Out of these 20 counters, only 4 stocks are showing weakness in the overbought condition and can correct in the days ahead.
Nifty has recently made higher bottoms at 14,416 and 14,591 and continues to trade above the 20 and 50-day SMA
The overall chart pattern of Asian Paints indicates that the prevailing momentum is likely to continue
If Tata Steel's stock does not recover the gap-down range, the downside bias may drag it towards Rs 1040 levels.
The Tata Power stock is placed well above all the major moving averages suggesting an inherent strength
If these stocks manage to cross their significant resistances, the upside may result in a surge of over 5 per cent
Looking at the broad-based participation on Friday, especially the way banking space is poised, we will not be surprised to see the index heading towards record its high in the first half of this week
Despite the Sensex and Nifty indices reclaiming their crucial resistances, this situation on chart indicates weakness and hints at a probability of further decline
DMART has recently witnessed consolidation range breakout on the back of an increase in average traded volumes indicating fresh hands accumulating the counter
Stock price has broken out from the downward slopping trendline on the daily chart by adjoining the highs of April 30 and May 7, 2021
Traders should try to create short position keeping close eye on 15,200
A sharp rally in fertilizer stocks on Thursday on hike in subsidy has opened doors for more upside in the coming days
Under this analysis, an investor studies major swings or reversal points of a stock, or index, over a period of time
The immediate target for the Nifty50 index is seen above the all-time high of 15,432 odd levels
Since November 2020, RELIANCE has made almost three bottoms between 1,830 - 1,860 levels, which indicates multiple supports for the stock near the 1,830-mark
The RSI has indicated a trend reversal, showing strength, and has signaled a buy for RITES
Dr Lal PathLabs' stock seems to have lost its sheen now as we are seeing consistent corrective moves over the past few weeks
With a "Higher High, Higher low" formation, the stock of Pricol has gradually risen to higher levels recently.
Increased volumes-based buying shows market participants' keen interest in brokerage firms
Havells' stock is currently trading around the support zone of medium-term moving average (100 EMA) on the daily chart and indications are in the favor of a strong surge in near future