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Technical Breakouts Highlight PNB Housing and IIFL Finance as Trading Picks
PNB Housing Finance and IIFL Finance show strong technical breakouts with volume support, positioning both stocks for potential near-term gains amid range-bound markets.
Market participants are focusing on selective stock ideas as benchmarks trade in a narrow range amid holiday-thinned volumes. According to Siddhartha Khemka of recent softness reflects profit booking rather than a trend reversal has posted a consolidation breakout on strong volumes, trading above key EMAs with RSI near 65, indicating sustained momentum also shows a fresh breakout after consolidation, forming higher highs and higher lows, with RSI close to 68.