rs 2,950 might lead to a correction toward Rs 2,800.

Divis Labs Stock at Bullish Breakout

On the daily chart, Divis Labs has formed a Spinning Top candlestick pattern, characterized by a small real body and longer wicks, indicating indecision in the market. This suggests that both buyers and sellers are testing boundaries without a definitive trend direction.

Actionable Insight:
A bullish confirmation above Rs 6,100 could signal a breakout, while a close below Rs 6,020 may indicate a pullback toward support zones.

Fibonacci Levels
Using the 52-week high of Rs 6,275.85 and 52-week low of Rs 3,350.00, the Fibonacci retracement levels are:

23.6% Retracement: Rs 4,217.86
38.2% Retracement: Rs 4,863.89
50% Retracement: Rs 4,812.93
61.8% Retracement: Rs 5,587.89
78.6% Retracement: Rs 6,055.37
Current Position:
The stock is trading near the 78.6% retracement level (Rs 6,055), indicating proximity to a strong resistance point.

Actionable Insight:
A sustained breakout above Rs 6,100 could lead to further upward momentum, targeting the 52-week high of Rs 6,275.85, while a failure to hold above Rs 6,020 could result in a pullback toward Rs 5,850.