Both the stocks seem to have bottomed out after a decent correction and now indicate a trend reversal on the charts, says the technical analyst from Prabhudas Lilladher
The BSE index declined 5.3 per cent from its recent peak of 62,245 to a low of 59,105 in intra-day trades on Friday
The technical analyst from HDFC Securities suggests that Ashok Leyland has one of the strongest set-up on the charts in the auto space
According to the technical analyst from Anand Rathi, TCS has corrected from its all-time high and is hovering near its 61.80 percent Fibonacci retracement suggesting strong support levels
Reliance needs to sustain above Rs 2,700 for a strong upward momentum, while ICICI Bank seems to be on track to Rs 900 level
Sameet Chavan of Angel Broking recommends shorting Titan and UBL as the counters look weak on the charts
The technical analyst from Prabhudas Lilladher finds both these stock attractive on the charts
The Nifty PSU Bank index has crossed major hurdle of 2,750 and is ready to surge 5 per cent
According to the technical analyst from Anand Rathi, Axis Bank is in a secular uptrend and can rally up to Rs 870
We're seeing noticeable traction in the banking pack and Federal Bank has recently witnessed a breakout from a consolidation range
To confirm short term trend reversal, Nifty needs to breach the low of 18,377 in the coming sessions
The overall market trend looks bullish; weakness, if any, may see investors buy at lower levels. Here's what technical charts indicate
CUMMINS INDIA is trading in a rising channel and is currently placed near the lower band of the channel signalling a near-term resurgence
HCL Technologies and D-Mart need to make a decisive break above near term resistance levels for further up move, while HDFC Bank may rally up to Rs 2,000 provided it sustains above Rs 1,650-level
18,000 holds key for the bulls and as long as it is defended comfortably, the bulls have no reason to worry about
The stock of Indian Bank has broken out from ascending triangle on the weekly charts
We're seeing noticeable traction in the auto space and Hero Moto is also finally resuming the uptrend, Mishra said
FSL is in a secular bull run and is placed above all its major exponential moving averages on the daily time frame
As long as the support of Rs 2,400 is defended; the negative sentiment is not going to see any exciting response from market participants. Short-term support exists at Rs 2,580 and Rs. 2,520
Considering the recent market behaviour, it is pretty clear that the bulls are not willing to loosen their firm grip so easily