Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Except BPCL, the others show a weaker trend. However, the correction seems to have slowed down.
In a bearish market, or where the trend starts to turn negative, traders and investors need to be extra careful while executing a trade
IRCTC has risen over 50 per cent in just eight sessions. Bajaj Finance, YES Bank and Godrej Properties have also rallied in trade since the last few sessions. Here are the trading strategies
A successful close above Rs 1,500 can take the counter towards Rs 1,617 levels, which is its lifetime high level
The Nifty seems to have completed wave B of the bounce and wave C up on the hourly charts is expected
Godfrey Phillips is approximately Rs 100 away from the lifetime high of Rs 1,572 level.
All the major cement stocks are trading with breakouts, signaling higher levels in the coming sessions. Any boost in Budget may trigger another 10 per cent rise in a short span
The Nifty is likely to bounce till 12,300 levels in the short-term after which it is again likely to correct
Consolidation in Axis Bank may see breakdown if the counter closes below 100-DMA for two consecutive days.
The pattern consists of a shape that have three peaks which are categorised into the left shoulder, head and the right shoulder.
The Nifty has provided a sell crossover on its hourly charts and with that, the index seems to have reversed the overall trend in the short term.
The overall outlook for the rail-related stocks looks promising.
The daily, as well as weekly momentum indicator MACD for Nifty, is well in the buy mode
Infosys and TCS are waiting for their respective range breakouts
In the last several years, the stock has crossed Rs 480 for about five times during intra-day but could never close above the level
The target level is usually the difference between the low of the rounding bottom and the price where the actual breakout happened.
A technical outlook on Indian oil marketing companies (OMCs) amid US-Iran tensions
A look at what technical charts indicate for these stocks.
The daily, as well as weekly momentum indicators in Nifty, have provided a buy crossover