According to the technical analyst from Anand Rathi, JINDALSAW has seen a strong resurgence in the last two sessions backed by robust volumes indicating soaring demand at lower levels
The current market sentiment is uncertain and may provide opportunities in major stocks. Here are five bank stocks that look good on the technical charts for a 10 per cent upside in one month
Shares of Raymond Ltd and IOB are showing extreme bullish outlook on the charts
The technical & derivative analyst from HDFC Securities expects weakness in Nifty to continue
According to the technical analyst from Anand Rathi, Bharti Airtel has been placed at its lifetime high zone and that too has been backed by robust volumes indicating inherent strength at the counter
Food and food-related players are expected to jump up to 15 per cent in coming days
Auto ancillary stocks may jump up to 15 per cent in upcoming sessions
The technical & derivative analyst from HDFC Securities recommends buying Chambal Fertilisers and Info Edge
However, the technical analyst from Religare Broking recommends to short sell Hindalco November futures
According to the technical analyst from Anand Rathi, Dabur has seen some strong resurgence from its 200-DEMA in the recent period
Both the stocks seem to have bottomed out and select indicators on the charts have turned favourable for these stocks, says the technical analyst from Prabhudas Lilladher
Shares of Arvind Limited have formed a "Golden Cross" symbolizing a positive outlook for the upcoming sessions, according to the daily chart
The derivative analyst from HDFC Securities recommends this strategy based on the following four rationales
According to the technical analyst from Anand Rathi, most technical indicators are in favour of the bullish bias for these three stocks
The present scenario hints a strong momentum in the cement stocks, wherein shares of ACC, Grasim and UltraTech Cement are claiming new uncharted territory with firm volumes
According to the technical analyst from Anand Rathi, TATAMTRDVR is strongly poised to surge higher in the near future as the technical chart construes sturdy formation post its gap-up setup
The technical analyst from Religare Broking recommends to buy and accumulate these stocks in the given range
According to the technical analyst from Anand Rathi, after Monday's movement ICICI Bank also looks good on chart for an upside target of Rs 840
Jewellery related stocks have witnessed massive gains since last Dhanteras and continue to trade with a firm bullish bias, indicating more upside for the shares.
Both the stocks seem to have bottomed out after a decent correction and now indicate a trend reversal on the charts, says the technical analyst from Prabhudas Lilladher