Interesting Charts on Radar – June 2023

Nifty 50 Equal Weight

Nifty Equal Weight at a New All-Time High suggests that the breadth is good


Apollo Hospitals

Consolidation breakout above 4750-4800

Monitor selling by Touchstone Sands Capital Emerging Markets Growth Fund (Reducing QoQ) - 1.13% equity left


DCB Bank

Previous support acting as resistance, breakout above 115-120


Dynamatic Technologies

Multi-year high breakout at 3400-3500


Electrosteel Castings

Turnaround stock – Breakout above 45-47 levels


Healthcare Global

Cup and Handle breakout above 315-325


Hero Moto Corp

2-year consolidation breakout above 2850-2950.

Underperformer since a decade


Indraprastha Medical Corp

Cup and handle breakout above 90-92


RBL Bank

Small breakout at 162; Confirmation of a bigger move above 180


Satin Credit Care

Breakout at 175-180


Spandana Sphoorty

2 years of sideways consolidation, Buzz of big promoter block


Suryoday Small Finance Bank

Initial breakout at 130, Near the same levels as previous support zones, Breakout above 150-155


Uno Minda

Stock in sideways consolidation. Breakout above 570-575


Interesting Sectoral Trends

Hospitals coming on the radar. Earlier we had covered Hotels which is still in a nice trend.

Financials. NBFCs,MFIs, Small Banks. Earlier we had covered Banks in June and NBFCs before this. Now MFIs coming up.

Stock Specific Breadth Strong across Smallcaps/Midcaps.

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