com|Sep 06, 2026, 04:57:07 PM IST1/3Stock IdeasIndian equities witnessed a relief rally on Friday as concerns over an imminent US Fed rate hike eased. However, gains remained capped due to profit booking at higher levels and persistent geopolitical tensions in the Middle East.

Analysts say strong earnings momentum, resilient economic growth, and robust domestic demand continue to underpin investor confidence in the broader market. 08%).

Backed by key short-term EMAs, expanding trade volume, and an RSI turning sharply upward toward 65, the structure signals strong upside momentum toward higher levels. Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio3/3Emcure Pharma - Buy Buying Zone: 1927-1935 | Stop-loss: Rs 1870 | Target: Rs 2050 Emcure Pharmaceuticals Limited has bounced sharply off its 20-day EMA support around 1,870 on the daily chart.

Supported by sustained alignment above long-term moving averages, an expanding daily volume bar, and a quick RSI reversal from 40 toward 60, the setup points to a strong continuation rally toward previous peak resistance.