With last week's smart rally, the daily chart now exhibits a 'Range Breakout' in Muthoot Finance
The stock of ICICI Bank has made a good support base near Rs 340 levels and is currently indicating a trend reversal
Whenever the 'Aroon Up' shows sideways movement, the price is expected to show mild-to-severe correction, but it helps to identify the upcoming change.
Most stocks need to conquer their 200-DMA for the next surge.
Major stocks are facing resistance at a 100-day moving average (DMA).
A follow-up buying may induce stronger momentum trapping short-sellers
Capitulation can be effective in various ways as it can lead to selling exhaustion, thereby prompting fresh stock buying.
The sharp upswing in the market has got several traders off guard. Shrugging off grim economic forecasts and rising Covid-19 cases, the benchmark Nifty has climbed 11.4% from May 18
Britannia has broken out of the consolidation range of Rs 3,400 to Rs 2,400 levels while Escorts witnesses buying above the resistance level of Rs 900.
Telecom stocks have been in limelight since the past few weeks - be it Jio Platforms selling stake to marquee global investors or Google eyeing stake in Voda Idea. Here are the key levels to track
Here is you can use Line Chart, Candlestick Chart, Renko Chart, and Point and Figure charts to your advantage while trading in stocks
Here is how you can trade in these news-driven counters and maximise your gain
One needs to first gauge the overall trend by correlating different indicators and chart patterns with price momentum
As the nation-wide lockdown enters its fourth phase, albeit with some relaxations, air and rail travel continues to be suspended. Most of the related stocks in these two sectors have taken a hit
The stimulus package announced by the government since the past few days may trigger a further upside in these stocks over the next few days.
Finance Minister Nirmala Sitharaman announced a major liquidity boost of Rs 75,000 crore to NBFCs and microfinance institutions (MFIs).
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
Better the hold on Fibonacci Retracement, Moving Averages and Trednline, the trading bets become more convincing