With a strong gap-up on March 2, 2021, BPCL stock is near the resistance range of Rs 481 to Rs 483 levels
With a strong up move on March 1, 2021, the stock of Sun Pharmaceuticals now needs to cross the resistance of Rs 620 mark to see a breakout rally towards Rs 640 and Rs 655 levels
The technical outlook continues to show more upside in these stocks
Markets have been volatile since the past few sessions with the S&P BSE Sensex giving up the 52,000 levels after a record run since March 2020 low
The middle EMA acts as support/resistance level in Keltner Channel
HDFC and HDFC Bank are expected to perform better in coming months as per the charts.
The monthly chart shows a strong bullish sentiment if the stock closes above 95,000 levels
The Brexit deal removes a major overhang on equity markets worldwide
Among the Nifty 500 stocks, nearly 370 stocks are trading on the upper side of the momentum indicators
Few pharma stocks are expected to weaken at higher levels.
Major paper stocks have crossed their respective 200-DMA.
Realty stocks are showing strong upside momentum
Indraprastha Gas stock is seeing a strong resistance at 490 levels on weekly charts. If it manages to breach this level decisively, then the upside may see a rally towards Rs 525 and Rs 555 levels
Major stocks are showing upside bias with support from moving averages and technical parameters
Nifty Mid and Small caps 100 are showing strong upside.
The formation of a "Death Cross" on BPCL has disrupted the upside bias lately. Here is how stocks of oil marketing companies look on the technical charts
The state-owned lender on Wednesday posted a 51.88 per cent growth in net profit for the second quarter ended September 2020 (Q2FY21).
Major stocks are preparing for next leg of breakouts.
As long as Bharti Airtel's stock is able to defend Rs 440-mark, the upside bias may lead to upward rally towards Rs 480 and Rs 510 levels
For Sensex, Nifty50, and Nifty Bank, the underneath trend is bullish till the crucial support levels are held on a closing basis.