NOCIL has been trading in a symmetrical triangle pattern on the daily time frame
MGL is on a secular bull run since the formation of its run-away gap and is now comfortably placed above all the major exponential moving averages on the daily time frame
Godrej Properties has witnessed an Inverted Head & Shoulder pattern breakout on daily chart post taking support near its long-term EMA, indicating bullish sentiment in the counter
LTI has reversed its trend from the previous swing low and is currently placed well above all its major moving averages on the daily chart
Since November 2020, RELIANCE has made almost three bottoms between 1,830 - 1,860 levels, which indicates multiple supports for the stock near the 1,830-mark
Maruti's stock has sneaked below its 200 DEMA but, on the weekly scale, it has tested its 200 week EMA which is a much stronger support
Off late, the private banks have underperformed but they are showing signs of base formation
The recent correction in the markets dragged Bajaj Finance's from the high of Rs 5,800 towards Rs 4,400-mark
The price pattern is very strong on the technical parameters and Dr Reddy's Labs could outperform once there is more clarification on the developments of vaccine
The stock of Adani Ports has seen some correction from its lifetime highs and, in the last two days, it witnessed a reversal
The main concern for the PSU banks is governance, says Pradeep Gupta of Anand Rathi Shares & Stock Brokers
Nifty Bank has outperformed the benchmarks so far this month. The overall broader structure is hinting at a fresh new high in the January series and as long as it sustains above 31,550 levels
The stock of Colgate Palmolive has surpassed the upper band of the Bollinger band which hints of a fresh up move in the counter
The stock of Wipro is also trading well above its short-term and long-term moving averages
According to Axis Securities, the small and midcaps are picking up steam and they should deliver solid returns in 2021 as economic uncertainties will reduce and volatility will decline
The momentum indicator RSI has reversed from its oversold territory and is showing signs of reversal in Wipro
Jubilant Food's stock has reclaimed its short-term 21-DMA which was placed at 2230 levels. The momentum indicators and oscillators have turned positive on the daily chart which hints at a strong pull
The stock of Voltas has provided a fresh breakout from a pennant pattern on the daily chart and has also been trading in a rising channel
The stock price of Adani Ports has formed a triple top formation on the daily chart at around 365 levels
The momentum oscillator MACD has provided fresh sell crossover on the weekly scale for Piramal's stock