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Technical analysis is a mechanism to identify trading opportunities in the stock market by evaluating statistical data. The statistical data comprises price movement, trading volume, moving average, historical data, charts, breakouts, correct buy points, proper buy zones. This strategy is based on the assumption that the past trading activity of a stock can be an indicator of its future price movements when analysed with suitable rules of trading. This method analyses the ways supply and demand for a stock may drive changes in price, volume, and implied volatility. First time investors often get confused between fundamental and technical analysis. While both methods are used to research and forecast future movement in stock prices, both are different in nature. Like the name suggests, fundamental analysis evaluates a stock on its inherent value i.e. fundamentals. This method involves evaluating a company’s financial statements to estimate the fair value of the business. On the other hand, technical analysis is based on statistical trends and assumes that the stock price has already factored-in all publicly available information. More

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  • Technical View | Nifty closes at 3-month low, 17,550 crucial for upside Jan 27, 2023 05:52 PM IST

    Technical View | Nifty closes at 3-month low, 17,550 crucial for upside

    The 200-day exponential moving average (17,550) and January 27 low of 17,494) are the two levels to watch, though a minor pullback rally can't be ruled out after the bloodbath, say experts

  • Trade Spotlight: What should you do with Saregama India, Sona Comstar, Route mobile on Friday? Jan 27, 2023 08:05 AM IST

    Trade Spotlight: What should you do with Saregama India, Sona Comstar, Route mobile on Friday?

    Route mobile was also in focus, rising 1.4 percent to Rs 1,247 and formed bullish candle with long upper shadow on the daily charts, indicating some profit booking at higher levels.

  • Hot Stocks: Here's why 10-17% return possible in Maruti Suzuki, Persistent Systems, Carborundum Universal in short-term Jan 27, 2023 07:34 AM IST

    Hot Stocks: Here's why 10-17% return possible in Maruti Suzuki, Persistent Systems, Carborundum Universal in short-term

    Carborundum Universal took strong support at 20-month SMA and sustaining at 11-month high. This shows overall bullish undertone of the prices.

  • Market range can shift lower after recent price action: Chandan Taparia of Motilal Oswal Jan 26, 2023 11:57 AM IST

    Market range can shift lower after recent price action: Chandan Taparia of Motilal Oswal

    The Nifty, he says, has to hold the 17,777 zone for any kind of upward move. If it doesn’t, the index may fall to the 17,500-17,350 range. The metal index is trading near its life-time high and can hit 7,000, Taparia says.

  • Further drop likely if Nifty falls below 17,840 | Bet on these 3 stocks for decent returns in short term Jan 26, 2023 10:39 AM IST

    Further drop likely if Nifty falls below 17,840 | Bet on these 3 stocks for decent returns in short term

    The index remained below the 50-day exponential moving average on the daily timeframe, confirming the bearish trend.

  • Technical View | Nifty forms long bearish candle but takes support at lower end of 17,800-18,200 range Jan 25, 2023 05:08 PM IST

    Technical View | Nifty forms long bearish candle but takes support at lower end of 17,800-18,200 range

    The sentiment may remain negative below 18,000 and the decisive break below 17,800 can drag the index to 17,700-17,600, with resistance at 18,000-18,200 levels, experts said.

  • Trade Spotlight | What's your strategy with Poonawalla Fincorp, L&T Technology, Tata Motors on Wednesday? Jan 25, 2023 06:57 AM IST

    Trade Spotlight | What's your strategy with Poonawalla Fincorp, L&T Technology, Tata Motors on Wednesday?

    L&T Technology Services was also in action, rising 3 percent to Rs 3,426 and formed bullish candle on the daily charts with upper shadow, with higher high higher low formation after forming Bullish Engulfing kind of pattern in previous session. The volume remained high for yet another session.

  • Hot Stocks | Sonata Software, Vadilal Industries, Gravita India may fetch 16-20% in short term. Here's why Jan 25, 2023 06:53 AM IST

    Hot Stocks | Sonata Software, Vadilal Industries, Gravita India may fetch 16-20% in short term. Here's why

    Gravita India is in an awesome uptrend with a breakout of long consolidation and strong volume. The overall structure of the counter is very lucrative, as it is trading above all important moving averages. On the higher time frame, there is a breakout of a Bullish Flag formation, which suggests much more potential upside in this counter.

  • Technical View | Nifty fails to hold crucial resistance of 18,200, forms bearish candle ahead of F&O expiry Jan 24, 2023 05:02 PM IST

    Technical View | Nifty fails to hold crucial resistance of 18,200, forms bearish candle ahead of F&O expiry

    Going forward, the psychological 18,000 mark is expected to be crucial support for the index and 18,200 is likely to be key resistance area as surpassing it on a closing basis can take the index to 18,300-18,500 levels, experts say

  • Trade Spotlight | What should you do with Torrent Power, Coforge, GAIL India on Tuesday? Jan 24, 2023 06:40 AM IST

    Trade Spotlight | What should you do with Torrent Power, Coforge, GAIL India on Tuesday?

    GAIL India shares hit Rs 100 mark after a long time and rallied more than 3 percent to Rs 102.25, the highest closing level since May 20, 2022 and has formed long bullish candle on the daily charts with strong volumes, with higher high formation for fifth consecutive session.

  • Hot Stocks | Bet on IOC, HCL Tech, Control Print for up to 14% return. Here's why Jan 24, 2023 06:27 AM IST

    Hot Stocks | Bet on IOC, HCL Tech, Control Print for up to 14% return. Here's why

    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.

  • Technical View | Nifty reclaims 18,100, fear index drops to a month's low Jan 23, 2023 05:10 PM IST

    Technical View | Nifty reclaims 18,100, fear index drops to a month's low

    The Nifty has to decisively surpass the last week's high of 18,184 to gain momentum. Initial hurdles will be 18,200 and 18,300, while support will be at 18,000, experts said

  • Deploy modified ‘Put Butterfly’ strategy in Bank Nifty: Shubham Agarwal Jan 23, 2023 11:55 AM IST

    Deploy modified ‘Put Butterfly’ strategy in Bank Nifty: Shubham Agarwal

    The upcoming week can be approached with a low-risk strategy like modified Put Butterfly in Bank Nifty.

  • MC Interview | Chances of directional move in Nifty50 more on the downside, says this technical chartist Jan 23, 2023 10:57 AM IST

    MC Interview | Chances of directional move in Nifty50 more on the downside, says this technical chartist

    To negate the downtrend, Nifty has to surpass 18,500 on a closing basis, says Vinay Rajani of HDFC Securities.

  • Top 10 trading ideas for next 3-4 weeks, backed by upbeat earnings, Budget optimism Jan 23, 2023 09:11 AM IST

    Top 10 trading ideas for next 3-4 weeks, backed by upbeat earnings, Budget optimism

    Experts feel the 17,800-18,200 range is expected to break on either side after the announcement of the Budget, hence, if the Nifty breaks 18,200, then 18,500 is the level to watch out for

  • Trade Spotlight | What should you do with Macrotech Developers, NHPC, Swan Energy on Monday? Jan 23, 2023 06:42 AM IST

    Trade Spotlight | What should you do with Macrotech Developers, NHPC, Swan Energy on Monday?

    Swan Energy was in focus last week, rising 11 percent to at record closing high of Rs 362 and formed large bullish candle on the weekly timeframe with above average volumes. It has seen a breakout of horizontal resistance trend line adjoining May 2, 2022 and January 2, 2023.

  • Hot Stocks | Here's why you should bet on GAIL, Dabur India for short term Jan 23, 2023 06:31 AM IST

    Hot Stocks | Here's why you should bet on GAIL, Dabur India for short term

    Taking a glance at the rising volumes, we expect the momentum to extend in Dabur India in the forthcoming week.

  • Whether to carry forward position? Futures OI data has the answer Jan 21, 2023 09:45 AM IST

    Whether to carry forward position? Futures OI data has the answer

    The Open Interest filter gives us a fantastic tool to tell apart potential movers from one day wonders.

  • Technical View | Nifty forms Doji candle for yet another week, range-bound trade likely to continue Jan 20, 2023 05:54 PM IST

    Technical View | Nifty forms Doji candle for yet another week, range-bound trade likely to continue

    The options data indicates that the Nifty will continue to trade in the 17,900-18,200 range for the coming sessions

  • Hot Stocks: Mrs Bectors Food Specialities, Tata Steel, Persistent Systems can give at least 10% return in short term; here's why Jan 20, 2023 07:46 AM IST

    Hot Stocks: Mrs Bectors Food Specialities, Tata Steel, Persistent Systems can give at least 10% return in short term; here's why

    Mrs Bectors Food Specialities is currently trading at 52 week high which tells that the stock already is in strong momentum.

  • Trade Spotlight: What should you do with Persistent Systems, AIA Engineering, SAIL on Friday? Jan 20, 2023 07:29 AM IST

    Trade Spotlight: What should you do with Persistent Systems, AIA Engineering, SAIL on Friday?

    SAIL was up 1.5 percent at Rs 92.1, the highest closing level since May 5, 2022 and formed decent bullish candle on the daily charts with higher high higher low formation for second consecutive session. It has given a nice breakout of 'Mother Candle' formed on January 2 in previous session and maintained uptrend for yet another session, with strong volumes.

  • Technical View | Lacklustre day for Nifty, 18,200 remain crucial for upside Jan 19, 2023 05:07 PM IST

    Technical View | Lacklustre day for Nifty, 18,200 remain crucial for upside

    For traders, 18,050 will be the immediate support; below it, the index can slip to 17,950-17,900. Above 18,050, the index can retest 18,200, market experts say

  • Trade Spotlight: What should you do with Polyplex Corporation, RITES, APL Apollo Tubes on Thursday? Jan 19, 2023 06:55 AM IST

    Trade Spotlight: What should you do with Polyplex Corporation, RITES, APL Apollo Tubes on Thursday?

    APL Apollo Tubes has formed long bullish candle on the daily charts with above average volumes, making higher high higher low for second straight session with momentum oscillator RSI trading above 60 level.

  • Hot Stocks: Here is why you should bet on UPL, Tata Steel, Coal India for short term? Jan 19, 2023 06:49 AM IST

    Hot Stocks: Here is why you should bet on UPL, Tata Steel, Coal India for short term?

    Tata Steel has given a strong breakout from multiple resistance zones with a sharp surge in volumes. The momentum indicator RSI (relative strength index) has given a positive crossover and surpassed the level of 60, which confirms the buy signal.

  • Technical View | Nifty closes above 50 DEMA; 18,200-18,250 to be next key hurdle Jan 18, 2023 05:03 PM IST

    Technical View | Nifty closes above 50 DEMA; 18,200-18,250 to be next key hurdle

    If the Nifty50 sustains these levels in the coming sessions, then the next level to watch out for on the higher side would be 18,200-18,250 or around the previous swing highs, followed by 18,300-18,500, experts say