Trade Spotlight: Engineers India, CG Power, Shriram Finance, Aurobindo Pharma, Inventurus Knowledge Solutions, and Others Face Key Market Decisions on June 5

Market Closes Flat as Analysts Identify Bullish Opportunities

Equity benchmarks in India recouped their opening losses and remained range-bound for most of the session before closing flat on June 4. Market breadth remained positive, with about 1,608 shares advancing against 1,387 declining shares on the NSE.

Technical Analysis Highlights

Several analysts have identified potential buying opportunities in the market, which could lead to a continuation of the uptrend. Below are some short-term trading ideas to consider:

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Engineers India

Engineers India broke out of a triangular consolidation pattern in April 2026 around the Rs 224 level, followed by a price rally to Rs 267 before retracing toward the breakout zone. The stock found support near the 20-week EMA, indicating underlying strength. On the daily timeframe, the price is trading above all key EMAs, supporting a positive momentum outlook.

Avenue Supermarts

Avenue Supermarts has been trading within a prolonged consolidation range on the daily chart. Recent profit booking from the Rs 4,650 level pushed the price down to around Rs 4,000, retracing nearly 61.8 percent of the rally witnessed in April. The stock found support near a previous gap zone and formed a Harami Cross pattern on June 1, followed by a price advance supported by improving volumes.

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Inventurus Knowledge Solutions

Inventurus Knowledge Solutions continues to maintain a bullish structure by forming higher highs and higher lows. It is currently developing an inverse Head and Shoulders pattern, although a breakout is still awaited. Nevertheless, the overall price structure remains constructive.

Power Finance Corporation

Power Finance Corporation has witnessed a sharp decline from its April highs and has now found support in the Rs 415–420 zone. The stock has since been consolidating in a flag pattern on the daily chart, and in the current session, it is attempting to break out of that consolidation.

CG Power and Industrial Solutions

CG Power is trading at a 52-week high, underscoring the strength of the ongoing uptrend on the daily chart. The stock has registered a sharp upward move in the current session, accompanied by volumes nearly double the recent average, indicating robust buying interest.

TVS Motor Company

TVS Motor has been forming a base near the Rs 3,300 zone, with the stock bouncing multiple times from this level, indicating strong support accumulation. The current session reflects a recovery attempt, with the stock sustaining above the 23.6 percent Fibonacci retracement level.

Shriram Finance

Shriram Finance is showing early signs of bullish momentum after taking support near its 200-day EMA and witnessing a reversal from lower levels, indicating renewed buying interest. Currently trading around Rs 915.80, the stock formed a Dragonfly Doji-like candlestick on the daily timeframe in the previous session.

Aurobindo Pharma

Aurobindo Pharma is showing strong bullish momentum, with a sustained higher high–higher low formation on the daily timeframe following accumulation at lower levels and a weekly range breakout. The stock continues to find support near its 20-day and 50-day EMAs.