Edelweiss Securities expects earnings momentum in the sector is likely to accelerate in Q3FY21 driven by good start to Rabi along with a healthy cash flow position of farmers
Nifty Bank index may hit record levels of 33,000 if it surpasses the resistance of 32,300
ITC stock is struggling to conquer the resistance of Rs 215 to Rs 220 levels. The downside support stays at Rs 200
In a departure from past trend, analysts believe that Indian IT companies may post a strong performance for the third quarter of FY21 (Q3FY21)
The three basic charts are: Line charts, Bar charts, and candlestick charts
Shares of Oil and Natural Gas Corporation (ONGC) rose as much as 4.6 per cent to hit an intra-day high of Rs 99.35 apiece on the BSE, while those of GAIL and BPCL gained up to 3.5 per cent
The trend in Muthoot Finance's stock looks promising as it is trading well above the 200-days moving average (DMA) placed at Rs 1,059 levels
If the Nifty PSE Index sustains above 2,800 levels on the closing basis, it may see a rally towards 3,100 levels
Tractor stocks such as M&M and Escorts are indicating a bullish outlook for coming sessions
A sustained move above Rs 38 levels may see an aggressive upside in Hathway Cable and Datacom
The stock of Dixon Technologies has tripled during the current calendar year from the levels of Rs 3,800 to around Rs 12,535
A Gap down closing on December 21, 2020 dismantled the upside bias in Tata Steel stock
Edelweiss Securities says that the robust tech up-cycle would benefit firms like HCL Technologies, Infosys, TCS, and Tech Mahindra
According to experts, demand from the home textile industry is expected to remain supportive in the near-to-medium term
A strong close above Rs 770 in M&M may trigger a rally Rs 825 levels
Among the Nifty 500 stocks, nearly 370 stocks are trading on the upper side of the momentum indicators
The next positive catalyst may be a sharp refining margin recovery, which is more of a H2CY21 story, says JP Morgan
Canara Bank crossed the 200-day moving average (DMA) for the first after July, 2019.
Once traders get a hold of technical analysis, their behaviour tends to become exaggerated.
The stock has formed a bearish Harami candlestick pattern on the daily chart which is considered as a bearish reversal pattern.