S&P BSE Sensex Although it fell more than 100 points, Nifty 50 It managed to maintain the 22,200 level until the end of the trade.
Buying was seen by sector. Public institutionpower, and capital goods stocks On the other hand, selling was seen in the banking, automobile, and consumer goods sectors.
Stocks to watch on Wednesday include the following names: Thermax It rose more than 8% to a new all-time high. siemens increased by more than 7%, adani power It closed up nearly 2%.
We've compiled a list of 3 stocks that hit new 52-week highs, hit new all-time highs, or saw volume or price breakouts. We spoke to analysts to find out what they think these stocks should look like in the next business day. From a completely educational point of view: Analyst Sanket Thakar (CMT, Founder, Alpha Bot Capital) commented:
Thermax
Thermax is trending higher on both the intraday and position timeframes after rising on Wednesday. symmetrical triangle pattern.
It is expected to head towards the upper resistance of the trendline at the 5,460 level in the coming days. The following support is located at the lower trendline level 4,586.
![Thermax Thermax](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
![Thermax Thermax](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
siemens
Siemens has been on a strong upward trend for some time now. It has achieved all the objectives of previous intraday chart patterns, and this level could attract profit-taking from short-term traders.
In the next few days, Fibonacci levels 6,959-6,787 and a slight decline at the 6,650 level are possible. For positional and long-term investors, the trend remains positive and upward.
![siemens india siemens india](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
![siemens india siemens india](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
adani power
Adani Power has made another breakout on the intraday chart, hitting an all-time high, hinting at further upside potential.
Near-term targets are 656 and 676, with support placed below the 570 level.
![Adani Power (2) Adani Power (2)](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
![Adani Power (2) Adani Power (2)](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
(Disclaimer: Recommendations, suggestions, views and opinions given by experts are their own. They do not represent the views of Economic Times)