Jul 06, 2022 06:51 AM ISTElgi Equipments jumped nearly 9 percent to close at Rs 374.5 and formed strong bullish candle on the daily charts with much higher than average volumes. Oscillators RSI (relative strength index) and Stochastic with more than 50 levels are showing uptrend.
Jul 05, 2022 06:56 AM IST R Systems International was locked in 20 percent upper circuit at Rs 266.80, forming a robust bullish candle on the daily charts with far higher than average volumes, after hammer kind of pattern formation in the previous session. Even the relative strength indicator (RSI) as well as Stochastic have showed uptrend, indicating sentiments are strong.
Jul 04, 2022 06:20 AM IST ITC climbed 4 percent to close at Rs 284.35, which is higher than immediate previous top of Rs 282.35 on May 20 this year. The stock formed a big bullish candle on the daily scale with strong volumes. On the weekly basis as well, there was a robust bullish candlestick pattern formation, continuing Higher High Higher Low for third consecutive week.
Jul 01, 2022 08:31 AM IST After short term correction, Talbros Automotive Components took support near 200 day SMA (Rs 413) and reversed sharply. Post reversal, in this week so far, it rallied over 15 percent and also formed a long bullish candle on weekly and daily charts.
Jun 30, 2022 07:31 AM IST At the current juncture, Adani Transmission has given a clean triangle breakout with positive volume picking up which hints at a further upside.
Jun 29, 2022 06:34 AM IST Force Motors has witnessed a sharp upmove from its trendline support. In the recent past, the pullback moves have resisted around its '200 EMA' (exponential moving average). Thus, we could see a continuation of this resistance towards this average which is now seen around Rs 1,157.
Jun 28, 2022 06:43 AM IST On the weekly timeframe, Persistent Systems gave a breakdown of double top pattern with high volumes. Post breakdown the down move was followed by strong volumes, indicating further down move.
Jun 27, 2022 06:46 AM IST Most sectors, barring IT, participated in the rally on June 24. Bank, auto, financial services, FMCG, and metal indices gained 1.2-2 percent
Jun 24, 2022 08:09 AM IST After a medium term correction, Nykaa is hovering within the range of Rs 1,300 to Rs 1,540. Technically, the short term texture of the stock is non directional and we are of the view that the rangebound activity is likely to continue in the near future.
Jun 23, 2022 07:33 AM IST At current juncture, Trident is in crucial support zone of Rs 35-36. Moreover, exactly at those levels, we have seen Bullish Engulfing on June 21 along with volume picking up and it is a sign of positive momentum.
Jun 22, 2022 06:36 AM IST JSW Energy has been correcting along with the broader market since the month of October. The stock has been forming a 'Lower Top lower Bottom’ formation on the daily chart and hence seems to be retracing its previous uptrend.
Jun 21, 2022 07:21 AM IST On weekly chart of HDFC, we saw some sideways action post breakdown happened at Rs 2,400 levels with volume confirmation. Prices have been maintaining lower low, lower high formation. The downtrend was also preceded by Negative direction.
Jun 20, 2022 06:23 AM IST Sun TV Network rebounded from its two years major support of Rs 400 levels. This buying was accompanied with huge volumes which signals buying support near major support zones. The stock is well placed above the 20-day SMA which remains a positive sign.
Jun 17, 2022 07:34 AM IST Ramco System has started to diverge positively from May 2022. It is too early to say, but technically, we think the stock is on the verge of reversing its bearish trend.
Jun 16, 2022 06:37 AM IST Strides Pharma Science and Indraprastha Gas, which were among the top gainers in the F&O segment, and Affle formed bullish candlesticks on the daily chart on June 15
Jun 15, 2022 06:29 AM IST Post the recent correction, Mahindra CIE Automotive has been consolidating in a broad range which indicates that the trend has changed from down to sideways. The volumes in last few days are low and hence a breakout with good volumes is required for a positive momentum.
Jun 14, 2022 06:47 AM IST All sectors ended in the red on June 13 as equity benchmarks closed 2.6 percent lower amid a global selloff
Jun 13, 2022 06:27 AM IST The benchmark indices ended almost 2 percent lower on June 10; global cues are expected to influence market direction
Jun 10, 2022 07:53 AM IST On daily charts, IEX has formed long bullish candle which is broadly positive. But at the same time, the stock is consistently taking resistance near 20 days SMA. The medium term texture of the stock is non-directional, perhaps, traders are waiting for the either side breakout.
Jun 09, 2022 07:49 AM IST Though Elgi Equipments looks lucrative at current levels, one should wait because the stock is trading near its previous top Rs 422.30, which is also all-time high.
Jun 08, 2022 06:50 AM IST We believe history will repeat itself, wherein Exide Industries will rebound utilising prior consolidation and will move towards its 100-day SMA. This could lead the stock towards Rs 157 initially and Rs 163 subsequently.
Jun 07, 2022 06:28 AM IST Indoco Remedies has given a falling trendline breakout with a rise in volume activity. The stock has broken above the previous swing high and negated the lower high lower low formation. The RSI indicator can also be seen giving a trendline breakout and confirming the bullish view.
Jun 06, 2022 06:53 AM IST Metropolis Healthcare has given a declining trendline breakout after forming a base near Rs 1,500 levels. Huge rising volumes on price rise signifies increased participation in the rally. The daily strength indicator RSI has turned bullish indicating rising strength.
Jun 03, 2022 06:58 AM IST On June 2, Century Textiles is not only cleared the resistance of 200 days simple moving average (SMA), but successfully closed above the same. It also formed long bullish candle which supported further uptrend from the current levels.
Jun 02, 2022 07:02 AM IST Volatility is expected to remain high as India VIX remains above the 20 mark
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