BUSINESS
Trade Spotlight | What should you do with IRB Infra Developers, Tata Steel, Jindal Stainless on Tuesday?
IRB Infrastructure Developers shares gained 8 percent to end at record closing high of Rs 314 and formed strong bullish candle on the daily scale with healthy volumes, making higher high higher low for second consecutive session.
BUSINESS
Hot Stocks | Bet on Jindal Stainless, Kirloskar Ferrous, SBI for 15-25% return in short term. Here's why
Looking at a broader picture of SBI, Vidnyan Sawant of GEPL Capital observes that the correction post November 2021 the stock did not get into Lower Low, Lower High formation, this shows positive under tone of the prices.
BUSINESS
Trade Spotlight | What should you do with Poonawalla Fincorp, Kalyan Jewellers, PNB on Tuesday?
Poonawalla Fincorp surged 14 percent to Rs 280.5 and formed big bullish candle on the daily charts, in fact engulfing both previous red candles, with large volumes. The stock has seen a decisive breakout of big horizontal resistance trend line adjoining February 16 and December 23.
BUSINESS
Hot Stocks | Bet on Cipla, UTI AMC, Abbott India for double-digit healthy return in short term. Here's why
Cipla has given a breakout of downward slopping trend line with volume confirmation indicating positive strength of the stock.
BUSINESS
Hot Stocks | Hindalco Industries, Apollo Tyres, UltraTech Cement can give 12-19% return in short term, here's why
Hindalco Industries has given a breakout of Ascending Triangle pattern on the weekly time frame. The RSI plotted on the weekly and the daily time frame can be seen placed above the 55 mark, indicating expanding bullish momentum in the prices.
BUSINESS
Trade Spotlight | What should you do with Rallis India, Redington, Yes Bank on Tuesday?
Yes Bank remained in focus, rising 7 percent to Rs 21.1, the highest closing level since July 13, 2020. It has seen another large bullish candle on the daily charts with robust volumes, especially after decisively breaking out of long horizontal resistance trend line adjoining August 2, December 2 and December 6 this year.
BUSINESS
Hot Stocks | Strong double-digit gains in Redington, M&M Financial Services, Dabur possible in short term. Here's why
Dabur India prices on daily timeframe are continuously hovering around the upper Bollinger Band which tells that the volatility of the prices are rising for upmove.
TECHNICALS
Trade Spotlight | What should you do with Sharda Cropchem, JK Lakshmi Cement, Finolex Industries on Tuesday?
JK Lakshmi Cement shares jumped more than 10 percent to end at record closing high of Rs 825.35 and formed robust bullish candle on the daily charts with healthy volumes. It has been making higher highs for 10th consecutive session.
BUSINESS
Hot Stocks | Persistent Systems, GMR Infrastructure, UltraTech Cement can give 11-19% return in short-term; here's why
Looking at the ratio charts of Persistent against the Nifty IT index, we can spot the stock since mid-2019 has most of the time outperformed the benchmark. Persistent in the latest week has given a breakout from the double bottom pattern, indicating beginning of the trend to the upside.
BUSINESS
Trade Spotlight | What should you do with Tanla Platforms, Apollo Tyres, Delta Corp on Tuesday?
Delta Corp climbed 5 percent to Rs 232, the highest closing level since May 24 this year, and formed long bullish candle on the daily charts with above average volumes. Also there was a breakout of more than a month-long consolidation.
BUSINESS
Hot Stocks | FACT, RCF, Kirloskar Ferrous Industries can deliver 19-31% return in short term, here's why
RCF is at 52-week high level indicating strong price momentum and room to move higher. The stock has given a multi-year breakout which points towards the beginning of a fresh trend on the upside.
BUSINESS
Trade Spotlight | What should you do with Jindal Stainless, Escorts Kubota, Finolex Cables on Tuesday?
Finolex Cables was also in focus, rising nearly 7 percent to Rs 567.5, the biggest closing level since December 15, 2021 and formed healthy bullish candle on the daily charts with large volumes. Also there was a big breakout of nearly month long consolidation.
BUSINESS
Hot Stocks | Bharti Airtel, Cummins India, KIMS Hospitals can fetch 16-17% return in short term. Here's why
KIMS Hospitals is in a clear higher high, higher low formation indicating bullish undertone of the prices.
BUSINESS
Trade Spotlight | What should you do with KIMS Hospitals, Fortis Healthcare, Ambuja Cements on Tuesday?
Ambuja Cements is currently trading near its all-time high level which tells that the stock already is in strong momentum.
BUSINESS
Hot Stocks | Britannia, Bharti Airtel, Elecon Engineering can fetch 12-28% return in short term. Here's why
Britannia Industries in the latest week has given a breakout of Inverse Head and Shoulder pattern, indicating beginning of the uptrend. The breakout is confirmed by the Higher volumes and a gap.
BUSINESS
Trade Spotlight | What should you do with Britannia, SJVN, Apollo Tyres on Wednesday?
Apollo Tyres was also in focus, rising 4 percent to Rs 301, the highest ever closing level. The stock has formed strong bullish candle on the daily charts with above average volumes after consolidation for around one-and-half-month.
BUSINESS
Hot Stocks | Double-digit returns likely in ABB India, Syngene International, Craftsman Automation in short term. Here's why
Craftsman is currently trading near its record high level which tells that the stock already is in good momentum.
BUSINESS
Trade Spotlight | What should you do with Trent, UltraTech Cement, Karur Vysya Bank on Tuesday?
Karur Vysya Bank shares rallied 6 percent to Rs 104, the highest closing level since February 12, 2018 and formed strong bullish candle on the daily charts with healthy volumes.
BUSINESS
Hot Stocks | Container Corp, Bharat Forge, Granules India can give up to 22% return in short term. Here's why
Bharat Forge, post August 2021, corrected with decreasing volumes. This tells that the stock has weak supply.
BUSINESS
Trade Spotlight | What should you do with BHEL, KEI Industries, Punjab National Bank on Thursday?
Punjab National Bank shares have climbed 5 percent to Rs 43.3, their best closing since October 27, 2021, and formed a bullish candle on the daily charts but is it enough? Read on
BUSINESS
Hot Stocks | RHI Magnesita, D-Link India, Indian Bank can give up to 22% return in short term, here's why
Looking at the broader picture of RHI Magnesita India, we can spot that the overall trend is on the upside. While the steepness of the trend line is rising, this tells that the underlying trend is accelerating for an upside move.
BUSINESS
Trade Spotlight | What should you do with Canara Bank, Deepak Fertilizers, Godfrey Phillips India on Tuesday?
Godfrey Phillips India was also in action, rising 7.5 percent to Rs 1,410.5, the highest closing level since January 27, 2020. It has seen formation of robust bullish candle on the daily charts, which engulfing previous day's red candle, with large volumes.
BUSINESS
Hot Stocks | Double-digit returns possible from Federal Bank, JK Paper, Borosil in short term, here's why
Borosil has started to get into Higher High, Higher Low formation which tells that the stock has shown a bounce on the upside after retesting the neckline of inverse head and shoulders pattern in October 2022 that indicates a continuation in the prior uptrend.
BUSINESS
Trade Spotlight | What should you do with Gravita India, Cochin Shipyard, Jyothy Labs on Tuesday?
Cochin Shipyard erased gains but still closed in green with 0.4 percent gains at Rs 527.10, forming small bodied bullish candle which resembles Shooting Star kind of pattern on the daily charts which is trend reversal pattern.
