3 stocks I see potential in purely on the basis of technicals; what do you guys think?

Checked out a few charts today and spotted some interesting setups. Want to hear what I'm seeing?

https://preview.redd.it/jzih7le80z5e1.png?width=1000&format=png&auto=webp&s=05e5cce5a3e17b7c7373474c89dcbd84fc687c7d

Bajaj Finance is looking pretty solid right now. It's trading above 6865, which is its neckline, and it's just crossed the 50 EMA. If it can hold these levels, we might be looking at a potential trend reversal.

https://preview.redd.it/odd1996a0z5e1.png?width=1000&format=png&auto=webp&s=7a3e4248e3a70d2b5d9ea39bfcf1753a5a1c5474

IRFC caught my eye too. It's sitting above the 50 EMA and getting close to the 161 neckline. We'll only know it's active if we see a clean breakout.

https://preview.redd.it/wqla44gd0z5e1.png?width=1000&format=png&auto=webp&s=972bc88ceb16297978401a29d2789df070a55ee2

HDFC AMC - It's hovering above the 50 EMA and seems ready to break through 4375. If it does, the next stop might be around 4555.

What do you think? Seen anything interesting in the markets lately?

Posted Dec 10, 2024, 7:50 AM UTC

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