Domestic equities closed nearly flat on Friday as the Reserve Bank of India's monetary policy outcome aligned with market expectations. However, supportive measures announced by the RBI Governor bolstered the rupee, while profit booking ensued due to a downward revision in growth forecasts and a calibrated inflation outlook.
Adani Green Energy, trading at a current market price (CMP) of Rs 1,525.7, is showing a strong bullish trend. The stock is trading above all major Exponential Moving Averages (EMAs), with the Relative Strength Index (RSI) in positive territory, indicating healthy momentum. Sustained volume participation supports the ongoing upward movement, with price action forming higher highs and higher lows, reflecting strong buying interest.
Krishna Institute of Medical Sciences is trading at a CMP of Rs 788.95 and is positioned above all key EMAs, indicating a strong bullish structure and positive trend alignment. The RSI remains above the neutral zone, reflecting sustained momentum, while increased volume participation near resistance signals strong buying interest. Price action continues to form higher highs and higher lows, with the stock attempting a breakout above a key resistance zone.
“Adani Green Energy is trading at a CMP of Rs 1,525.7. The stock is trading above all major EMAs, confirming a strong bullish trend.”
Virat Jagad, Senior Technical Research Analyst, Bonanza Portfolio
Virat Jagad, Senior Technical Research Analyst at Bonanza Portfolio, recommends these stocks based on their technical indicators and market performance.
The RBI's recent policy measures come amid a challenging economic environment, with inflationary pressures and growth concerns impacting market sentiment. Investors are closely watching the central bank's actions to gauge future economic stability.
“Krishna Institute of Medical Sciences is trading at a CMP of Rs 788.95. The stock is positioned above all key EMAs, indicating a strong bullish structure and positive trend alignment.”
Virat Jagad, Senior Technical Research Analyst, Bonanza Portfolio
Background
The RBI's recent policy measures come amid a challenging economic environment, with inflationary pressures and growth concerns impacting market sentiment. Investors are closely watching the central bank's actions to gauge future economic stability.
Looking ahead, market participants will continue to monitor economic indicators and corporate earnings to assess investment opportunities. The performance of recommended stocks like Adani Green Energy and Krishna Institute of Medical Sciences will be closely watched in the coming sessions.
