Trade Spotlight: Experts Recommend Buy for Havells, Tata Elxsi, REC, SAIL, Union Bank & More on Jan 6

Business
M
Moneycontrol•06-01-2026, 03:40
Trade Spotlight: Experts Recommend Buy for Havells, Tata Elxsi, REC, SAIL, Union Bank & More on Jan 6
- •Nifty 50 corrected 0.3% on January 5; market breadth favored bears, potentially range-bound below Monday's high.
- •Experts recommend 'Buy' for several stocks including Varun Beverages, Havells India, IREDA, Tata Elxsi, Marico, UPL, REC, SAIL, and Union Bank of India.
- •Varun Beverages shows trendline/triangle breakout; Havells India exhibits RSI/price trendline breakout, both with bullish MACD.
- •IREDA formed a double-bottom pattern; Tata Elxsi saw a strong falling trendline breakout with short covering.
- •Marico broke sideways consolidation; UPL confirmed multi-year breakout; REC, SAIL, Union Bank show bullish patterns like triangular consolidation, higher bottoms, and Cup & Handle.
Why It Matters: Experts advise 'Buy' for multiple stocks like Havells, Tata Elxsi, REC, SAIL, Union Bank on Jan 6.
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