MSTC's stock has been in a consolidation phase for quite some time maintaining the base near 255 levels and currently has given a bullish candle pattern in the daily chart
PowerGrid has witnessed a breakout and is placed at its lifetime high zone, indicating inherent strength in the counter
Momentum indicators are in favour of bulls
HDFC Life has formed a strong base after hovering in a narrow range for nearly a month and looks set to reverse the short-term downtrend
The reversal levels are considered as the stop loss for the trading position
MCX witnessed a splurge in the last trading session on the back of robust volumes and breached its consolidation zone
The stock of Tata Chemicals has maintained a good support base near Rs 690 levels and picked up momentum currently
Every 100 points upside level in Nifty should be treated as an immediate resistance and now this level comes at 15,800
Godrej Properties has witnessed an Inverted Head & Shoulder pattern breakout on daily chart post taking support near its long-term EMA, indicating bullish sentiment in the counter
The stock price of Bajaj Finance has broken out on the daily chart by surpassing the resistance level of 5800 with higher volumes
Gold's next move is expected on Friday when the US Labor Department releases its non-farm payrolls report for May
The Nifty has recently made higher bottoms at 14,416, 14,591, and 14,884 and continues to trade above the 20 and 50-day SMA, which gives further evidence of an uptrend
IGL has been consolidating in a range for the last three months while holding firmly above the support zone of the long-term moving averages
With a 20 per cent jump on June 1, 2021, the stock of PNB Housing Finance has conquered the resistance of Rs 600 levels.
The 14-period RSI has seen positive crossover affirming the bullish stance in the Dabur counter from a short to medium-term perspective
A Price-volume breakout above Rs 475 level, logged on May 31, may result in a rally towards Rs 550 and Rs 580-mark in PNB Housing Finance
The RSI is indicating strength with a trend reversal to make the Escorts chart look attractive with potential upside scope in the coming days
On the flipside, 15,300 - 15,150 - 15,000 are to be considered as immediate supports.
LTI has reversed its trend from the previous swing low and is currently placed well above all its major moving averages on the daily chart
The stock price has already broken out from the downward slopping trendline on the daily chart