Top 5 stocks to watch on 23 June

LUPIN is one among the top traded stocks. Furthermore, 56% of the trades were taken for delivery. There could be Derivative traders aggressive in adding short positions. Open interest surged by 6.24 %. The intensity of the bears is recognized by the today’s gap. It is regularly sliding for 3 days. It is trading below its recent support zone. The near-term resistance is seen around 1191.

JPASSOCIAT surged by 6.49% and ended at Rs.16.4. Trading volume inflated by 327 percent in last trading day. But numerous trades were intraday in nature. It is heading for a positive breakout. The aggressive nature of bulls is visible through the unfilled gap. This stock is currently settled above the recent resistance zone. We see short-term support around 10.

IBREALEST plunged by 9.8% and closed at Rs.192. It witnessed Bearish Engulfing pattern on daily chart.  Meanwhile, it sketched star pattern on the charts yesterday. Trading volume increased by 430 percent in last trading day. But largely the volumes are intraday in nature. It is oscillating nearer to its resistance zone of 209.

EICHERMOT witnessed star pattern on daily chart. EICHERMOT volume spiked by 195 percent on Thursday. Moreover, 74% of the trades are deliverable volume. Currently, it is trading around the lower range of its price band. The crucial support zone is around 27641.

AMBUJACEM climbed by 1.91% and closed at Rs.244.95. Trading volume inflated by 151 percent in last trading day. Furthermore 66% of the trades gone for delivery. There could be bullish trend formation. This stock is currently settled above the recent resistance zone. We see short-term support around 230.

 

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