Indian Hotels Company is poised to lift into the 725‑735 zone after a mid‑June trendline breakout and a clear ADX climb above 25, signalling bullish dominance. The DI+ sits above DI‑ on the ADX chart, and the RSI, once flat, has spiked to 60, indicating fresh buying pressure. Meanwhile, the MACD line has crossed over its signal, and the Bollinger bands are tightening – a classic setup for a breakout. The stock remains above key moving averages, making it a prime candidate for accumulation at 725‑735 with a stop‑loss near 705.
Sona BLW Precision Forgings Ltd. has mirrored a bullish reversal on its daily chart, with a down‑sloping trendline breakout and an RSI jump to 58 after a period of consolidation. The 50‑day EMA bounce gave the stock a sharp kick, and volume spiked during the pullback, reinforcing the bullish sentiment. Weekly ADX is trending upward, while the daily MACD histogram bars shrink, implying that short‑term pressure is easing. Analysts recommend buying between 800‑815, with a stop‑loss at 775, and a potential upside to 870.
On the index front, the Nifty has slipped to 23,050‑23,000 after six straight negative sessions, yet the daily RSI has rebounded to 34.17 and crossed above its 50‑day EMA, hinting at a pause in the pullback. Support lies at the 23,000 level, while a break above 23,500 could trigger a rally to 23,700, followed by 23,900.
Bank Nifty has traded within a 1300‑point range for seven sessions, ending on a negative note for the fourth week. The 100‑ and 200‑day EMAs are flat, and the daily RSI hovers near 50, suggesting sideways momentum. Support is at 55,700‑56,000, with 56,900‑57,000 acting as a critical resistance; a move beyond these zones could set a new trend.
Looking ahead, both stocks are expected to benefit from the ongoing bullish technical backdrop. Market participants should watch for confirmation from the 25‑point ADX threshold and MACD crossovers, as these will likely dictate the short‑term trajectory. The next earnings cycle for Indian Hotels Company is scheduled for Q4 2026, while Sona BLW Precision will report its Q3 results on October 15, 2026, providing further catalysts for price action.