BUSINESS
Inverse Head & Shoulder Pattern suggests buying opportunity in State Bank of India
State Bank of India is trading in an upmove while forming Inverse Head & Shoulders pattern and this pattern will be completed on a close above Rs 206 mark.
BUSINESS
Nifty may touch 12,150, bet on these 3 stock ideas for 11-23% return
The crucial supports during any correction would be provided by 20-DMA placed at around 11,800 and 5- DMA standing around 11,730, says Shabbir Kayyumi of Narnolia Financial Advisors Ltd. .
BUSINESS
Rectangle pattern suggests buying opportunity in Canara Bank
Recommend buying Canara Bank only above Rs 93.50 levels with a stoploss of Rs 90.50 on a closing basis, says Shabbir Kayyumi of Narnolia Financial Advisors.
BUSINESS
Hot Stocks | Axis Bank, Exide, L&T three buy calls for short term
The Nifty has managed to close above the inverse head and shoulders neckline and the target, as per the pattern, is 11,800, which can be achieved if it sustains above 11,150 levels.
TECHNICALS
Principle of Polarity suggests buying opportunity in Adani Ports: Shabbir Kayyumi
The Principle of Polarity states that once a resistance level is breached, it changes its nature and becomes support the next time it is approached. This happens due to a change in demand and supply.
BUSINESS
Deploy 'sell on rally' strategy till Nifty closes above 11,350; bulls likely to boost Tata Steel
Overall, Nifty can trade in a range of 20 DMA standing around 11,350 mark and 200 DMA placed near 10,800 levels for the coming week.
BUSINESS
Story in a chart: Supply & demand zone studies suggest buying opportunity in Larsen & Toubro
L&T is currently near the demand zone and chances of a reversal are very high.
BUSINESS
Bullish breakout for Nifty possible on decisive close above 11,600; 3 stocks that can give up to 20%
The Bank Nifty traded with a negative tone but has managed to sustain above the crucial 22,000-mark.
BUSINESS
Story in a chart: Rising Channel pattern in IndusInd Bank suggests a buying opportunity
This stock is currently rising in the channel and its lower trend line, which is currently placed around Rs 560, has acted as support many times.
BUSINESS
'Buy on dips' as long as Nifty holds 11,200; Canara Bank among 3 stocks for short-term: Shabbir Kayyumi
The banking index is trading in a rising channel and currently, it is trading near its lower trend line which increases chances of taking support near 22,000.
BUSINESS
Story in a chart: Harmonic pattern in Bharti Airtel suggests buying opportunity
Narnolia Financial Advisors recommend buying Bharti Airtel at around Rs 490 with a stop loss of Rs 455 for higher targets of Rs 550.
BUSINESS
Cup & Handle pattern in Ujjivan Financial suggest buying opportunity
Short- term moving average 20 DMA defines short-term trend which is providing support to buyers as prices as it is sustaining and trading above it at Rs 360 marks.
BUSINESS
Inverse Head & Shoulder pattern in GAIL suggest buying opportunity
GAIL (India) is trading above strong resistance line standing around Rs 126 levels indicating strong bullish bias to continue further.
BUSINESS
Why Dr Reddy's and DCM Shriram are among top 5 short-term trading ideas
A fresh trend in Bank Nifty can emerge only beyond 30200 on the higher side and below 29500 on the lower side.
BUSINESS
'Uptrend in Nifty may continue in mid term; range for Bank Nifty is 30,600-29,700'
Nifty is also trading above its two major simple moving averages 100-DMA and 200-DMA that are rising and placed around 11,000. The crossover between them hints at strong uptrend in mid-term
BUSINESS
Technical Classroom: Actionable trading plan for measuring gaps and island reversal
Measuring gaps are formed during continuation of a rally and are called ‘continuation gap’. This gap gives good trading opportunity particularly if the measuring gap has come after a breakaway gap.
