Alexander's 15min Chart Signals Bullish Trend with KDJ Golden Cross

According to the 15-minute chart of Alexander'S, the recent KDJ Golden Cross and Bullish Marubozu at 07/07/2025 15:00 indicate a shift in the momentum of the stock price towards an upward trajectory. This suggests that the buyers are currently in control of the market, and there is a high likelihood that the bullish momentum will continue.

Analysts are increasingly optimistic about select FMCG, banking, and IT companies as the earnings season approaches, with early signs of breakouts in stocks such as Hindustan Unilever (HUL), Nestle, Axis Bank, and large-cap IT stocks [1]. Here’s a breakdown of their recommendations:

Hindustan Unilever (HUL)
HUL shares have shown a 3% increase, reflecting the positive trend across other FMCG stocks. The stock is trading above its 20-day Exponential Moving Average (EMA) [1]. SEBI-registered analyst Sameer Pande noted that the stock was showing a positive breakout on Supertrend, supported by an RSI of around 64. He sees resistance around ₹2,550 and support around ₹2,300, with a target of ₹2,530 and a stop-loss at ₹2,280 by August 20 [1]. Financial Independence also identified a short-term trading opportunity, suggesting a Buy Today, Sell Tomorrow (BTST) strategy for tomorrow if the stock moves above ₹2,416 [1].

Axis Bank
Axis Bank’s chart structure highlights price stability above key demand and retest zones, with its 50-day EMA at ₹1,184 and the 200-day EMA at ₹1,135 [1]. Analyst Dhruv Tuli noted that a falling wedge in the RSI indicates a potential breakout, with a break above ₹1,250 signaling bullish continuation and a break below ₹1,130 invalidating the current range setup [1].

Nestle India
Nestlé India has been underperforming lately, trading 14% below its 52-week high with low volumes. Despite this, its fundamentals remain strong with a high return on equity and the approval of a 1:1 bonus issue [1]. Financial Independence advises traders to watch for a breakout above ₹2,450 as a sign of recovery, with sentiment remaining muted until then [1].

Technology Stocks
Analysts also recommend adding IT stocks to the watchlist, highlighting that many IT stocks are forming base patterns or showing early signs of recovery. Valuations have cooled off post-correction, and with the earnings season around the corner, it may trigger sectoral moves. Large-cap stocks like TCS, Infosys, and LTI Mindtree, as well as some mid-cap stocks, are suggested for breakout setups and higher beta trades [1].

References:
[1] https://stocktwits.com/news-articles/markets/equity/hul-axis-bank-nestle-tcs-among-top-nifty-picks-according-to-sebi-ras/chFtLRFR5dZ