Page 41 - Market Technicals

SBI, HDFC Bank: Trading strategies for bank stocks post RBI's GNPA warning

Nifty Bank index may hit record levels of 33,000 if it surpasses the resistance of 32,300

Stock picks by Nilesh Jain of Anand Rathi: Buy Hero Moto, Colgate Palmolive

The volume in Colgate Palmolive stock was higher than average on January 11 which supports the price action and we can expect the upside momentum to continue

HUL, ITC, Tata Consumer: FMCG sector on verge of breakout; stay invested

ITC stock is struggling to conquer the resistance of Rs 215 to Rs 220 levels. The downside support stays at Rs 200

Two trading ideas by Vaishali Parekh of Prabhudas Lilladher

Technical charts indicate a trend reversal in Can Fin Homes and Schneider Electric stocks with potential to rise further in the coming days

TCS, Infosys: Positive Q3 results may trigger next leg of rally in IT stks

In a departure from past trend, analysts believe that Indian IT companies may post a strong performance for the third quarter of FY21 (Q3FY21)

Trading strategies for Gold and Aluminum by Bhavik Patel of Tradebulls Sec

Low interest rate is also making gold an attractive bet. We might see inflation coming up in 2021 so that will also be another positive factor for gold

Different chart types used in technical analysis and how to read them

The three basic charts are: Line charts, Bar charts, and candlestick charts

Nifty needs to hold 14,100 to remain in uptrend: Gaurav Garg of CapitalVia

We can witness profit booking only if Nifty breaks level of 14,000. Therefore, traders should try to create long position keeping close eye on 14,000

ONGC, Asian Paints: Bull sentiment intact in oil-linked stocks, charts show

Shares of Oil and Natural Gas Corporation (ONGC) rose as much as 4.6 per cent to hit an intra-day high of Rs 99.35 apiece on the BSE, while those of GAIL and BPCL gained up to 3.5 per cent

Immediate target for Nifty is at 14,310: Vinay Rajani of HDFC Securities

Support for the Nifty index has shifted to 13,950 levels

Gold prices climb to 8-week high; is it time to invest in gold financiers?

The trend in Muthoot Finance's stock looks promising as it is trading well above the 200-days moving average (DMA) placed at Rs 1,059 levels

BEML, RCF: Divestment may trigger a breakout in PSU stocks, charts show

If the Nifty PSE Index sustains above 2,800 levels on the closing basis, it may see a rally towards 3,100 levels

Nifty eyeing 14,200; broader markets to outrun benchmarks: Sameet Chavan

The real action lies in the broader markets which may continue to provide better trading opportunities

Trading strategies for Bharat Forge and Escorts by Vaishali Parekh

The stock of Bharat Forge is currently indicating a momentum pick up to improve the bias with a trend reversal

Escorts, M&M: Tractor stocks could see 20-30% upside, charts suggest

Tractor stocks such as M&M and Escorts are indicating a bullish outlook for coming sessions

Three stocks that Nilesh Jain of Anand Rathi Shares is bullish on

The stock of Hindustan Petroleum Corporation (HPCL) has formed a strong base at around 205 levels and is making a higher top and higher bottom formation on the daily chart

Stock suggestions by Gaurav Garg of CapitalVia: Buy Maruti Suzuki, Voltas

The stock of Maruti Suzuki India might show further strength if it moves above 7,620

Stock market outlook: Bull run to continue in 2021; Nifty may hit 15,000

If the current bull sentiment remains intact, the Sensex may scale 51,000 while the Nifty50 may hit 15,000 in 2021

Cycle indicators that traders can use to predict stock movement

The two major cyclical indicators that assists in identifying the shift in cyclical trend are: Commodity Channel Index (CCI) and Detrended Price Oscillator (DPO)

Trading calls by Ajit Mishra of Religare Broking: Buy Cipla, Eicher Motors

Eicher Motors' stock has been witnessing profit taking for the last one month, and is likely to see a gradual recovery from hereon