Similar to Aptus Value Housing Finance's stock, ABFRL confirmed a major breakout from the falling trend line formed by joining two prominent swing highs
Laurus Labs Ltd, Endurance Technologies Ltd may surge over 30 per cent whereas small cap stocks like Avanti Feeds Ltd, BASF India and Rain Industries could jump up to 40 per cent from current levels
Vodafone Idea can jump up to 40% from current levels, while Bharti Airtel may see a 6 per cent rise.
Nifty should be held long with the stoploss of 16,650.
The underneath strength, preferably read as price action, has been able to hold ground around the major neckline supports for these stocks
The stock price of Infosys has broken out from the downward sloping trendline on daily chart
The stock of Bandhan Bank has been underperforming the banking index and is still struggling below the resistance zone of moving averages
After the correction, the stock of Bata India has taken support near the trendline support zone of 1,850 and has indicated a reversal to bottom out
The risk reward ratio for CEAT looks highly lucrative at current levels to go long for a bounce.
when the overall market translates form a negative sentiment to a positive outlook, the consolidating stocks are expected to robustly breakout on the upside
The technical & derivative analyst from HDFC Securities recommends buying SAIL and and Hindalco
The derivative analyst from HDFC Securities recommends buying December 1760 Call and selling 1800 Call of Infosys based on the following four rationales
Stocks bearing breakout on moving averages, price strength and technical indicators are ready to see steady upside of up to 9 per cent
A larger correction is likely once the 16,782 supports are broken
According to the technical analyst from Anand Rathi, JINDALSAW has seen a strong resurgence in the last two sessions backed by robust volumes indicating soaring demand at lower levels
The current market sentiment is uncertain and may provide opportunities in major stocks. Here are five bank stocks that look good on the technical charts for a 10 per cent upside in one month
Shares of Raymond Ltd and IOB are showing extreme bullish outlook on the charts
The technical & derivative analyst from HDFC Securities expects weakness in Nifty to continue
According to the technical analyst from Anand Rathi, Bharti Airtel has been placed at its lifetime high zone and that too has been backed by robust volumes indicating inherent strength at the counter
Reliance Industries' stock needs to defend Rs 2,340, whereas Bharti Airtel can jump up to 12%