Britannia has been trading in a broader consolidation range of Rs 3,350-3,840 for the last one year and is currently hovering in the middle
Coal India has corrected over 10 per cent in the last trading week and is trading close to the previous consolidation zone
The RSI has given a decent momentum pickup, indicating strengthen in HUL's stock and is well placed to support and justify the positive bias
We advise traders to lighten up positions at higher levels and it's better to take one step at a time for the time being
On Friday, the benchmark S&P BSE Sensex tumbled as much as 722 points in intra-day deals
NOCIL has been trading in a symmetrical triangle pattern on the daily time frame
Stock price has broken out on the daily line chart with higher volumes
The overall sentiment towards broader market stocks has been favourable with the small-cap index closing in the green for four consecutive months
On June 3, Oberoi Realty's stock surpassed the crucial double top resistance of 630 on a closing basis
MGL is on a secular bull run since the formation of its run-away gap and is now comfortably placed above all the major exponential moving averages on the daily time frame
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
MSTC's stock has been in a consolidation phase for quite some time maintaining the base near 255 levels and currently has given a bullish candle pattern in the daily chart
PowerGrid has witnessed a breakout and is placed at its lifetime high zone, indicating inherent strength in the counter
Momentum indicators are in favour of bulls
HDFC Life has formed a strong base after hovering in a narrow range for nearly a month and looks set to reverse the short-term downtrend
The reversal levels are considered as the stop loss for the trading position
MCX witnessed a splurge in the last trading session on the back of robust volumes and breached its consolidation zone
The stock of Tata Chemicals has maintained a good support base near Rs 690 levels and picked up momentum currently
Every 100 points upside level in Nifty should be treated as an immediate resistance and now this level comes at 15,800
Godrej Properties has witnessed an Inverted Head & Shoulder pattern breakout on daily chart post taking support near its long-term EMA, indicating bullish sentiment in the counter