The stock of Indian Bank has broken out from ascending triangle on the weekly charts
We're seeing noticeable traction in the auto space and Hero Moto is also finally resuming the uptrend, Mishra said
FSL is in a secular bull run and is placed above all its major exponential moving averages on the daily time frame
As long as the support of Rs 2,400 is defended; the negative sentiment is not going to see any exciting response from market participants. Short-term support exists at Rs 2,580 and Rs. 2,520
Considering the recent market behaviour, it is pretty clear that the bulls are not willing to loosen their firm grip so easily
The technical analyst from HDFC Securities also explains why he is bullish on BPCL, SBI Life
Out of the 100 stocks in the Nifty Mid-cap 100 index, only 12 are trading in the overbought category of Relative Strength Index
According to the technical analyst from Anand Rathi all three stocks have been consolidating and now set for a good breakout
LUPIN has corrected over 25 per cent from its 52 weeks high and is currently placed near its historical demand zone of 900 odd levels
While Aarti Industries and Sun Pharma have been consolidating in a range and awaiting a breakout, Bajaj Auto seems to have given a breakout, says the technical analyst from Religare Broking
On the upside, the Nifty may face resistance in the range of 17,950-18,000, says the technical analyst from HDFC Securities
Reliance weekly charts indicate a price target of Rs 2,900, with bias to remain positive as long as the stock trades above Rs 2,500
On the daily time frame, the stock of BSE is on the verge of providing an 'Inverted Head & Shoulder' pattern breakout affirming the bullishness
Traders are advised to continue with a stock specific approach but keep booking timely profits as well
Stocks of PTC India and Indo Count can see a 10-14 per cent upside from current levels
While fundamental analysts have been sounding alarm over high valuations in the equity markets, given the sharp bull run, they continue to be bullish on Indian markets from a long-term perspective
Berger Paints is placed near its strong historical consolidation zone and is expected to surge higher from here onwards, says the technical analyst
The stock price of Alkem Laboratories has broken out on the daily chart
Zee Learn stock is anticipated to gain over 50 per cent to Rs 30 once it manages to conquer Rs 20-level with strong volumes
The technical analyst from HDFC Securities also recommends to remain long on the Nifty and BankNifty with a stop at 17,325 and 36,525, respectively.