The RSI on Voltas' stock is also on the rise and has signaled a buy
Long build-up is seen in the Escorts Futures'
Cipla may see profit-booking around Rs 360 to Rs 367 levels, as per the weekly chart.
While considering a larger outlook, one needs to look at signals wherein the change in trend holds over a month or a quarter.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Maruti's stock price has risen more than 10 per cent with significant rise in volumes
Despite the stimulus measures by the government and the Reserve Bank of India (RBI), financial sector stocks, including those of non-bank finance companies (NBFCs) have taken a hard knock
A trader who looks for short-term gains, hold positions for a week or fortnight.
The trend looks weak below 5,000 levels for the Nifty Auto index. Although the current formation claims consolidation with lower support around 4,600 levels, the trend remains short on upward rallies
The primary trend of Ipca Lab's stock has been bullish with higher tops and higher bottoms on the weekly and monthly charts
For Nifty Bank, the immediate resistance comes in the range of 20,500 to 20,000 levels
Nifty PSU Bank index is showing a consolidation in the range of 1,600 to 1,200 levels. On the other hand, 22,000 mark is crucial for Nifty Bank.
The RSI Oscillator is showing strength in the stock
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
The reversal may see selling pressure at higher levels. However, the downside significant supports stand still in these corrective moves.
While taking a bigger perspective on the trend, the daily volume chart might not perfectly depict the scenario. The weekly, monthly or year volumes chart facilitate in taking a call on the same
Breakout from 240 would lead Bandhan Bank's stock to witness more upward movement
Whenever the Nifty pharma index has dipped below oversold territory on the Relative Strength Index (RSI), it has seen a stable rise.
VIX is meant to indicate investors' perception of the annual market volatility over the next 30 calendar days.
Mindtree will see an upside bias once it breaks out above Rs 920 levels