DSIJ Mindshare

At the time of writing, SGX Nifty was up by 33 points at 11,958 level, which suggests Nifty may open with marginal uptick. Investors will watch out for Nikkei manufacturing PMI for May, while auto sales numbers for the month of May can cause some swings in auto stocks.

Indian indices ended the week on with volatile trading on Friday. The Indian benchmarks, Nifty and Sensex ended Friday’s trading session lower by 23 points and 117 points, respectively, after a strong opening session. 

The stock of V-Guard Industries Limited has given symmetrical triangle breakout on the weekly time frame along with robust volumes. Additionally, the stock formed a sizeable bullish candle on the breakout week, which adds strength to the breakout.

The stock of Syngene International has given ascending triangle breakout on a weekly scale. This breakout was confirmed by the above 50-week average volumes. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern.