Tata Coffee witnessed a consolidation breakout on the back of an increase in average trading volumes in the last trading session, suggesting a positive outlook
Kotak Bank stock has been moving within a tight range for quite some time and is currently taking support near the significant 200DMA level of Rs 1,737
Britannia has been trading in a broader consolidation range of Rs 3,350-3,840 for the last one year and is currently hovering in the middle
Coal India has corrected over 10 per cent in the last trading week and is trading close to the previous consolidation zone
We advise traders to lighten up positions at higher levels and it's better to take one step at a time for the time being
MGL is on a secular bull run since the formation of its run-away gap and is now comfortably placed above all the major exponential moving averages on the daily time frame
Jubilant FoodWork's stock price is forming bullish higher top, higher bottom formation on the weekly and monthly charts
MCX witnessed a splurge in the last trading session on the back of robust volumes and breached its consolidation zone
Godrej Properties has witnessed an Inverted Head & Shoulder pattern breakout on daily chart post taking support near its long-term EMA, indicating bullish sentiment in the counter
The stock price of Bajaj Finance has broken out on the daily chart by surpassing the resistance level of 5800 with higher volumes
The Nifty has recently made higher bottoms at 14,416, 14,591, and 14,884 and continues to trade above the 20 and 50-day SMA, which gives further evidence of an uptrend
IGL has been consolidating in a range for the last three months while holding firmly above the support zone of the long-term moving averages
On the flipside, 15,300 - 15,150 - 15,000 are to be considered as immediate supports.
LTI has reversed its trend from the previous swing low and is currently placed well above all its major moving averages on the daily chart
The stock price has already broken out from the downward slopping trendline on the daily chart
The Tata Power stock is placed well above all the major moving averages suggesting an inherent strength
A positive move in M&M Financial Services above the 200-DMA level of 163 would further strengthen the bias
Looking at the broad-based participation on Friday, especially the way banking space is poised, we will not be surprised to see the index heading towards record its high in the first half of this week
DMART has recently witnessed consolidation range breakout on the back of an increase in average traded volumes indicating fresh hands accumulating the counter
Traders should try to create short position keeping close eye on 15,200