Axis Securities said that City Union Bank is in a strong uptrend across all time frames, forming a series of higher tops and bottoms.
Axis Securities said that Bharat Forge has confirmed an 'inverted head & shoulder' pattern breakout at Rs 1,277 levels on a closing basis on the daily charts.
UPL shares tanked 5.08 per cent to hit a low of Rs 641.55. The counter was last seen trading 5.02 per cent down at Rs 642.85. At this price, it has gained 28.44 per cent on a year-to-date (YTD) basis.
An analyst from Axis Securities said that PNB has been consolidating within Rs 105-85 over the past 3-5 months, representing a short—to medium-term sideways trend.
Investec expects the company to successfully trim its overall debt levels in FY25.
SMC Global said that NBCC (India) has been trading lower as prices are seen drifting below its 200 days exponential moving average on daily charts, since past few months.
SMC Global Securities said that Hindustan Copper recently tested its 200-day exponential moving average (EMA) support and successfully rebounded, indicating strong underlying support.
Axis Securities said that Bajaj Finance has broken out above the 'symmetrical triangle' pattern at Rs 7,180 with a strong bullish candle on the weekly chart, signalling the uptrend.
Tata Motors and Coal India were among six Nifty constituents that saw upgrades of over 5 per cent. Four Nifty components including UPL and LTIMindtree witnessed downgrades of over 5 per cent.
UPL stock ended 0.66% ended higher at Rs 581.70 on Friday. Market cap of UPL rose to Rs 44,444.52 crore on BSE.
In the case of ONGC, the stock traded at a PE of 4.5 times against a 10-year average of 8 times. At Tuesday's close, the scrip needed a 56 per cent rally to revisit its all-time high of Rs 314.67 hit in June 2014.





