Trade Spotlight: How should you trade Dixon Technologies, SBI, Adani Energy Solutions, Infosys, Bank of India, and others on May 26?

About this update from Dixon Technologies (india) Ltd.

The benchmark indices rallied more than 1.3 percent on May 25, extending their upward move for a second consecutive session. Market breadth strongly favoured the bulls, with 2,054 shares advancing against 942 declining shares on the NSE. Market momentum is expected to remain positive amid hopes of a US-Iran peace deal. Below are some short-term trading ideas to consider:Jigar S Patel, Senior Manager - Equity Research at Anand RathiAarti Industries | CMP: Rs 482.6Aarti Industries has recently witnessed a strong breakout above its major Yearly Camarilla (R4) and Floor Pivot resistance levels (R1) on the monthly chart. Importantly, the stock has also successfully retested the breakout zone, which is now expected to act as a strong support area going forward.Momentum indicators continue to remain favourable, with MACD, RSI, and DMI all indicating positive strength and improving bullish momentum. Traders may consider entering long positions in the Rs 485–475 zone, with a target of Rs 550.Strategy: BuyTarget: Rs 550Stop-Loss: Rs 435Dixon Technologies | CMP: Rs 11,824Dixon Technologies has witnessed a strong bullish breakout after surpassing its previous swing high (B point) on a closing basis, as depicted in the chart. With this breakout, the stock appears to be progressing toward the completion of a bullish AB=CD pattern, wherein the projected D point is placed near the Rs 13,000–12,950 zone.Momentum indicators continue to support the positive outlook, with RSI, MACD, and DMI all indicating strengthening bullish momentum and an improving trend structure. Considering the overall technical setup, traders may consider buying in the Rs 11,850–11,650 zone, with a stop-loss at Rs 11,000. On the upside, the stock has the potential to move toward the Rs 13,000 target in the coming weeks.Strategy: BuyTarget: Rs 13,000Stop-Loss: Rs 11,000Bharat Electronics | CMP: Rs 421.85Recently, Bharat Electronics formed a strong base near the Rs 405–410 zone, which coincides with the 78.6 percent retracement level and the 1.618 extension level, as highlighted in the chart. This confluence of technical levels suggests the presence of a strong support area.Moreover, momentum indicators such as MACD and RSI indicate exhaustion at lower levels, suggesting that selling pressure may be gradually weakening. The stock is also showing signs of stability around the support zone, which could p...

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