Adani Gas, HEG, and Hindustan Copper are expected to rally up to 20 per cent upon surpassing their resistance levels
The basic philosophy of CCI is based on the assumption that commodities, stocks and bonds trade in a cycle with a peak and a trough arrived at on a periodic basis.
Maruti's stock has sneaked below its 200 DEMA but, on the weekly scale, it has tested its 200 week EMA which is a much stronger support
Recently, the stock of Divi's Labs has given a weekly range breakout, making a new high of 4133, supported by volumes
The chart of Grasim looks attractive and, with the RSI also improving with a trend reversal, the indicators suggest strength to signal a buy
Quess Corp's stock is forming bullish flag pattern on daily charts
One can expect up to 7 per cent gain in NBFC stocks if the positive momentum is held decisively
The short term trend is positive where the stock is trading above its 5-, 20- and 50-day EMA
HEG stock after trading with a strong uptrend recently underwent some consolidation
Upon crossing the immediate resistance, Axis Bank's stock may see a rally towards Rs 750 and Rs 765-mark
On Tuesday, the stock of SBI has given breakout from the downward sloping trend line
Most metal stocks are trading at their record highs and showing no sign of slowing down
From 740 in November 2020, Thermax entered an uptrend, making several higher bottoms at 880-940-1140
Off late, the private banks have underperformed but they are showing signs of base formation
We anticipate for further upside movement in the coming days in HDFC and RITES stocks
All the three insurance stocks are successfully holding the support of 200-DMA and may see upside of over 5 per cent in the near-term
The short-term trend of the stock turned positive as stock price closed above its 5-day EMA, first time after 07-April 2021
This pattern indicates a negative sentiment in the stock which, if met with follow-up selling, can aggravate the negative sentiment further
The sustained level below 14,190 could drag Nifty towards 13,600-odd levels
The price pattern is very strong on the technical parameters and Dr Reddy's Labs could outperform once there is more clarification on the developments of vaccine