It gives signals that can establish a potential trade. The accuracy is decent and the trader needs to be on his toes to capture the price move.
Benchmark indices, S&P BSE Sensex and NSE's Nifty gained ground on Wednesday, a day after Prime Minister Narendra Modi announced a Rs 20 trillion economic boost for Covid-19 hit economy
RIL, Infosys and Hindustan Unilever - accounted for nearly 51 per cent of the rise in the Sensex, from its 52-week low on March 23
Primary trend of the stock is positive where stock price is trading above its 200-day SMA
The broader structure of Nifty still looks weak though
HUL looks subdued, however, RIL and Tech Mahindra may see a promising rise towards their respective resistances.
Are stocks from this sector a good trading bet? Here are the key levels you should know regarding frontline stocks from this sector
Indiabulls Housing Finance's stock is witnessing a reversal pattern on daily charts
The stock price has broken out from the symmetrical triangle on the daily chart
Although Nifty Auto shows tremendous optimism, Nifty Bank may see profit-booking at crucial levels going ahead.
IGL is in an overall up trend on the daily and weekly charts
Both Sensex and Nifty have seen selling pressure around the Fibonacci retracement levels earlier. The Sensex needs to cross 32,000 mark for the up move to sustain, charts suggest
Titan's stock has formed a short-term base and also given a breakout from a falling wedge pattern on the hourly chart
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
At present, traders are advised to keep following stock-specific approach
How should you trade the financial sector stocks after the RBI's liquidity measures? Are the banking stocks likely to gain ground in the days ahead? Here is what the charts suggest.
Negative convergence may lead to severe selling pressure and the price may stay weak for a month to a year.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Shares of Housing Development Finance Corporation (HDFC) tumbled nearly 3 per cent to Rs 1,655 levels on the BSE on Monday morning before recovering some of the lost ground
The RSI on Voltas' stock is also on the rise and has signaled a buy