Despite broader market weakness with benchmark indices declining for the second consecutive day, technical analysts have identified two stocks showing strong bullish breakout patterns. The Nifty has slipped below the 21 EMA on the hourly chart, indicating increased bearish sentiment, yet selective stocks continue to demonstrate positive momentum.

Market Overview

Rupak De, Senior Technical Analyst at LKP Securities, noted that the slip below 21 EMA indicates rising bearish bets after a rangebound phase. The RSI shows a bearish crossover with weakening momentum, though the Nifty found support near the 26,000 level where the 21 EMA is positioned. The trend may improve toward 26,200 and higher if 26,000 holds decisively, while a sustained move below could trigger further weakness.

NBCC Technical Breakout

NBCC has delivered a strong bullish breakout, demonstrating significant technical strength despite market headwinds. The stock closed at ₹122.06 with a sharp 5% upward move, confirming an upside resolution from the rising channel pattern.

The stock is trading comfortably above key short and medium-term moving averages, indicating strong trend momentum. The RSI near 64 reflects healthy momentum without entering overbought territory. Volumes have expanded on the breakout, validating buyer participation and supporting the bullish thesis.

Dalmia Bharat Recovery Pattern

Dalmia Bharat has witnessed a constructive rebound, closing at ₹2,160.60 with a decisive bullish candle formation. The stock has successfully held above the 200-DMA and reclaimed key short-term EMAs, indicating trend revival after the recent corrective phase.

The RSI has moved up to around 66, reflecting strengthening momentum without being overbought. The improving price structure suggests a higher-low formation in the short term. A sustained move above the ₹2,180-₹2,200 resistance zone can accelerate upside traction.

Technical Analysis Summary

Both stocks demonstrate strong technical fundamentals despite broader market weakness. Key factors supporting the bullish outlook include:

• Volume confirmation: Expanded volumes on breakout patterns
• Moving average support: Trading above key technical levels
• Momentum indicators: RSI levels indicating healthy momentum
• Pattern completion: Clear breakout from consolidation phases

Kunal Kamble, Senior Technical Research Analyst at Bonanza Portfolio, emphasizes that both recommendations maintain positive structure as long as stocks hold above their respective support levels and recent swing lows.

NBCC (India) Limited has successfully resolved a long-standing land dispute with the Government of National Capital Territory of Delhi (GNCTD), securing a valuable 21.23-acre parcel in Ghitorni, south Delhi. The company announced on Friday that it plans to develop a mixed-use real estate project on this prime land with an estimated revenue potential of ₹8,500 crore.

Settlement Terms and Financial Structure

The settlement resolves litigation over a 42.46-acre land parcel in Sultanpur/Ghitorni village, with both parties agreeing to an equal division. NBCC will pay a total of ₹220 crore to the Delhi government as part of the comprehensive agreement.

Land Allocation Details

The dispute resolution framework ensures equitable distribution of the contested property between NBCC and the Delhi government.

Project Development Specifications

The company has outlined ambitious development plans for its allocated land parcel, with significant revenue potential and substantial built-up area. The project will comply with Delhi's urban planning framework and zoning regulations under the Master Plan for Delhi (MPD-2021).

Legal Framework and Next Steps

The Government of NCT Delhi will execute a perpetual lease deed in favor of NBCC, establishing clear legal ownership and comprehensive development parameters. The settlement grants NBCC full development rights in accordance with Master Plan for Delhi (MPD-2021), including permissions for sub-leasing arrangements and mixed-use development under city zoning regulations.

The settlement will be submitted before the High Court of Delhi, with NBCC filing an application for withdrawal of the writ petition. This resolution removes a significant legal overhang while providing the company with valuable development assets in Delhi's expanding urban landscape, converting potential liabilities into substantial development opportunities for the project management consultancy and real estate company.