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
Moving averages and technical patterns suggest that the upside momentum in Tata Group stocks is likely to stay high despite the recent developments
Power Grid is continuously trading above 200-weekly moving average (WMA) since June 2014.
Golden Cross is defined as an indicator of a major rally. It is essentially a crossover of short-term moving average with the long-term moving average.
Formation of "Higher High, Higher low" in Adani Green may indicate further upside towards Rs 190 levels in the coming year
Gaps are areas on a technical chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between
The daily, as well as weekly, MACD for Nifty, is still in buy mode; hence, the bulls still have an upper hand on that front
A double bottom is formed following a single rounding bottom pattern which can also be the first sign of a potential reversal
Even as Adani Transmission hit new lifetime high on Tuesday, most power sector stocks are showing bearish signs. Here is how they look on the technical charts
A Golden Cross breakout can trigger an upside rally in DLF
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
The Nifty Bank has seen a sharp rally from 27,750 to 32,150 levels in the last 33 sessions. It witnessed one session of a "gap-up" close, whose range of 30,860 - 30,789 is not even filled
Hero MotoCorp, Mahindra & Mahindra (M&M), and Tata Motors have slipped in the range of 8-11 per cent over the last one month.
The finance minister stated the strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of Rs 1 trillion for the current fiscal year.
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
At current levels, the Nifty 50 is testing the 12,000 mark. Here is the list of stocks in Nifty 500 that are trading in overbought zone and could see some correction in the days ahead
HUL has seen a strong selling pressure above Rs 1,850 levels before breaking out after the government cut corporation tax.