- Broad market breadth shows 1,826 advancers vs 1,100 decliners – a bullish imbalance.
- Eight stocks exhibit clean chart patterns (rising channel, cup‑and‑handle, EMA crossovers) that historically precede 8‑15% moves.
- Sector momentum: FMCG, banking, autos, and tech are all riding the same up‑trend wave.
- Key support‑resistance zones are mapped; stop‑losses are tight, making risk‑reward ratios 2:1 to 3:1.
- Both bull and bear scenarios are outlined so you can adjust position size on the fly.
You missed the last market surge, and now a fresh wave of bullish setups is forming.
Why the NSE's 0.3% Gain Signals More Upside
The benchmark indices closed 0.3% higher on February 10, extending a three‑day winning streak. More important than the headline number is the market breadth: roughly 1,826 stocks advanced while only 1,100 fell. Such a positive breadth ratio often precedes a continuation phase, especially when the rally is supported by strong volume and macro‑friendly cues (stable CPI, easing credit conditions).
Historically, a three‑day rally with a breadth ratio above 1.6 has delivered another 4‑6% run in the next two weeks for Indian equities. That backdrop sets the stage for the eight stocks below, each aligning with sector‑wide tailwinds.
PVR Inox – Rising Channel Play
Technical view: The daily chart sits in a classic rising channel, posting higher highs and higher lows. The Relative Strength Index (RSI) is climbing above the 50‑level, hinting at sustained momentum.
Sector angle: Cinema chains benefit from rising disposable income and a post‑pandemic footfall rebound. Comparable peers like INOX Leisure have posted double‑digit gains after breaking similar channels.
Key levels: Entry at ₹1,035; Target ₹1,150; Stop‑Loss ₹1,035. Risk‑reward ≈ 2.5:1.
DCB Bank – Bullish Continuation Pattern
The bank’s chart forms a bullish pennant after a sharp up‑move, a pattern that historically yields 7‑10% gains within 5‑10 sessions. Volume is expanding, confirming buyer interest.
Banking sector: PSU and private banks are riding a credit‑growth wave, supported by RBI’s accommodative stance. DCB’s loan‑book growth outpaces peers like IDFC First.
Key levels: Entry above ₹191; Target ₹214; Stop‑Loss ₹191.
TVS Motor Company – Cup‑and‑Handle Breakout
After a short‑term correction, TVS formed a clean cup‑and‑handle on the daily chart. Breakouts from this pattern have a 70% success rate in Indian midsize caps.
Auto sector: Two‑wheel demand is accelerating due to lower fuel prices and urbanization. Competitors like Hero MotoCorp are also charting higher, indicating sector‑wide strength.
Key levels: Entry above ₹3,620; Target ₹4,020; Stop‑Loss ₹3,620.
Hindustan Unilever – Inverted Head‑and‑Shoulders Reversal
The FMCG giant broke out of an inverted head‑and‑shoulders, a reversal pattern that historically precedes 12‑15% moves for consumer staples.
Volatility cue: The stock breached the upper Bollinger Band, indicating expanding price action and buying pressure.
Key levels: Entry on dips near ₹2,340; Targets ₹2,560 and ₹2,630; Stop‑Loss ₹2,340.
Birlasoft – EMA Golden Cross & Cup‑and‑Handle
Since June 2025 the software firm has been carving a larger cup‑and‑handle. Yesterday it closed above the neckline at ₹462, and the 45‑day EMA crossed above the 200‑day EMA – a “golden cross” that signals a shift to bullish trend.
Tech sector: Indian IT services are gaining export orders as global firms outsource digital transformation, mirroring gains in Infosys and TCS.
Key levels: Entry above ₹470; Target ₹515; Stop‑Loss ₹445.
Indian Bank – Fibonacci‑Based Rebound
Indian Bank respects a 30‑day EMA near ₹860‑₹865, which coincides with the 38.2% Fibonacci retracement of its recent rally. The stock jumped 6% off that zone, a classic “buy‑the‑dip” signal.
PSU banking trend: Government banks are benefitting from priority sector lending mandates and higher NPA recoveries, as seen with Bank of Baroda’s recent bounce.
Key levels: Entry above ₹875; Targets ₹951 and ₹990; Stop‑Loss ₹875.
Bajaj Auto – Multi‑EMA Alignment
The two‑wheeler leader now trades above its 20‑, 50‑, 100‑, and 200‑day EMAs, all sloping upward. Such alignment across timeframes is a strong bullish confirmation.
Auto industry: Two‑wheel sales are projected to grow 9% YoY, with Bajaj’s export market expanding faster than domestic peers.
Key levels: Entry on dips near ₹9,740; Target ₹10,150; Stop‑Loss ₹9,470.
Bharat Electronics – Symmetrical Triangle Breakout
BEL completed a symmetrical triangle breakout a fortnight ago, a pattern that typically yields 5‑8% moves. Volume surged on the breakout, confirming conviction.
Defense sector: Government procurement budgets have risen 12% YoY, providing tailwinds for BEL and peers like HAL.
Key levels: Entry near ₹432; Target ₹452; Stop‑Loss ₹424.
Axis Bank – Cup‑Type Formation Post‑Results
Following a robust earnings report, Axis formed a rounding cup pattern and broke out with higher volume. The stock stays above all major EMAs, reinforcing the uptrend.
Banking outlook: Net interest margins are stabilizing, and Axis’s asset‑quality metrics are improving faster than many peers.
Key levels: Entry around ₹1,345‑₹1,356; Target ₹1,420; Stop‑Loss ₹1,317.
Investor Playbook – Bull vs. Bear Cases
Bull Scenario: If the NSE maintains positive breadth and the macro backdrop stays supportive, the eight stocks can collectively deliver a 10‑15% rally over the next 2‑3 weeks. Position sizing at 3‑5% of portfolio per name, using the stop‑losses above, yields an overall risk‑adjusted return above 20% annualized.
Bear Scenario: A sudden spike in global risk aversion (e.g., geopolitical tension) could trigger a rapid retracement. In that case, tighten stops to the nearest support (as listed) and consider moving to cash or defensive ETFs until breadth normalizes.
Bottom line: The technical setups are clean, sector fundamentals are upbeat, and the market’s breadth is on your side. Align your entry with the levels above, respect the stop‑losses, and you’ll be positioned to capture the next leg of India’s equity surge.