Indian equity markets have remained volatile in February, with the Nifty 50 swinging nearly 1,800 points between 24,572 and 26,341. Despite the turbulence, the benchmark index is up 1.3% so far this month, while broader markets have outperformed. The Nifty MidCap 150 has gained 2.5% and the Nifty SmallCap 250 is up 2.2%. Amid stock-specific action, analysts highlight breakout opportunities in select counters.
Torrent Pharmaceuticals has surged nearly 8% in February, breaking above the key ₹4,200 resistance and trading near its 52-week high. The stock remains above its 50-day moving average of ₹4,014, with analysts expecting a move toward ₹4,400–₹4,550 as long as it sustains above ₹4,150.
Graphite India has rallied over 11%, delivering a decisive breakout above ₹640–₹650 after months of consolidation. With momentum indicators supporting the trend, the stock could advance toward ₹710–₹730 if it holds above ₹640.
Meanwhile, AU Small Finance Bank is consolidating within a symmetrical triangle pattern. A breakout above ₹1,050 with strong volumes may trigger a rally toward ₹1,060–₹1,090, offering a potential 9% upside.
Analysts suggest selective buying on dips as technical setups remain constructive despite broader market swings.
