Titan's stock has formed a short-term base and also given a breakout from a falling wedge pattern on the hourly chart
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
This candlestick pattern provides the first sign of weakness and if the price fails to conquer the high of the "Hanging Man", then the weakness may turn into a major bearish trend.
The Nifty IT index may witness a major upward trigger after a strong close above 13,000-mark
At present, traders are advised to keep following stock-specific approach
How should you trade the financial sector stocks after the RBI's liquidity measures? Are the banking stocks likely to gain ground in the days ahead? Here is what the charts suggest.
Negative convergence may lead to severe selling pressure and the price may stay weak for a month to a year.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Shares of Housing Development Finance Corporation (HDFC) tumbled nearly 3 per cent to Rs 1,655 levels on the BSE on Monday morning before recovering some of the lost ground
The RSI on Voltas' stock is also on the rise and has signaled a buy
Cipla may see profit-booking around Rs 360 to Rs 367 levels, as per the weekly chart.
While considering a larger outlook, one needs to look at signals wherein the change in trend holds over a month or a quarter.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Until there is a major shift in the mood of traders and investors, this segment may continue to show deterioration in value.
Maruti's stock price has risen more than 10 per cent with significant rise in volumes
The primary trend of Ipca Lab's stock has been bullish with higher tops and higher bottoms on the weekly and monthly charts
For Nifty Bank, the immediate resistance comes in the range of 20,500 to 20,000 levels
The RSI Oscillator is showing strength in the stock
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
While taking a bigger perspective on the trend, the daily volume chart might not perfectly depict the scenario. The weekly, monthly or year volumes chart facilitate in taking a call on the same