Page 21 - Market Technicals

Should you dump rate sensitive stocks post the RBI's surprise rate hike?

Real estate and automobiles, which were showing signs of a nascent recovery, will bear the brunt of higher interest rates

Tata Steel tech chart now similar to 2007; big crash coming or time to buy?

In 2007, Tata Steel skyrocketed from Rs 100 to Rs 700 in less than four years; Similarly, since 2020 the stock price grew seven-fold to a high of Rs 1,534.50.

MCX Crude Oil futures seem range-bound; Bias positive for Natural Gas

The MCX Natural Gas May futures are likely to trade with a bullish bias in May as long as the commodity holds above Rs 576-level.

Here's why Mehul Kothari is bullish on Rupa, IndusInd Bank

According to the technical analyst from Anand Rathi, IndusInd Bank has managed to break out from its four-month consolidation range, and can now rally towards Rs 1,070.

Can MCX Gold futures drop below Rs 50,000 in May? Key levels to watch out

The MCX Gold futures seem to be facing considerable resistance around Rs 52,250 as per the monthly charts. Similarly, the upside for Silver seems likely to be capped around Rs 64,200-64,750 odd levels

Here's why Mehul Kothari recommends buying Hindalco, Endurance Technologies

According to the technical analyst from Anand Rathi, Hindalco has found support around its 200-DEMA, and seems poised for a potential reversal in the short-term.

Trading strategies for SBI Life, ICICI Pru, HDFC Life ahead of LIC IPO

Except for Max Financial Services other insurance related shares seem to be on a weak ground, indicate technical charts.

MCX Crude Oil futures can rally up to Rs 8,300; Key levels to watch out

The bias is likely to remain bullish as long as Crude Oil futures sustain above Rs 7,830, below which the next crucial support is at Rs 7,730.

Chart check: Nifty IT down 11% in April; Is it time to buy TCS, HCL Tech?

Overall, the Nifty IT index has declined 19 per cent from its historic peak of 39,446 recorded in early January, 2022. Charts indicate 31,000 to 30,000 as the accumulation range for the index.

Here's why Mehul Kothari recommends buying JSW Steel, Genus Power

According to the technical analyst from Anand Rathi, Genus Power has confirmed a multi-year breakout above the Rs 95 mark, and seems poised to rally towards Rs 140 in the next few months.

Tech view: Will Indonesia's palm oil export ban hurt HUL, Adani Wilmar?

Among FMCG stocks, Adani Wilmar seems to be better placed at current levels as per the technical charts.

Commodity Corner: MCX Gold, Silver futures likely to consolidate

The MCX Gold futures may seek near support around Rs 52,040; whereas Silver futures have multiple key support around Rs 65,235 and Rs 64,600.

NTPC, M&M, BPCL: 5 Nifty50 stocks that can rally up to 30% in coming days

NTPC, Adani Ports, Coal India, M&M and BPCL can rise higher, indicates technical charts

F&O Strategy: Nandish Shah recommends a Bull spread on Bandhan Bank

The derivative analyst from HDFC Securities recommends buying Bandhan Bank April 360 Call and simultaneously selling 360 Call.

ACC, Ambuja Cement, Grasim: Trading strategies for cement stocks

Ambuja Cement is exhibits a positive bias, and is likely to further gains on follow-up buying; whereas other cement stocks need to overcome major hurdles.

Trading strategies for HDFC Bank, Infosys and ICICI Pru post Q4 results

ICICI Prudential Life Insurance seems to be headed towards the 200-DMA, while Infosys and HDFC Bank need to be monitored closely over the next few trading sessions.

Upside seems limited for MCX Gold; Silver may rally past Rs 71,000-level

The MCX Gold futures are likely to face considerable resistance around Rs 53,500-odd levels; MCX Silver futures can test Rs 71,300 on the upside.

Trading Calls: Buy Welcorp, Sell UltraTech Cement, recommends Mehul Kothari

According to the technical analyst from Anand Rathi, Welcorp can rally towards Rs 240, whereas UltraTech can slide to Rs 6,400 in the coming weeks.

Airtel, Voda Idea: Telecom stocks could see up to 30% upside, charts show

Bharti Airtel needs to overcome its resistance at Rs 780 for further upside; MTNL, Voda Idea can zoom up to 30%

MCX Crude Oil, Natural Gas: Key trading levels to watch out on April 13

MCX Crude Oil futures can test the 20-DMA in the near term placed at Rs 7,900-odd level.