Page 5 - Market Technicals

Here's why Mehul Kothari recommends to Buy ABFRL, EaseMyTrip

According to the technical analyst from Anand Rathi, ABFRL can rally to Rs 285, while EaseMyTrip can jump to Rs 60.

Charts suggest Nifty Energy index could bounce back, says Ravi Nathani

According to the technical analyst, in the past four days, the Nifty Energy index appears to be encountering resistance at 22,650, and a violation of this level could signal the start of accumulation

Here's why Ravi Nathani is bullish on Nifty 50 index in the near-term

Traders must adopt a bullish stance on the market as the Nifty 50 index closed above 17,870, indicating that bulls are likely to be stronger than bears in the near-term, says Ravi Nathani

Here's why Vinay Rajani is bullish on Dr Reddy's, Oracle Financial Services

As per the technical analyst, the Budget session high of 17,973 and low of 17,353 have become crucial levels to watch out for any directional move in the Nifty index

Technical chart: Is this the right time to buy Vodafone Idea shares?

Back in 2012, when the stock climbed over the same average, the stock price doubled in three years. The 50-MMA has become a decisive indicator for the shares of Vodafone Idea.

Mehul Kothari suggests going long on Bajaj Finance, Aditya Birla Fashion

On the daily scale, Bajaj Finance is witnessing a fresh breakout which indicates a short term reversal

Britannia, ITC: Bet on FMCG stocks as index poised to record historic peak

A new all-time high on Nifty FMCG index may trigger up to 25 per cent upside in selective stocks

Traders can adopt sell-on-rise strategy on Bank Nifty, says Ravi Nathani

According to the technical analyst, the Bank Nifty is likely to exhibit a negative bias as long as it remains below 42,850.

TCS, Persistent: Breakout in IT index may trigger up to 9% rally in stocks

Shares of Tata Consultancy Services, Infosys, HCL Technologies, Coforge and Persistent Systems are indicating chart structures that reflect resumption of their short-to-medium term upmove.

Look to accumulate pharma, media shares near support levels: Ravi Nathani

According to the technical analyst, the Nifty Pharma index is likely to get support around 11,981 level.

Mehul Kothari recommends to buy Astral above this level

According to the technical analyst from Anand Rathi, Astral may witness a strong upside momentum on breakout above Rs 2,085.

LIC, HDFC Life, SBI Life: Budget 2023 proposals dismantle bullish trends

Technically, prior to this announcement, the price structure of SBI Life Insurance Company and Max Financial Services were highlighting a bullish sentiment and were on the verge of the next up move

Ravi Nathani recommends to wait for correction to complete in these sectors

According to the technical analyst, the Nifty Realty, Pharma and Media index and its constituents can be accumulated once the corrective move is over.

ITC, NTC Ind: Strategies for Cigarette-related stocks after duty hike

ITC stock needs to sustain over Rs 350 to embark a new bull-run

Trading strategy in Nifty on the Budget Day by Vinay Rajani

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends Buy on RCF and Triveni Engineering.

Ravi Nathani recommends placing bearish trading bets on Nifty Metal index

According to the technical analyst, the Nifty FMCG index is gyrating in a 1,000-point range, a breakout from the same could trigger a fresh trend.

Nifty PSU Bank, Finance indices likely to pullback, says Ravi Nathani

Meanwhile, the NIFTY Pvt Banks Index is expected to seek support between 19,936 and 19,916 range, says the technical analyst.

Rail Vikas, Titagarh: Bullish trend in railway-related stocks may continue

Rail Vikas Nigam, Titagarh Wagons and Texmaco Rail & Engineering may soar up to 18 per cent in coming sessions

MCX Gold likely to consolidate; Silver may re-test Rs 70,000

The MCX Gold futures are likely to consolidate in a trading band of Rs 56,100 to Rs 57,300 in the coming trading sessions.

More downside seems likely on the Nifty, Bank Nifty, says Ravi Nathani

According to the technical analyst, the key support for the Nifty is at 17,475, below which the NSE benchmark can slide to 17,040 and 16,660 levels.