-
Trent had seen an ‘Impulsive’ upmove in the month of February which was followed by a consolidation phase in last one month. The prices have now given a breakout from this consolidation indicating a continuation of its short term uptrend.
-
NALCO has given a consolidation breakout on the daily chart, suggesting a rise in optimism. Besides, the rally was backed by a rise in volume. The stock has sustained above the critical moving averages on the daily chart.
-
Accumulation was seen in Just Dial since January 16 where volumes are sharply higher on up days as compared to down days. Short term trend of the stock is positive as stock price is trading above its 5 and 20-day EMA.
-
In the near term, the index is expected to take support at 17,600, which has been holding quite well on every closing in the past six consecutive sessions, with resistance at the 18,000-18,250 zone
-
ITC has been in a strong uptrend since February last year and after a brief consolidation of 2 months, the stock looks ready for the next upmove.
-
JSW Steel has given bearish breakout from the Head and Shoulder pattern on the daily chart. It has breached crucial supports of 50 and 100-day EMA. Indicators and oscillators like RSI and MACD have turned bearish on the daily charts.
-
IOC has broken out on the weekly chart from the downward sloping trendline adjoining the highs of April 22, 2022 and December 16, 2022. Trend of the stock is positive as stock price is trading above its important moving averages.
-
The trend seems to be reversing for the IT sector as HCL Tech & Infosys see maximum upgrades in the past one month while HUL and Tata Motors were the top stocks to witness maximum downgrades
-
The paper stocks were buzzing last week as we witnessed buying interest in some of the counters with good volumes. Satia Industries has seen a breakout from a long consolidation phase and has resumed its uptrend with a ‘Higher Top Higher Bottom’ structure
-
MCX India has witnessed a breakout of a bullish double bottom pattern formation on the longer time frame while on the daily chart; it has given a breakout of a bullish Inverse Head & Shoulder pattern with huge volume.
-
If the Nifty closes above 17,800 on the weekly scale, it may touch 18,400 in a couple of weeks but a close below 17,400 can see it slide to 17,000
-
Pent-up demand continues to propel auto stocks, while rising interest rates auger well for financials. However, the anticipated global slowdown is spoiling the party for IT and metal companies
-
The weekly expiry could keep the markets volatile as we have witnessed steady rise in open interest in 18,000 CE strike in the past few days while on the downside 17,800 PE strike has the highest open interest of more than 2,20,000 contracts which could act as immediate support from current levels.
-
Consensus earnings estimate for large-cap IT companies have been cut by 3-8 percent for the current financial year and 2-7 percent for the next financial year following the June quarter earnings season
-
The relatively strong growth guidance given by IT companies for 2022-23 have now come under threat, given the apprehension of the US economy slipping into recession later this year
-
After a continuous fall in Ambuja Cements, prices have found support near its 200-week exponential moving average and in terms of candle stick counter has formed a Bullish Hammer pattern on the weekly time frame.
-
With the possibility of escalation in tensions in Eastern Europe due to the Russia-Ukraine war keeping investors edgy, the brokerage firm says healthy earnings visibility can act as a cushion
-
The Nifty IT has fallen more than 11 percent in 2022, as investors turn pessimistic over the sustainability of the sector’s rich valuations amid the possibility of a sharp increase in interest rates at home and abroad
-
Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today
-
Experts feel overall the index has been rangebound and the surpassing 17,200-17,300 mark in coming days can be concluded as a completion of recent corrective phase.
-
Here's what Rajesh Palviya of Axis Securities, recommends investors should do with these stocks when the market resumes trading today
-
Going ahead, Karan Pai of GEPL Capital expects the 17,200 mark to act as a strong resistance level. If the prices breach above the 17,200 mark, we can expect the prices to move higher towards the 17,600 level
-
NIfty is expected to remain volatile and likely to trade in a broader range of 16,500-17,000. The Nifty is still holding above its 200-day exponential moving average which is placed around 16,300 levels on daily charts, says Shitij Gandhi of SMC Global
-
Reliance retained its position as the biggest wealth creator for the third year in a row, with a 13.6% share of the total wealth created during 2016-21, according to a study by Motilal Oswal
-
Here's what Karan Pai of GEPL Capital, recommends investors should do with these stocks when the market resumes trading today.
