Canara Bank crossed the 200-day moving average (DMA) for the first after July, 2019.
Indraprastha Gas stock is seeing a strong resistance at 490 levels on weekly charts. If it manages to breach this level decisively, then the upside may see a rally towards Rs 525 and Rs 555 levels
Stock price has broken out on the daily chart with higher volumes where it closed at nine-month high
A fresh buy crossover can be seen on MACD indicators for HCL Tech, and RSI has reversed from the oversold territory which hints at a strong pullback in the short term
The chart pattern and positioning of oscillators are pointing towards a sharp up move in Aurobindo Pharma in the near future
Nifty50 index also remains above the 20-day SMA and has now closed at a new life time high after clearing the recent highs of 12,963
The stock of Wipro is also trading well above its short-term and long-term moving averages
Traders should not to trade aggressively now and rather continue with a stock-centric approach
The stock of SBI Cards has taken support near 770 levels to make a double bottom formation pattern in the daily chart and has picked up momentum to improve the bias
Long build up is seen in the Exide Futures' where we have seen 7 per cent rise in the Open Interest with price rising by 4 per cent
The momentum indicator RSI has also breached the falling trend line and MACD provided a fresh buy crossover on the daily chart which hints of further positive momentum in Divis Labs
Moving averages have a great role in the channel breakout
At current levels, midcap and smallcap stocks look more attractive than largecaps
HDFC Life has been gradually inching higher, after spending nearly a month in consolidation range, while holding strongly above the support zone of the long term moving (200 EMA) on the daily chart
As the Sensex and Nifty scaled record peak, various stocks have entered the overbought condition of RSI.
The momentum indicator RSI has reversed from its oversold territory and is showing signs of reversal in Wipro
For Nifty, 12,430.50 is the first level to watch, and post that, the theoretical target of the 'Flag' pattern is around 12,700
The RSI indicator of DCB Bank has shown a trend reversal and has indicated strength to maintain a positive bias
We can witness short-covering move along with addition of fresh position only if Nifty breaches 12,300
Short-term trend of Hindustan Petroleum Corporation Ltd's (HPCL's) stock has turned positive where it is trading above its 5 and 20-day EMA