Sudeep Shah, the Head of Technical and Derivatives Research at SBI Securities, has identified BSE, PB Fintech, and Paytm as stocks that are expected to experience upward movement in the upcoming trading sessions.
BSE recently broke out from an ascending triangle pattern on a daily scale, with strong trading volume supporting this breakout. PB Fintech has also broken out from a stage-2 cup pattern on a weekly scale, with significant volume confirming this breakout. Shah believes that Paytm will continue to move upwards as long as it establishes higher peaks and troughs. The stock's momentum indicators and oscillators are showing strong bullish momentum, indicating a positive outlook for investors.
Additionally, market watchers are speculating whether the Nifty index will remain rangebound for a few sessions before potentially advancing towards the 25,000-25,200 zone.