Below 11,650, Nifty may drift towards 11,600-11,550; 4 stocks could give 4-8% upside

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26 Aug, 2025 12:21

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On the weekly chart, the Nifty has formed a small Bearish candle with shadows on either side indicating indecisiveness among participants regarding the direction.

During the week the Nifty traded in the range of 11,790-11,655 levels, any side breakout will further decide direction of Nifty.

The chart pattern suggests that if the Nifty crosses and sustains above 11,800 levels, it would witness buying which would lead the index towards 11,850-11,900 levels. However if index breaks below 11,650 levels, it would witness selling which would take the index towards 11,600-11,550.

The Nifty is trading above 20, 50 and 100 day SMAs which are important short term moving averages indicating positive bias in the short term. Nifty continues to remain in an uptrend in the medium term, so buying on dips continues to be our preferred strategy. For the week, we expect Nifty to trade in the range of 11,850-11,550 with mixed bias.

On the weekly chart Bank Nifty has formed a "Doji" candlestick formation indicating indecisiveness amongst market participants regarding the direction. During the week, the Bank Nifty traded in the range of 30,120-29,550 levels, any side breakout will further decide the direction of the Nifty.

The chart pattern suggests that if the Bank Nifty crosses and sustains above 30,200 levels it would witness buying, which would lead the index towards 30,400-30,500 levels. However if index breaks below 29,800 levels, it would witness selling which would take the index towards 29,600-29,400 levels.

The Bank Nifty is trading above 20, 50 and 100 day SMAs which are important short term moving averages indicating a positive bias in the short term. The Bank Nifty continues to remain in an uptrend in the medium term, so buying on dips continues to be our preferred strategy. For the week, we expect Bank Nifty to trade in the range of 30,400-29,400 with mixed bias.

On the weekly chart, the stock's price has decisively broken out from its consolidation range of Rs 1,390-1,315 levels on close, and is sustaining above the same. This breakout is accompanied with an increase in volumes, which supports bullish sentiments ahead.

The weekly as well as the daily strength indicator RSI and the momentum indicator Stochastic both are in the positive territory, which supports the  upside momentum to continue in near term. The stock's price is sustaining well above its 20, 50 and 100 day SMA, which supports bullish sentiments ahead.

On the weekly chart, the stock's price has decisively broken out its “Down-sloping Trendline” at Rs 510 levels on closing basis and sustaining above the same. This breakout is accompanied with an increase in volumes which supports bullish sentiments ahead.

The weekly as well as daily strength indicator RSI and the momentum indicator Stochastic are both in positive territory, which supports upside momentum to continue in near term. The stock's price is sustaining well above its 20, 50 and 100 day SMA which supports bullish sentiments ahead.

On the weekly chart the stock's price has decisively broken out from its consolidation range of Rs 302-285 levels on closing basis and is sustaining above the same. This breakout is accompanied with increase in volumes which supports bullish sentiments ahead.

The weekly as well as daily strength indicator RSI and the momentum indicator Stochastic both are in positive territory, which supports upside momentum to continue in the near term. The stock's price is sustaining well above its 20, 50 and 100 day SMA which supports bullish sentiments ahead.

On the weekly chart the stock's price has formed “Rounding Bottom” pattern and has given breakout on a closing basis and sustaining above the same. This breakout is accompanied with increase in volumes which supports bullish sentiments ahead.

The daily as well as weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term. The stock's price is sustaining well above its 20, 50 and 100 day SMA which supports bullish sentiments ahead.