According to the technical analyst from Anand Rathi, after Monday's movement ICICI Bank also looks good on chart for an upside target of Rs 840
Jewellery related stocks have witnessed massive gains since last Dhanteras and continue to trade with a firm bullish bias, indicating more upside for the shares.
Both the stocks seem to have bottomed out after a decent correction and now indicate a trend reversal on the charts, says the technical analyst from Prabhudas Lilladher
The derivative analyst from HDFC Securities recommends this strategy based on the following four rationales
According to the technical analyst from Anand Rathi, both the stocks are placed well on a risk-reward ratio from a short to medium-term perspective
ICICI Bank is trading firmly in overbought condition, while Hindustan Unilever is still not showing signs of any reversal depsite trading in oversold territory
Engineers India, Star Cement and Syngene International too can decline up to 7% in the medium term, indicate charts
The technical analyst from Religare Broking also recommends to accumulate United Spirits. Check out the range below
The technical analyst from HDFC Securities suggests that Ashok Leyland has one of the strongest set-up on the charts in the auto space
According to the technical analyst from Anand Rathi, TCS has corrected from its all-time high and is hovering near its 61.80 percent Fibonacci retracement suggesting strong support levels
Reliance needs to sustain above Rs 2,700 for a strong upward momentum, while ICICI Bank seems to be on track to Rs 900 level
Sameet Chavan of Angel Broking recommends shorting Titan and UBL as the counters look weak on the charts
The technical analyst from Prabhudas Lilladher finds both these stock attractive on the charts
According to the technical analyst from Anand Rathi, Axis Bank is in a secular uptrend and can rally up to Rs 870
HCL Technologies and D-Mart need to make a decisive break above near term resistance levels for further up move, while HDFC Bank may rally up to Rs 2,000 provided it sustains above Rs 1,650-level
Both the stocks seem to have bottomed out after a decent correction and now indicate a trend reversal on the charts, says the technical analyst from Prabhudas Lilladher
Wipro and MindTree logged new life-time highs in trade on Thursday and can see further upside of up to 11 per cent
Natural Gas related stocks were in focus on the back of CNG and piped gas price hike in several northern India cities
The NSE Auto index seems well placed to test its all-time high; Prominent auto stocks like Tata Motors, Bajaj Auto, Hero MotoCorp and TVS Motor can gain 3.5-10 per cent
SpiceJet seems to be in a trading range, while Container Corporation of India is holding above its key support level