TREND UPDATES  17.07.25	10.10 AM

TREND UPDATES 17.07.25 10.10 AM

By CKN Staff

July 17, 2025

Balkrishna Ind, Indigo, Indusind Bk, Tata Tech all moved out of uptrends into the Gray list, implying loss of trendiness in these names.
Intersting to note that all Indices (Nifty, Bank Nifty, Sensex, FinNifty, Midcap, Next50) have all moved to gray. This shows that market as a whole has lost forward momentum across a wide front. Stock breadth today as per Neotrader is equally divided.

Bosch is currently the best (age 6) with a buy signalled at 36150 and is currently clocking a reward of about 6-7% as of yesterday.
Torrent Pharma still flies the flag for pharma and is being joined by Auropharma.
In real Est Lodha is doing well with buy that came in 4 sessions ago around 1415 and now trading 1445-50 areas.
Dixon is at age 6 but seen struggling. Stops should be tightened. Stock is up around 4% since the signal appeared.
Patanjali (age 4) ciontinues to do well despite having added nearly 10% from entry signal near 1700. System stop is 1809 but you may consider moving it higher as well to around 1840.
PPL Pharma has started edging higher now as age count is now to 3. Hold long.

In WellSet bear, IT majors TCS and HCL Tech continues to fall.
ABB, Siemens, BDL, LTF still look set to continue so hold short if done.
Moving out of bearish pressure are Dr Reddy, Hindalco, Tata Consumer, L&T, Jsw Steel MazDock etc.
JioFin is in the bearish list and results are due today. So can keep watch. If disappointments occur, it can go deeper into red trend.

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