VOLTAS has seen strong reversal candlestick pattern formation near its 200 DEMA on the daily chart on the back of robust volumes, indicating an early sign of reversal in the counter
Ashok Leyland stock has witnessed a decent correction from Rs 143 level and bottomed out near the significant 200-DMA level of Rs 116
Aurobindo Pharma has corrected over 35 per cent from its lifetime high and has plunged below all its major exponential moving averages
SBI LIFE has been consolidating in a narrow range near its lifetime high zone from the past few trading weeks, indicating the formation of a strong base before another round of rally
Traders are advised to remain light for a while and the ideal strategy would be to look at the individual stocks than the benchmark index
We're seeing recovery in the energy pack and oil marketing companies (OMCs) are also trading in sync with the move. Among these, IOC looks set to move higher
The stock of BSE has witnessed a decent correction from 1,400 level and has bottomed out at 1,070, near the significant 50EMA level of 1,065, and is showing signs of reversal
The stock of Hindustan Unilever (HUL) is hovering near 21 DEMA
JM FINANCIAL has re-tested the breakout zone of the recently made 'cup & Handle' pattern on the daily chart
We are not at all advising to go against the current trend; but at least taking some money off the table on existing positions is always a good ploy, he says
The stock of Laurus Labs is primarily in an uptrend and maintains the cycle of higher highs higher lows on all time frames
Immediate target for Nifty is seen at 16,300-16,400 range while support has shifted up to 15,950 in Nifty
Considering the historical trend, 'August' month is known for bigger moves. So it would certainly be interesting to see which direction market decided to move in
The stock of TCS has corrected and has bottomed out near 3,170 level, taking base near the trendline support zone
The secular uptrend in KIE Industries' stock has proved all minor corrections to be good accumulation points for the bulls
The stock price of Colgate has broken out on the daily chart where it closes at all time high levels
The stock of Federal Bank has broken out from a downward sloping trend-line on the daily chart.
FDC is in secular uptrend and is in the cycle of higher highs higher lows suggesting inherent strength in the counter
During the first half of this week, 15,750 - 15,800 are the levels to watch out for and the first of sign of strength would come only after reclaiming 15,800 on a closing basis
IGL has witnessed a breakout from the consolidation range of Rs 500-545 levels after spending nearly four months there