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.
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
Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing
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
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
The stock of HUL indicates a positive trend reversal on technical charts
Nifty50 can witness profit booking only if it breaks level of 14,500
We're seeing consistent buying interest in the pharma pack and Lupin is also catching up with the other pharma majors
The Nifty50 has recovered more than 62 per cent of the entire fall which was registered from 14,653 to 14,222
Bajaj Finance stock earlier formed a "double top" formation and, since then, has been witnessing a continuous fall
Immediate resistance for the Nifty is seen at 14,890
The volume in Colgate Palmolive stock was higher than average on January 11 which supports the price action and we can expect the upside momentum to continue
Technical charts indicate a trend reversal in Can Fin Homes and Schneider Electric stocks with potential to rise further in the coming days
The stock price has already broken out on the daily chart on 6th January. Moreover, insurance as a sector is showing strength on the chart
We can witness profit booking only if Nifty breaks level of 14,000. Therefore, traders should try to create long position keeping close eye on 14,000
Among the private banking majors, Axis Bank has witnessed a fresh breakout on January 5, after spending nearly one and a half months in the consolidation range