New Delhi, May 2 -- On 30 April, the Indian equity markets opened on a slightly gap-down note and experienced a volatile range-bound session throughout the day. After moving between 24,300 and 23,400 levels, selling pressure intensified towards the close, pushing the indices below key support levels.

Why it's recommended: The stock has given a breakout from a falling wedge pattern and has retested the Rs.1,320 level, indicating strength. RSI on the daily chart is above 60, confirming bullish momentum.

Key metrics: RSI: 62 (bullish) | Breakout level: Rs.1,320 | Pattern: Falling wedge breakout

Technical analysis: Price action shows a successful retest of the breakout zone with strength building up. RSI supports the potential for further ...