Motherson Sumi has witnessed a breakdown from a distribution pattern on the daily chart
Major banking stocks have broken crucial supports
The stock of Adani Ports has seen some correction from its lifetime highs and, in the last two days, it witnessed a reversal
Price-wise, BPCL's stock seems to have a sturdy structure on the weekly time frame and, looking at the lower degree chart, the recent price correction appears to have completed
RSI Indicator has given 'buy' signals on Biocon and VIP Industries' stocks
On the indicator front, the MACD is comfortably placed above its signal-line and the 14 period RSI is soaring northwards, affirming that Ambuja Cements' stock may surge in the coming future
Shares of Nocil and Butterfly Gandhimathi Appliances are seeing buying momentum even in the overbought territory, indicating underlying strength
Although there are ups and downs in the market cycle, having an in-depth understanding of these phases facilitates the trading behaviour and improves the trader's morale
HCL Tech has surpassed the hurdle of the previous swing high of late and is gradually inching towards its record high
The primary trend of the markets is bullish as short term moving averages are trading above medium to long term moving averages and Nifty has been holding higher tops and higher bottoms
If IDFC First Bank stock stays above the Rs 70-mark, it may rally in the direction of Rs 120 and Rs 135 from a medium-term perspective
With Friday's move, 15,200 - 15,400 has become a sturdy wall for Nifty and it would really be a daunting task surpassing this in the absence of any major trigger
The chart of Bajaj Auto looks attractive with the RSI also improving the bias and indicating a trend reversal to signal a buy
L&T Tech's stock price has broken out from the long-term consolidation, which it held for the last two months
Most IT stocks are holding strong despite the recent volatility in the market and now look upbeat for a rebound
HDFC Life is continuously holding the support of 50-DMA, currently place at Rs 702 mark
At current juncture, Bandhan Bank's stock is hovering just above the clusters of moving averages on daily chart
Hindustan Unilever has shown signs of picking up momentum, thus improving the bias, and has the potential for an upside from hereon
The stock price has broken out on the daily chart where it closed above 200-day EMA with higher volumes
In the past couple of sessions, the stock of LIC Housing Finance has consolidated near the previous high, indicating strong hands accumulating the counter at higher levels