The current market sentiment is uncertain and may provide opportunities in major stocks. Here are five bank stocks that look good on the technical charts for a 10 per cent upside in one month
Shares of Raymond Ltd and IOB are showing extreme bullish outlook on the charts
The technical & derivative analyst from HDFC Securities expects weakness in Nifty to continue
According to the technical analyst from Anand Rathi, Bharti Airtel has been placed at its lifetime high zone and that too has been backed by robust volumes indicating inherent strength at the counter
Food and food-related players are expected to jump up to 15 per cent in coming days
Auto ancillary stocks may jump up to 15 per cent in upcoming sessions
However, the technical analyst from Religare Broking recommends to short sell Hindalco November futures
All the major cement stocks are gearing up for next upside, check the near term support and likely targets here
According to the technical analyst from Anand Rathi, Dabur has seen some strong resurgence from its 200-DEMA in the recent period
Tata Communications has broken the 200-day moving average (DMA) suggesting weakness in the coming days.
Both the stocks seem to have bottomed out and select indicators on the charts have turned favourable for these stocks, says the technical analyst from Prabhudas Lilladher
Shares of Arvind Limited have formed a "Golden Cross" symbolizing a positive outlook for the upcoming sessions, according to the daily chart
According to the technical analyst from Anand Rathi, most technical indicators are in favour of the bullish bias for these three stocks
The present scenario hints a strong momentum in the cement stocks, wherein shares of ACC, Grasim and UltraTech Cement are claiming new uncharted territory with firm volumes
The technical analyst from HDFC Securities says that stock specific bullish moves will continue while Nifty consolidates in the 17,800 - 18,200 range
The technical analyst from Religare Broking recommends to buy and accumulate these stocks in the mentioned range
According to the technical analyst from Anand Rathi, TATAMTRDVR is strongly poised to surge higher in the near future as the technical chart construes sturdy formation post its gap-up setup
The current chart pattern signals a weak trend and market participants are likely to stay on the sidelines to see whether the stock honours the respective support levels
Among stocks, the technical analyst from HDFC Securities recommends buying M&M Finance and Indian Bank
The technical analyst from Religare Broking recommends to buy and accumulate these stocks in the given range