The stock price has broken out from the downward sloping trendline, adjoining the highs of June 12, 2021, and August 3, 2021, with higher volumes.
Rossari Biotech has been in a secular uptrend and is placed well above all the major exponential moving averages on the daily charts
Concor has been trading with a corrective bias for the last two months, after making a new record high at Rs 748 levels in June 2021
VOLTAS has seen strong reversal candlestick pattern formation near its 200 DEMA on the daily chart on the back of robust volumes, indicating an early sign of reversal in the counter
The immediate supports for Nifty are placed around 16,600 and 16,500 while the levels to watch on the upside will be 16,800 and then 17,000 mark
Ashok Leyland stock has witnessed a decent correction from Rs 143 level and bottomed out near the significant 200-DMA level of Rs 116
Short term trend of the stock has turned positive as it closed above its 10-and 20-day EMA
Aurobindo Pharma has corrected over 35 per cent from its lifetime high and has plunged below all its major exponential moving averages
Info Edge (Naukri) has finally witnessed a breakout from a broader consolidation range of Rs 4,200-5,600 after spending nearly eight months there
Nifty is expected to surpass the intraday all-time high of 16,702
Shares of IRB Infrastructure Developers jumped over 5 per cent, GMR Infrastructure added 2 per cent and Larsen & Toubro Ltd (LT) recovered following five days of bear hammering
SBI LIFE has been consolidating in a narrow range near its lifetime high zone from the past few trading weeks, indicating the formation of a strong base before another round of rally
Traders are advised to remain light for a while and the ideal strategy would be to look at the individual stocks than the benchmark index
Market participants have become cautious amid significant valuations and strong gains Sensex has achieved since the start of the year
Once the hurdle mark is decisively conquered on the higher side, the upside rally may see a new all-time high
We're seeing recovery in the energy pack and oil marketing companies (OMCs) are also trading in sync with the move. Among these, IOC looks set to move higher
ADX indicator has crossed the DI line on the upside, which indicates high momentum phase for the Nifty
We advise continuing with one step at a time approach and keep booking timely profits in the rally
The stock of BSE has witnessed a decent correction from 1,400 level and has bottomed out at 1,070, near the significant 50EMA level of 1,065, and is showing signs of reversal
The stock of Hindustan Unilever (HUL) is hovering near 21 DEMA