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Nifty guide, June 11: Outlook remains bullish; top breakout stocks in focus
Nifty continued its muted move for the second consecutive session by closing flat at 25,104. Positional trend remains bullish with support seen in the band of 24,900-25,000 for Nifty. On the higher side, 25,200 could offer resistance. Track LIVE Stock Market Updates Here
Buy JSW Infra CMP ₹311.65 | Target ₹350 | Stop-loss ₹279
The stock price has broken out of a symmetrical triangle pattern on the weekly chart. The price rise was accompanied by a jump in volumes. The stock price has been sustaining above 50 Double Exponential Moving Average (DEMA) and 200 DEMA. Weekly RSI has reached above 50, indicating a sustainable uptrend. Weekly Moving Average Convergence Divergence (MACD) is now placed above the signal and equilibrium line.
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