Balrampur Chini Mills Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

Considering the daily timeframe, the stock of Tata Motors Limited has given a downward sloping trendline breakout along with robust volume. The stock has also managed to close above the upper Bollinger band and started the band walk, which is a very bullish sign.

The stock of Procter & Gamble Health Limited has given an ascending triangle pattern breakout on the daily timeframe. This breakout is confirmed by the above 50-day average volume.

The stock is meeting Daryl Guppy’s multiple moving averages set up rules as it is trading above both the short and long-term moving averages. Interestingly, the RSI has broken out of inverse head and shoulders like pattern, which is a very bullish sign.

India’s largest public sector bank, State Bank of India will report its Q1FY21 result today. Here is a sneak-peek to the stock’s technical position.

The market opened in red on August 7, 2020.