One needs to build a separate trading model to identify retracement and reversal
The Supreme Court has allowed telecom companies to pay their adjusted gross revenue dues dues in 10 years.
Once the stocks conquer 200-WMA, the upside potential is huge.
Major brokerage houses are indicating a positive upside, daily chart suggests.
Future Consumer faces a stiff resistance around Rs 12.50 levels. Here's a look at how the Future Group stocks look on charts.
Unless a stock shows breakdown underneath the previous support level decisively, avoid it.
Sun Pharma's counter has provided a fresh breakout after retesting its rising channel on the daily chart
Most defence-related stocks gained ground on Monday post the development with Bharat Dynamics up nearly 8 per cent at Rs 452 on the BSE
On the downside, a move below 11,100 would lead to immediate correction towards 10,950 - 10,880 levels
This pattern signals a bearish sentiment and one should be cautious once this pattern is visible on the charts.
The level of 11,000 might act as support
Godrej Consumer's stock has been trading with a corrective bias for the last three weeks
Tata Motors' stock has provided breakdown from a head and shoulder pattern on the daily chart
The entire pharma space has been in limelight since the coronavirus pandemic outbreak
Apollo Hospital's stock price has broken out on the daily chart
Bata India's stock is on the verge of a breakout from a downward sloping trend line
L&T is on the verge of breaking out from the symmetrical triangle pattern on the daily charts.
Momentum oscillator MACD has provided a fresh buy crossover on Nestle's daily chart
Over the past few sessions, most NBFC stocks have gained ground. Here are the key levels to watch in select counters basis their technical chart pattern
Rising channel patterns, stability above 200-DMA are some of the indicators that suggest further upside.