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The stock also formed bullish candlestick pattern with long lower shadow on the monthly charts, indicating buying at lower levels, with continuing higher highs formation for fifth consecutive month.

On the monthly charts, it has rallied nearly 30 percent in the current month and formed a strong bullish candlestick pattern with significantly higher volumes

Finolex Industries' stock price rose by 14% in a month, hitting a fresh 52-week high in May, and chart patterns suggest that the rally may not be over yet. Traders can buy the stock for a target of Rs 230 in the next 1-2 months, according to experts. The momentum helped the stock hit key moving averages, the Relative Strength Index is placed at 67.7, and MACD is above its center and signal Line, all positive indicators for the bulls. The stock has been in an uptrend since October 2022, and it recently broke out from a Descending Triangle pattern with strong volumes.

Elgi Equipments has formed robust bullish candlestick pattern on the daily scale with significantly higher volumes. In fact, the stock has seen not only downward sloping resistance trendline breakout but also Mother candle breakout on the daily charts.

Craftsman Automation has maintained formation of the Higher high & Higher Low since April 2021. In the first week of May 2023, the stock gave a breakout of the Descending Triangle pattern, indicating continuation of the prior uptrend.

Bajaj Finance's stock price has broken out of the double bottom pattern on weekly charts, suggesting a rise towards the INR 7,600 level in the short term, according to experts. The experts recommend buying the stock now or on a dip down to INR 6,500 for short-term traders. The stock price is trading well above important short and long-term moving averages on daily charts, indicating bullish sentiment, but is also near overbought levels, suggesting a potential pullback.

Zensar Technologies has seen a strong buying interest, rising 13 percent to Rs 384.15, the highest closing level since April 8 last year, and formed robust bullish candlestick pattern on the daily charts, with significantly higher volumes on last both trading days.

Suprajit Engineering now for the first time has got into formation of the Higher high & Higher Low post the Rally from January 2022. This illustrates the positive undertone of the prices.

Shares of TVS Motor Company could see an uptick towards Rs 1,400 level according to experts, following a breakout from a Rectangle pattern on the weekly charts.

CSB Bank has formed bullish candlestick pattern on the daily scale, with making higher high higher low formation, as it rose over 4 percent to Rs 291.35, but still traded within the range of April 28.

In the latest week, Aditya Birla Capital has given a breakout of Rounding pattern, indicating a continuation of the trend to the upside.

The trading volumes remained strong for yet another session and the stock is few rupees away from its previous swing high or 52-week high of Rs 91.55 in December last year.

Now the stock is few rupees away from its 200-day EMA which is placed at Rs 62.34 on the daily scale, which experts feel may easily surpass in coming sessions considering the current momentum.