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The Indian market fell for the third straight day as traders preferred to book profits amid expensive valuations.The S&P BSE Sensex fell nearly 400 points while the Nifty50 managed to hold on to 22,300 levels."Despite positive global cues, the domestic market continued to consolidate. The domestic market is witnessing profit booking due to various factors, including a low turnout in the ongoing election and premium valuations," said Vinod Nair, head of research at Geojit Financial Services.Sectorally, buying was seen in FMCG, IT and technology stocks while selling was visible in public sector, utilities and realty stocks.Stocks that were in focus on Tuesday include names like Godrej Consumer which was up over 5%, CG Power and Industrial Solution which closed with gains of over 4% to hit a fresh high and Godrej Agrovet which pared gains after hitting fresh 52-week high on Tuesday.We have collated a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout.We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view. Here’s what analyst Priyanka Limaye (CA , CMT) had to say:Godrej Consumer Products: CMP 1,322| BuyThe stock was in a consolidation zone for almost 4 months. On Tuesday, it gave a very good range break out with absolutely good volumes.The Relative Strength Index (RSI) has also entered a super bullish zone. MACD, Stochastic indicators, suggests momentum is on the upside. We expect the stock to touch 1425,1453,1496 in a short to medium time frame. 109925893CG Power & Industrial Solutions: CMP 570| BuyThe stock was in a double consolidation zone for the last 6 months. On Tuesday, it gave a breakout from the consolidation zone with good volumes and the RSI has also entered a super bullish zone.We expect the stock to test 615 and 645 in the short-term. If the stock sustains above 645, the stock can head towards 730 levels. 109925934Godrej Agrovet: CMP 562The stock has seen a profit booking reaction after it hit its 52-week high on Tuesday. It needs to sustain above 571 on a closing basis to clear Tuesday's high of 594.A close above 594 could take the stock towards Rs 650-660 zone. The level of 550 is likely to act as a strong support zone for the stock. 109925869(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

Nity on Tuesday ended 140 points lower to form a long negative candle pattern with a minor lower shadow on the daily chart and found support around the 50-day exponential moving average at 22,240 levels.The lower tops and bottoms on the daily chart are intact and the present weakness could be in line with the new higher bottom formation of the pattern. The higher bottom reversal needs to be confirmed with an upside bounce from the lows. Immediate resistance is at 22400 levels and the next lower levels to be watched are around 22100-22000, Nagaraj Shetti of HDFC Securities said.OI data showed that on the call side, the highest OI was observed at 22500 followed by 22600 strike prices while on the put side, the highest OI was at 22000 strike prices.What should traders do? Here’s what analysts said:Jatin Gedia, SharekhanOn the daily charts, we can observe that Nifty has broken down the Inside Bar pattern on the downside indicating range breakdown. We believe that Nifty is heading towards the lower end of the rising channel placed at 22150. The index has closed below the 20 (20444) and 40 (22311) day moving averages which is a sign of weakness. The daily momentum indicator has a negative crossover which is a sell signal. Thus, considering the above parameters we expect the Nifty to trade weak over the next few trading sessions.Rupak De, Senior Technical Analyst, LKP SecuritiesTechnically, the trend has weakened as the index fell below the 21EMA. A Head and Shoulders pattern is visible on the hourly chart, with the index currently sustaining below the neckline, indicating a bearish formation. Further selling pressure is anticipated, possibly extending towards 21980-22000 in the short term, as long as it remains below 22400.Tejas Shah, Technical Research, JM Financial & BlinkXThe indicators are in the oversold zone on hourly charts and hence there is a strong possibility of recovery from the support levels in coming days. Supports for the Nifty are now seen at 22,200-250 and 22,000 levels. On the higher side, the immediate resistance zone for Nifty is at 22,500-600 levels and the next resistance is at 22,800 mark.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)