Here are trading strategies for a few such counters that look bullish on the charts and can appreciate at least 20 per cent from here on in the next two months
The MFI study on the daily and weekly chart assists in identifying short-term trade for quick gains
If the stock of Adani Enterprises fails to hold the support of Rs 1,300 levels, it may slip to Rs 1,000-mark, translating into a downside of 23 per cent from the current levels, charts suggest
The reversal levels are considered as the stop loss for the trading position
Volume needs to show significant improvement to impact the market sentiment
In technical analysis, divergence is given greater preference as the 'divergence behaviour' may reflect a change in a price trend or sentiment
A sharp rally in fertilizer stocks on Thursday on hike in subsidy has opened doors for more upside in the coming days
Under this analysis, an investor studies major swings or reversal points of a stock, or index, over a period of time
With a "Higher High, Higher low" formation, the stock of Pricol has gradually risen to higher levels recently.
The key significance of the DPO is to identify the price cycle. The idea is to capitalize on the short-term trend, based on the past performances.
The RSI has indicated a trend reversal for Hero MotoCorp, showing strength, and has signaled a 'buy' to suggest further upward movement in the coming days
Adani Gas, HEG, and Hindustan Copper are expected to rally up to 20 per cent upon surpassing their resistance levels
One can expect up to 7 per cent gain in NBFC stocks if the positive momentum is held decisively
Upon crossing the immediate resistance, Axis Bank's stock may see a rally towards Rs 750 and Rs 765-mark
All the three insurance stocks are successfully holding the support of 200-DMA and may see upside of over 5 per cent in the near-term
This pattern indicates a negative sentiment in the stock which, if met with follow-up selling, can aggravate the negative sentiment further
If the Nifty FMCG index manages to sustain above the 35,000-levels, it is expected to see a fresh breakout toward 36,200 to 36,400 levels
Generally, trading in line with the direction of the market sentiment is considered a safer approach, since the risk-return ratio is more favourable
If the indices fail to reverse the downward trend, these stocks may further plunge up to 10 per cent
If the Nifty IT index manages to sustain above 27,200 levels, the upside bias may see a rally towards 27,800-mark in the upcoming sessions