Stock price has broken out from the downward slopping trendline on the daily chart by adjoining the highs of April 30 and May 7, 2021
Traders should try to create short position keeping close eye on 15,200
A sharp rally in fertilizer stocks on Thursday on hike in subsidy has opened doors for more upside in the coming days
Under this analysis, an investor studies major swings or reversal points of a stock, or index, over a period of time
The immediate target for the Nifty50 index is seen above the all-time high of 15,432 odd levels
Since November 2020, RELIANCE has made almost three bottoms between 1,830 - 1,860 levels, which indicates multiple supports for the stock near the 1,830-mark
The RSI has indicated a trend reversal, showing strength, and has signaled a buy for RITES
Dr Lal PathLabs' stock seems to have lost its sheen now as we are seeing consistent corrective moves over the past few weeks
With a "Higher High, Higher low" formation, the stock of Pricol has gradually risen to higher levels recently.
Increased volumes-based buying shows market participants' keen interest in brokerage firms
Havells' stock is currently trading around the support zone of medium-term moving average (100 EMA) on the daily chart and indications are in the favor of a strong surge in near future
Confirmation of breakout in Nifty would come, once it sustains above 15,000 levels
Tata Power's stock has the strength to achieve a target of 140-160 in the coming days
HDFC AMC's stock has seen some significant increase in trading volumes from the past few trading days indicating strong hands accumulating the stock at lower levels
Automobile and financial stocks dominate the list of companies where analysts have scaled back their earnings estimates for FY22
The RSI has indicated a trend reversal for Hero MotoCorp, showing strength, and has signaled a 'buy' to suggest further upward movement in the coming days
Infosys has rebounded from the supporting trend-line on the daily chart suggesting a good opportunity to accumulate the counter
The stock's primary trend is positive where it is trading above all important moving averages
Gail has witnessed a fresh breakout on Tuesday, after spending nearly one and a half months in a consolidation range
Below 14,416, Nifty could slide towards next support of 14,150