Whenever a stock witnesses higher volumes, which is normally stronger than earlier candles, it indicates severe pressure.
The study of the same recurring patterns in the financial markets assists in developing trading strategies
Ajanta Pharma's stock has seen a fresh breakout from the trading range of roughly 1350-1480 levels
The level of 11,050 should be followed as a stop-loss on a closing basis in Nifty longs
While news-driven movement in markets can be a bit difficult to gauge, but how the markets play out over a few sessions can be plotted on the charts to ascertain the overall trend
The overall trend in the paint stocks remains bullish and any corrective move may see buying opportunities.
Marico should be the stock to focus on
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
The Nifty Midcap index may rally towards 21,000 levels
Simply put, a stop-loss is designed to limit an investor's loss on a stock. Setting a stop-loss order for 15 per cent below the price at which you bought the stock will limit your loss to 15 per cent.
The benchmark indices are holding the positive sentiment
Major hits were seen in front runners such as ACC Ltd, Ashok Leyland, and HDFC.
Most stocks are witnessing selling pressure at higher levels. If that gets conquered, a fresh upside of 3-5 per cent is expected to happen.
The dip in Nifty should be utilized as a buying opportunity for the target of 12,150
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Except BPCL, the others show a weaker trend. However, the correction seems to have slowed down.
In a bearish market, or where the trend starts to turn negative, traders and investors need to be extra careful while executing a trade
IRCTC has risen over 50 per cent in just eight sessions. Bajaj Finance, YES Bank and Godrej Properties have also rallied in trade since the last few sessions. Here are the trading strategies
A successful close above Rs 1,500 can take the counter towards Rs 1,617 levels, which is its lifetime high level
The Nifty seems to have completed wave B of the bounce and wave C up on the hourly charts is expected