The index hit a fresh record high of 22,249 in intraday trade while the S&P BSE Sensex fell over 400 points.
Sectorally, selling was seen in utilities, oil & gas, power, public sector, energy, and capital goods stocks while some buying was visible in realty stocks.
Stocks that were in focus on include names like DLF which was up over 2%, ICICI Bank which closed flat after hitting a fresh record high and M&M which closed with gains of 0.4% on Wednesday.
We have collated a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout.
We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view:
The stock has been in a rising trend since the low formed in January 2024 but the angle of the rally is a little too steep.
We have witnessed a close above the resistance line, but the indicators are entering overbought territory.
Existing long positions can be held with trailing stop loss at 10-DMA placed at 844. New position is not recommended at the CMP.
The stock has been rising recently after taking support at the trend line but on Wednesday it also resisted at the trend line, which suggests range-bound movement.
On Wednesday, supply was more at the top, which suggests distribution at the life high. Indicators are flat and therefore the next trading session becomes crucial for a breakout.
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