1. Stock name: Five-Star Business Finance Ltd.

Pattern: Cup and handle pattern

Time frame: Daily

Observation:

Listed on NSE on November 21, 2022, the stock initially climbed, but corrected from January 2023 for a few trading sessions. Within this timeframe, a bullish cup and handle pattern emerged on its daily charts. The breakout from this pattern occurred on July 26, 2023, accompanied by significant trading volumes. The stock has since maintained an upward trajectory in subsequent sessions. According to technical analysis, if this momentum continues, the stock may move further upwards.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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2. Stock name: FDC Ltd.

Pattern: Double bottom pattern

Time frame: Weekly

Observation:

Around June - July 2021, the stock reached its peak and subsequently entered a downtrend. Following February 2022, there was a period of consolidation in the price, during which the stock formed a double bottom pattern on its weekly charts. In the beginning of July 2023, the stock experienced a breakout from this pattern, followed by a retest of the breakout level in the subsequent trading sessions, maintaining its upward trajectory. As per technical analysis, if the current momentum continues, the stock may continue further in an upward movement.

You may add this to your watch list to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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2) JSW Steel and JFE Steel Corporation of Japan join forces to form a 50:50 joint venture in India for manufacturing CRGO steel, a vital component used in transformers for electricity generation and distribution. JFE is an existing shareholder in JSW Steel, owning 15 percent of the company.

3) Tata Power Renewable Energy (TPREL) signs PPAs with Maharashtra State Electricity Distribution Company (MSEDCL) for 200 MW and 150 MW solar projects in Maharashtra, aiding the state's renewable energy goals and contributing to climate change mitigation. TPREL's total renewables capacity reaches 7,783 MW, with 4,118 MW already installed and an additional 3,665 MW under various stages of implementation.