On July 28, equity indices finished a range‑bound session with a slight negative tilt. The market breadth was bearish, with 2,048 shares declining versus 938 advancing on the NSE. After a day of consolidation, analysts expect strength to return once key support levels hold.
Infosys has moved into an accumulation zone after a recent downtrend. The daily chart shows a range‑bound pattern, but recent bullish activity suggests the stock may break out and gain fresh momentum. Traders see Rs 1,065 as a crucial level; staying above it keeps the reversal intact and could push the price toward Rs 1,180. Falling below could signal an exit.
DLF rebounded after falling from higher levels and is trading near the breakout point of its sloping channel. The recent upmove hints at a new bullish leg. Rs 640 is the trend‑deciding level; if DLF stays above it, the stock could target Rs 710.
Jubilant FoodWorks recovered from a multiple support zone after a long consolidation period. The daily chart shows a steady rise and a breakout from its sloping channel. Staying above Rs 415 keeps the bullish bias alive, with a potential move toward Rs 460.
Hero MotoCorp led the auto sector gains, rising nearly 1%. The stock forms higher highs and higher lows, signalling a gradual improvement in its month‑long trend. It has moved above the 200‑day EMA near Rs 5,145 and the KST line is above the signal line, both above zero. A move past Rs 5,200 could drive the price toward Rs 5,460‑5,500, while support sits around Rs 5,030.
Eternal rallied almost 4% after breaking out of a narrow Rs 275‑301 range. The price closed above the previous day’s high for two sessions, moved above the upper Bollinger Band, and the ADX hovers near 40, confirming a strong trend. Buying on dips is advised, with support at Rs 283 and an upside target of Rs 315‑320.
India Energy Exchange surged over 4% after breaking a double‑bottom pattern. The 20‑period EMA crossed above the 40‑period EMA for the first time since April 2026, signalling bullish momentum. RSI sits at 65. A decisive move above Rs 132.5 would push the stock toward Rs 137 and then Rs 145, with support near Rs 127.
Authum Investment & Infrastructure holds above the Rs 512 support after reclaiming it from the Rs 400.40 base. It consolidates below its recent swing high near Rs 573, with RSI at 59. A sustained hold above Rs 512 could lead to a breakout. Buy between Rs 530‑550, stop‑loss at Rs 498, target Rs 660.
L&T Finance stays above the Rs 295‑302 support after a strong rally from March lows. It has broken a descending trendline and is consolidating below the Rs 321.55 Fibonacci extension. RSI is 54. Maintaining above Rs 295 keeps the structure bullish, with a target of Rs 346‑361. Buy between Rs 300‑312, stop‑loss at Rs 290, target Rs 350.
Sun Pharmaceutical has broken an all‑time high after building a base between Rs 1,592 and Rs 1,900. The stock surpassed its previous swing highs with strong follow‑through momentum, and RSI is 66. Staying above Rs 1,900 keeps the bullish trend. Buy between Rs 1,930‑1,970, stop‑loss at Rs 1,900, target Rs 2,175.