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Dec 06, 2022 07:05 AM IST Hindustan Copper has broken out from the downward sloping trend line on its weekly charts. Volumes have been gradually rising along with the price rise.
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Dec 05, 2022 08:49 AM IST Minda Corporation has witnessed an ‘Inverted Head & Shoulder’ pattern breakout on the daily chart, which has been backed by robust volumes. The technical indicators construe a firm setup in the stock price, and it is expected to continue its upward journey in the comparable period.
- Dec 02, 2022 07:18 AM IST
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.
- Dec 01, 2022 07:06 AM IST
Bharat Dynamics has given a falling trend line breakout with a rise in volumes on the daily chart. The momentum indicator RSI has also given a positive crossover which confirms the buy signal on the daily chart.
- Nov 30, 2022 07:00 AM IST
For the Nifty, support is at 18,325–18,245, while on the upside, 18,800-18,888-19,000 will be the next resistance levels
- Nov 29, 2022 06:55 AM IST
IRB Infrastructure Developers has broken out on the daily line chart with higher volumes to close at highest level since November 9. The stock price has been forming higher top higher bottom candle stick pattern on the daily chart.
- Nov 28, 2022 06:18 AM IST
For the Nifty, 18,600 and 18,750 are the next levels to watch out for, above which the path to the next milestone of 19,000 unfolds
- Nov 25, 2022 06:56 AM IST
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.
- Nov 24, 2022 06:54 AM IST
GNFC is expected to be retesting a breakout of a rounding bottom formation after five years on the weekly timeframe whereas on the daily timeframe the stock is likely to be taking support from a support zone and bouncing with high volumes which can be used as a confluence towards the bullish view.
- Nov 23, 2022 06:05 AM IST
West Coast Paper Mills is looking lucrative on technical fronts. It is bouncing back from around a 50 percent retracement of the previous rally. It is trading above its all-important moving averages in a long consolidation formation.
- Nov 22, 2022 06:41 AM IST
NLC India has broken out from the bullish Cup and Handle pattern on the daily chart. Price Breakout is accompanied with jump in volumes.
- Nov 21, 2022 06:07 AM IST
Sterlite Technologies has managed to traverse the key moving average of ‘200-day SMA’ (simple moving average) with some conviction after a long time, which construes a strong technical development.
- Nov 18, 2022 06:26 AM IST
KIMS Hospitals is in a clear higher high, higher low formation indicating bullish undertone of the prices.
- Nov 17, 2022 06:18 AM IST
GIC Housing seems to be breaking out of a downwards sloping parallel channel pattern on the weekly timeframe after one and a half years and on the daily timeframe the stock seems to be breaking out of a consolidation which can be used as a confluence towards the bullish view.
- Nov 16, 2022 06:40 AM IST
IRB Infrastructure Developers is again gaining momentum after building a strong base at Rs 200 mark. On the weekly chart, we can observe a breakout of the Flag formation, while there is a breakout of the bullish Inverse Head and Shoulders formation on the daily chart.
- Nov 15, 2022 06:39 AM IST
Paper stocks have been outperforming for last couple of months and sector has been holding strength on medium to long term charts.
- Nov 14, 2022 06:11 AM IST
Hero MotoCorp has been muted since last eighteen months now and although the picture has not completely changed as of now, we can see some early signs of revival.
- Nov 11, 2022 06:44 AM IST
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.
- Nov 10, 2022 06:20 AM IST
ITC has given a consolidation breakout on the daily timeframe, suggesting a rise in optimism among the investors.
- Nov 09, 2022 06:21 AM IST
Primary trend of Minda Corporation turned positive as stock price closed above its 200 days EMA. Momentum Oscillators like RSI (11) and MFI (10) have witnessed trendline breakout, indicating higher possibility of price to gain momentum from hereon. One can buy the stock in the range of Rs 205-200.
- Nov 07, 2022 06:35 AM IST
Traders are advised to continue with an optimistic approach and now, with other sectors chipping in, we expect a good broad-based buying in the forthcoming week.
- Nov 04, 2022 06:25 AM IST
Craftsman is currently trading near its record high level which tells that the stock already is in good momentum.
- Nov 03, 2022 06:18 AM IST
Recently HDFC AMC has witnessed a breakout of the Falling channel and again reclaims the upper band of the pattern indicating immediate support & bullish set-up in the counter.
- Nov 02, 2022 06:18 AM IST
Pudumjee Paper Products is coming out of one year of consolidation with heavy volume. The primary trend is bullish and there is a breakout of a Bullish Flag formation on the weekly time frame, which may lead to a fresh expansion phase.
- Nov 01, 2022 06:13 AM IST
United Spirits has been forming higher tops and higher bottoms. It is placed above its 20, 50, 100 and 200 DMA (days moving average). It has broken out from downward sloping trend line on daily and weekly charts.
