Whenever the stock price shows a reversal near the major moving averages, the turnaround is expected to be sharp, and the volumes tend to increase
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 PSU stocks are on a roll since the last couple of months and the way they are shaped up, they appear to perform well throughout this year
From an intraday trade perspective, technical analysts use 5 mins, 10 mins, 15 mins, 30 mins, or 60 mins time frame on charts.
The Nifty Metal index is struggling to sustain above the 3,600 mark. However, once breached decisively, an up move towards 4,000 levels can not be ruled out.
A breakout above Rs 2,100 in RIL's counter may see a rally towards 2,400
Technical indicators suggest further upside in the S&P BSE Oil and Gas index towards 15,800 to 16,000 levels.
The technical outlook continues to show more upside in these stocks
The overall trend is optimistic till the Nifty PSU index defends the support of 2,000 mark on the closing basis
The price hike has attracted the attention of market participants, now the stock needs to cross significant resistance to move ahead.
The stock price has witnessed running correction of 10 per cent from the recent high
The monthly chart shows a strong bullish sentiment if the stock closes above 95,000 levels
A moving average, trendline, or gap-up breakout needs to have sparkling volumes to provide gradual rise
Union Minister for Road Transport and Highways Nitin Gadkari's proposal to levy 'green tax' on old vehicles polluting the environment nudged investors to off-load auto stocks from their portfolio
Pidilite's stock is in a secular uptrend and has formed a bullish Harami candlestick pattern on the daily chart
The stock of HUL indicates a positive trend reversal on technical charts
Adani Enterprises, Berger Paints (I), Bharti Airtel, Eicher Motors, Grasim Industries are among the other notable names
In OBV indicator, a positive close candle volume is added cumulatively and negative close volume is subtracted to determine the trend
On the monthly time frame, the breakout above Rs 500 levels earlier has triggered strong upward momentum