In the last several years, the stock has crossed Rs 480 for about five times during intra-day but could never close above the level
The target level is usually the difference between the low of the rounding bottom and the price where the actual breakout happened.
A look at what technical charts indicate for these stocks.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Gaps are areas on a technical chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Analysts said many stocks in the BSE 500 universe have broken their crucial support levels and it is difficult for them to bounce back in the near term
The stock has absorbed all the selling pressure in the range of Rs 760 - Rs 770 and is ready for a fresh upside. Although it witnessed mild selling above Rs 800, the overall trends still looks bullish
A bigger upside rally is expected only if it has added volumes and the Sensex is able to hold above the resistance zone
Tata Steel, Vedanta and SAIL have seen sharp fall in their stock prices in the recent months.
If the Nifty Bank index stays below 2,600 level for another week, then a major breakdown may lead to a long term bearishness, tech charts suggest.
As the market breadth turns negative, only sideways consolidation or V-shape recovery can revive the positive sentiment.
As It began successfully trading above 200 DMA, the counter has more than doubled rising 175 per cent to Rs 1,417
Front runners insurance stocks have seen higher Investor Interest
The RSI (Relative Strength Index) and Stochastic are momentum oscillators that identify strength and weakness of traded securities
Nifty outlook and top trading ideas by Sacchitanand Uttekar, DVP - Technical (Equity).
Here are trading strategies for stocks of companies that announced their June 2019 quarter results recently.
A bullish divergence on RSI favours the upside momentum along with MACD, which is in a positive crossover
Spice Jet, if breaches Rs 110, then may see Rs 90 and Rs 84 in the near future
The Nifty IT index has broken crucial trend-line support of 15,900 on closing basis with RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) suggesting a negative trend