Stocks Technical Analysis
Auto stocks buck downbeat market trend in May; charts suggest further gains
Given the current market volatility, auto stocks seem to be a better bet for long side trades. Select stocks like M&M and TVS Motor can rally up to another 12 per cent.
 "Auto stocks buck downbeat market trend in May; charts suggest further gains")
Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall
Selective FMCG stocks may rise up to 11 per cent, even if broader market loses more ground
 "Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall")
5 mid-cap stocks hit crucial peaks, enter next bull run; Do you own any?
These 5 mid-cap stocks may rise up to 20 per cent, as technical charts reveal positive breakouts
 "5 mid-cap stocks hit crucial peaks, enter next bull run; Do you own any?")
SBI, DLF: Trading strategies for rate sensitive stocks post RBI policy
An unchanged repo rate may propel rate sensitive stocks to rise up to 15 per cent
 "SBI, DLF: Trading strategies for rate sensitive stocks post RBI policy")
Nifty Auto likely to remain range-bound in near-term, says Ravi Nathani
According to the technical analyst, the Nifty Auto Index is expected to remain range-bound in the near term, with a potential breakout in either direction likely to trigger a directional bias
 "Nifty Auto likely to remain range-bound in near-term, says Ravi Nathani")
RIL, ONCG, OIL: Windfall tax cut may propel bullish rally of up to 15%
When a stock reaches a new definitive peak, the trend is observed to rally in the same direction in the following sessions. This could become the case for Oil & Natural Gas Corporation and Oil India.
 "RIL, ONCG, OIL: Windfall tax cut may propel bullish rally of up to 15%")
'Sell-on-rise' strategy suitable for Nifty Private Bank index: Ravi Nathani
The technical analyst recommends to employ 'sell-on-rise' strategy for Nifty Private Bank, Nifty Consumption indices in the near-term
 "'Sell-on-rise' strategy suitable for Nifty Private Bank index: Ravi Nathani")
Traders can adopt buy-on-dips strategy for Nifty, Nifty Bank: Ravi Nathani
The technical analyst recommends to employ 'buy-on-dips' trading strategy for Nifty, given positive outlook for the index in the short term
 "Traders can adopt buy-on-dips strategy for Nifty, Nifty Bank: Ravi Nathani")
Nifty Commodities show bearish trend, suggest 'sell-on-rise': Ravi Nathani
The technical analyst recommends traders to employ a "sell on the rise" strategy when trading Nifty Commodities, given that its short-term pattern appears to be trading within a range of 5,600-5,400
 "Nifty Commodities show bearish trend, suggest 'sell-on-rise': Ravi Nathani")
Manappuram, MGL: Select small-cap stocks are poised for bigger upside
Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts
Bias for Nifty likely to remain bearish below 17,210: HDFC Securities
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to Buy Mahanagar Gas and Dr.Reddy's Labs.
 "Bias for Nifty likely to remain bearish below 17,210: HDFC Securities")
Inverse H&S in pharma index could revive a positive bias for short-term
Pharma shares like Aurobindo Pharma, Zydus Lifesciences, Sun Pharmaceutical Industries Ltd, Glenmark Pharmaceuticals may rise up to 14 per cent.
 "Inverse H&S in pharma index could revive a positive bias for short-term")
Charts suggest Nifty Auto in 'oversold' zone, rebound likely: Ravi Nathani
According to the technical analyst, traders should adopt a buy-on-dips approach for the Nifty Auto index, with a minimum target of 12,236
 "Charts suggest Nifty Auto in 'oversold' zone, rebound likely: Ravi Nathani")
OFS may trigger sell-off in HAL shares; is it time to accumulate or avoid?
Hindustan Aeronautics shares may dip up to 20 per cent upon breaking key support.
 "OFS may trigger sell-off in HAL shares; is it time to accumulate or avoid?")
Traders can adopt 'buy-on-dips' strategy for Nifty: Ravi Nathani
According to the technical analyst, the best trading strategy for traders would be to buy on dips with a strict stop loss of 16,800 on a closing basis for Nifty
 "Traders can adopt 'buy-on-dips' strategy for Nifty: Ravi Nathani")
HDFC AMC, UTI AMC: AMC stocks may fall up to 15% on debt fund tax blow
Selective AMC stocks like Nippon Life India Asset Management and Aditya Birla Sun Life Amc could slip up to 15 per cent, show technical charts
 "HDFC AMC, UTI AMC: AMC stocks may fall up to 15% on debt fund tax blow")
F&O call: Here's why you should buy SBI Put option for March series
The stock is placed below all important moving averages, which indicates a bearish trend on all time frames, says technical analyst from HDFC Securities
Traders can adopt 'buy-on-dips' strategy for Nifty Media: Ravi Nathani
According to the technical analyst, the Nifty Media Index is currently displaying a range-bound pattern, with fluctuations occurring within a prescribed range
Bajaj twins hit new lows every month since November 2022; weakness persists
Every reversal in Bajaj twins is expected to face sell-off, until key levels are not conquered, with aggressive volumes.
Nifty showing signs of a trend reversal, says Vinay Rajani
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends a Buy on Coromandel International and Zensar Tech.
 "Nifty showing signs of a trend reversal, says Vinay Rajani")
