Suzlon Energy, Adani Ports, Minda Corporation, Adani Energy Solutions Share Price Jumps; Stocks Looking Bullish on Technical Charts
Suzlon Energy stock was up by 1.8 percent in early trades. Adani Ports and Adani Energy Solutions were also trading positive with strong volumes. Minda Corporation was up by 2.5 percent and the stock has given positive breakout on technical charts. NSE Nifty 50 was up by 100 points in early trades. The opening has been firm and we can expect further strength in the markets this week if we see a positive closing for the markets today. TopNews Team has reviewed technical levels for the stocks for traders and short term investors.
Stock-Specific Insights:
Minda Corporation
The stock is showing resilience above Rs 515.05, with potential resistance near Rs 537.90.
A break above Rs 537.90 could lead to further momentum towards Rs 652.00.
Investors should watch for volume confirmation before entering a long position.
Suzlon Energy
The stock is currently consolidating in a narrow range, with Rs 55.03 acting as a key support.
A push above Rs 56.79 could indicate renewed buying interest, potentially targeting Rs 86.04 in the long term.
Traders should monitor market sentiment in the renewable energy sector for additional cues.
Adani Energy Solutions
The stock is in a strong consolidation phase between Rs 738.00 and Rs 773.00.
A breakout above Rs 773.00 could open the door for an upward move toward Rs 1,348.00.
Holding above Rs 750.00 will be crucial for sustaining bullish sentiment.
Adani Ports
The stock is holding firm above Rs 1,136.95, indicating strong buying interest at lower levels.
Resistance is seen at Rs 1,167.50, and a breakout beyond this level could strengthen its position toward Rs 1,621.40.
Investors should watch for shipping sector trends and global trade outlooks for further confirmation.
Stock | 23.6% Retracement | 38.2% Retracement | 50.0% Retracement | 61.8% Retracement | 76.4% Retracement |
---|---|---|---|---|---|
Minda Corporation | Rs 433.38 | Rs 475.16 | Rs 508.93 | Rs 542.69 | Rs 584.47 |
Suzlon Energy | Rs 47.43 | Rs 54.81 | Rs 60.77 | Rs 66.73 | Rs 74.11 |
Adani Energy Solutions | Rs 767.36 | Rs 878.32 | Rs 968.00 | Rs 1057.68 | Rs 1168.64 |
Adani Ports | Rs 1143.33 | Rs 1234.69 | Rs 1308.53 | Rs 1382.36 | Rs 1473.72 |