The MCX Silver July futures are currently trading below all its key moving averages; similarly, MCX Gold futures need to break above Rs 51,870 for further up move to emerge.
The MCX Crude Oil futures may seek support around the 50-DMA at Rs 7,716; while the bias for Natural Gas is likely to remain bullish as long as it sustains above Rs 525.
MCX Crude Oil futures can test the 20-DMA in the near term placed at Rs 7,900-odd level.
The overall chart outlook hints at a rally towards the Rs 2,000 mark for the stock.
Coal India, GNFC, Cholamandalam, Fine Organic and Hitachi Energy can easily provide up to 14 per cent upside, indicate charts.
Major stocks have broken out on upside, any trigger in Budget 2022 could see sharp up move
Shares of the major private insurers, HDFC Life and ICICI Prudential are seen testing key support levels currently.
Budget 2022 can spark much awaited upside in the EV related stocks
There are other stocks which may show breakout structure, but still possesses the risk of high volatility and momentum, that may shift in any situation.
Tata Consumer seems to have bottomed out near Rs 700 level, and has gradually picked up momentum to improve the bias, says the technical analyst from Prabhudas Lilladher
These stocks have corrected between 10-20 per cent over the last one month relative to benchmarks' 3 per cent fall. Here's a possible way forward for these stocks
A Death Cross, Descending triangle and a breach of significant levels reflect downside up to 16% for these banking shares
The technical & derivative analyst from HDFC Securities recommends buying SAIL and and Hindalco
The derivative analyst from HDFC Securities recommends buying November 1020 strike Put based on the following four rationales
The key benchmark indices may record new all-time high levels in Samvat 2078, provided they conquer the near-term significant resistance levels.
The BSE index declined 5.3 per cent from its recent peak of 62,245 to a low of 59,105 in intra-day trades on Friday
The stock of Indian Bank has broken out from ascending triangle on the weekly charts
According to the technical analyst from Anand Rathi all three stocks have been consolidating and now set for a good breakout
Tata Power and Coal India are witnessing strong momentum based buying, while Indian Energy Exchange (IEX) can surge 20% in the medium-term, tech charts show
While Aarti Industries and Sun Pharma have been consolidating in a range and awaiting a breakout, Bajaj Auto seems to have given a breakout, says the technical analyst from Religare Broking