The stock has formed a bearish Harami candlestick pattern on the daily chart which is considered as a bearish reversal pattern.
We can witness a short-covering move along with the addition of a fresh position only if Nifty breaches 13,000.
Bata India has been trading in a range for the last seven months, after a sharp slide from its record high.
According to Axis Securities, the small and midcaps are picking up steam and they should deliver solid returns in 2021 as economic uncertainties will reduce and volatility will decline
If there is no escalation in geopolitical concerns and Covid-19 cases, the Indian markets are likely to continue their northward trajectory
Recently, gas distribution companies have been in limelight
Analysts are optimistic that the stimulus measures and the five back-to-back rate cuts will help narrow this divergence in the new Hindu financial year -- Samvat 2076 -- that gets underway Sunday
Nifty outlook and top stock picks by Chandan Taparia, Derivatives & Technical Analyst, MOSL
Trading ideas by Sacchitanand Uttekar, AVP - Technical (Equity), at Tradebulls
Here are a few trading ideas from Chandan Taparia of Anand Rathi
Bajaj Auto, Petronet LNG, Maruti Suzuki and more