The pattern consists of a shape that have three peaks which are categorised into the left shoulder, head and the right shoulder.
The overall outlook for the rail-related stocks looks promising.
A technical outlook on Indian oil marketing companies (OMCs) amid US-Iran tensions
A look at what technical charts indicate for these stocks.
Power Grid is continuously trading above 200-weekly moving average (WMA) since June 2014.
For Titan's stock, keep a stop at 1,165 and go short. Add to the position between 1,140-1,145. Book profits at 1,135.
Here are the weekly stock recommendations by Religare Broking
The index had witnessed 10 per cent correction from June, 2019 and an upside of over 5 per cent in the past two sessions has strengthened the positive view on the technical charts
Nifty Energy Index has been consolidating in the range of 14,730 - 13,750 since August. The formation seems like triple-bottom and a breakout would mean can take the index to 15,000 mark
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
The Union Cabinet recently approved a subsidy of Rs 6,268 crore for the export of 6 million tonnes of sugar. The development triggered a rally in select counters
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Nifty outlook and top trading ideas by Vinay Rajani - Technical Analyst, HDFC Securities.
A bigger upside rally is expected only if it has added volumes and the Sensex is able to hold above the resistance zone
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Nifty outlook and stock recommendation by Sacchitanand Uttekar, DVP - Technical (Equity)
Trading strategies for media and entertainment stocks
Technical calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited - Investment Advisor
Tata Steel, Vedanta and SAIL have seen sharp fall in their stock prices in the recent months.
Nifty outlook and top trading ideas by Vinay Rajani - Technical Analyst, HDFC Securities.