DSIJ Mindshare

Torrent Power sparked in Tuesday’s trading session as it informed bourses that it has received an approval from Gujarat Electricity Regulatory Commission (GERC) for the power procurement arrangement of 278 MW between the company's UNOSUGEN Power Plant (capacity of 382.5 MW) and its Licensed Distribution Business for cities of Ahmedabad, Gandhinagar and Surat.

The stock had formed reversal bullish engulfing candle near lower trendline of the rising channel. The bullish engulfing candlestick pattern is considered to be a bullish reversal pattern and usually occurs at the bottom of a downtrend.

Dredging Corporation of India Limited was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

The benchmark indices Sensex and Nifty opened gap down on Tuesday and during the day scaled up continuously to post a steep gain. Reliance Industries and major private banks contributed the most to the index gains.

The Sensex went up by more than 300 points, indicating positive investor sentiments. Following are the stocks to look out on June 26; PVR Ltd, Reliance Industries, Emami Group, IHFL, SpiceJet and Nestle India.