Indian stock market: A piercing line pattern, typically signaling a bullish reversal post-correction, has emerged on the daily chart. Moreover, the indicator has exceeded the 55EMA, indicating a positive short-term trend with a close above this moving average. In the upcoming period, bullish momentum may propel the Nifty’s rebound towards the 22,300 mark. Additionally, a firm breakthrough above 22,300 could initiate a prolonged rally towards 22,600. Conversely, on the downside, support at a closing basis rests at 22,000.
Stocks to buy: ICICI Bank and DLF looking attractive, here’s why
