The Indian market rallied almost 1% on Monday, monitoring constructive international cues. The S&P BSE Sensex rose over 900 factors whereas the Nifty50 closed with good points of over 200 factors.

Sectoraly, shopping for was seen in utilities, public sector and banks whereas realty shares noticed promoting strain.

Shares that have been in focus embody names like Supreme Industries which rose over 12%, Aegis Logistics which gained almost 10% to hit a contemporary file excessive and ICICI Bank which closed with good points of almost 5% on Monday.

Additionally learn: Sensex surges 941 points: Here are 5 factors which unleashed the bulls

We’ve got collated an inventory of three shares that both hit a contemporary 52-week excessive, or an all-time excessive or noticed a quantity or a value breakout.We spoke to an analyst on how one ought to take a look at these shares the following buying and selling day totally from an academic perspective.

Right here’s what Priyanka Limaye (CA , CMT) needed to say:

Supreme Industries

This inventory has been in a consolidation zone of three,820-4,820 since August 2023. On Monday, it gave a breakout from this zone with wonderful volumes.

The Relative Power Index (RSI) too is coming into into an excessive bullish zone on the each day time-frame.

If the inventory stays round 4,850 ranges, it’s anticipated to check 5,800-6,500 ranges within the short- to medium-term. The assist zone for the inventory might be round 4,600-4,400.

Aegis Logistics

This inventory has given a superb breakout from weekly channel patterns within the first week of April.

The inventory has been seeing good volumes because the breakout. With now month-to-month RSI coming into into an excessive bullish zone, it’s anticipated to check 800-920 ranges within the medium time period. It’s advisable to maintain strict cease at 580

ICICI Financial institution

This inventory has given a channel breakout on the each day time-frame in Monday’s session with respectable volumes.

On the each day time-frame, the RSI is coming into into an excessive bullish zone and value is sustaining above the 5-EMA zone. The inventory is anticipated to check 1,290 within the short- to medium-term.

The extent of 1,080-1,050 shall act as sturdy assist zones for the inventory.

(Disclaimer: Suggestions, recommendations, views, and opinions given by specialists are their very own. These don’t characterize the views of the Financial Instances)