In the past couple of sessions, the stock of LIC Housing Finance has consolidated near the previous high, indicating strong hands accumulating the counter at higher levels
We can witness short-covering move along with addition of fresh position only if Nifty breaches 15,250
The trend of midcap and smallcap stocks has been strong and stock specific bullishness is likely to continue
Hindpetro has witnessed a strong rebound after forming a base above the support zone of moving averages ribbon on multiple time frames
Support for the Nifty is seen at 14,336 odd levels, where 50 days EMA is placed
The stock of Adani Power has improved the bias with decent volume participation
The stock price of IOC has broken out on the daily chart (Adjusted for dividend) where it closed at highest level since March 2020 with higher volumes
LIC Housing Finance has witnessed a fresh breakout of late, after spending nearly a month in a consolidation range
The stock of Nestle India has witnessed a gradual correction and has consolidated near the 200-DMA level of 16,950, maintaining a decent support.
The stock of Dhani Services is sustaining above important moving averages
Nifty, Bank Nifty and Financial Nifty indices have been forming candle with the small body for the last three consecutive sessions, which indicates that bullish momentum is getting lost
HDFC Life has been strongly maintaining an uptrend for the last one year and is currently trading closer to its record high
We have witnessed a good base building in the ITC stock and finally, it has managed to come out of its slumber
The RSI indicator has indicated a trend reversal near the oversold zone to signal a buy in Hindustan Unilever (HUL) stock
Technical indicators RSI and MACD hint of fresh upside momentum in the IRCTC stock
Ambuja Cement surged almost vertically from the support zone of the medium-term moving average (100 EMA) on the daily chart and made a new record high as well
While there is a possibility of consolidation in the Nifty50 index after a sharp rally, stock specific moves could continue on the upside
The momentum indicator RSI and MACD are very well in the buy mode in HDFC AMC stock
The momentum indicators and oscillators have reached the oversold territory in IRCTC stock, and are showing signs of reversal
Pidilite's stock is in a secular uptrend and has formed a bullish Harami candlestick pattern on the daily chart