Stocks to watch today 19 Dec

ADANIENT strengthen by 3.06% and settled at Rs.159.95. It witnessed Bullish Piercing pattern on daily chart. Trading volume increased by 640 percent at last trading day. However, most of the trades are intraday in nature. It signals bullish trend formation. This stock is currently settled above the recent resistance zone. We see short-term support around 138.

CASTROLIND volume rose by 162 percent at last trading day. Noticeably 67% of the trades gone for delivery. It suggests for a positive breakout. Derivative traders were aggressive in exiting short positions. Open interest reduced by 3.6 %. This stock is currently settled above the recent resistance zone. We see short-term support around 388.

JINDALSTEL surged by 6.67% and settled at Rs.175.95. It witnessed Bullish Piercing pattern on daily chart. Trading volume rose by 123 percent. Yet largely the volumes are intraday trades. Derivative traders were aggressive in adding long positions. Open interest surged by 7.1 %. It is oscillating nearer to its resistance zone of 178.

UNIONBANK surged by 4.35% and settled at Rs.154.65. It did rise in the last trading session but fell by a significant margin on a weekly basis. It witnessed Bullish Engulfing pattern on daily chart. Currently, it is trading around the lower range of its price band. The crucial support zone is around 148.

ICICIBANK witnessed Bullish Piercing pattern on daily chart. ICICIBANK is listed in top traded counters. Derivative traders were aggressive in exiting short positions. Open interest reduced by 4.2 %. It is trading inside the trading range. The Support is seen around 300 and resistance is seen around 322.

M&M volume rose by 218 percent. Furthermore, 64% of the trades are deliverable volume. It gives an impression of bullish trend formation. It is frequently heading higher levels for 3 days. This stock is currently settled above the recent resistance zone. We see short-term support around 1377.

UPL fell by 1.08% and to close at Rs.710.05. It witnessed Star pattern on daily chart. Trading volume spiked by 130 percent. Impressively 62% of the trades are taken for delivery. Currently, it is trading around the lower range of its price band. The crucial support zone is around 695.

PNB surged by 4.17% and closed at Rs.178.75. It witnessed Bullish Engulfing pattern on daily chart. Trading volume hiked by 111 percent. But numerous trades were intraday trades. It is trading inside the trading range. The Support is seen around 168 and resistance is seen around 191.

SBIN witnessed Bullish Engulfing pattern on daily chart. SBIN volume increased by 102 percent at last session. Yet largely the volumes are intraday trades. It is trading inside the trading range. The Support is seen around 310 and resistance is seen around 338.

ALBK volume increased by 88 percent at last trading day. But a majority of them are settled intraday. The technical indicator RSI indicates oversold scenario.Currently, it is trading around the lower range of its price band. The crucial support zone is around 72.