Indian Stocks on the Rise: BlueStone, JSW Infra, and Finolex Shine
The Indian stock market experienced a cautious sentiment on Wednesday despite crude oil prices slipping below $100 per barrel, providing relief to investors and helping the domestic market recover from intraday lows.
According to ETMarkets.com, three stocks stand out for potential investment: BlueStone Jewellery, JSW Infra, and Finolex Cables.
BlueStone Jewellery has regained upward momentum after consolidating in the Rs 820-900 zone and is trading close to its 52-week high zone, indicating a potential breakout setup.
JSW Infra has reversed sharply from range-bound action over the last month and formed a crucial higher bottom reversal pattern at Rs 318 on September 16th. It's attempting to move above the multi-month resistance at around Rs 360-365 levels.
Finolex Cables has been in a strong upside momentum for several months, displaying a bullish pattern of higher tops and bottoms. It's currently in an attempt to break decisively out of its few-weeks range at around Rs 1450-1460 levels, with volume and RSI patterns indicating positive bias.