Shares of Asian Paints and Berger Paints India hit their respective record highs on the BSE in May
Out of these 20 counters, only 4 stocks are showing weakness in the overbought condition and can correct in the days ahead.
Despite the Sensex and Nifty indices reclaiming their crucial resistances, this situation on chart indicates weakness and hints at a probability of further decline
Upon crossing the immediate resistance, Axis Bank's stock may see a rally towards Rs 750 and Rs 765-mark
We finally witnessed a decisive price and volume breakout from the recent congestion zone in Strides Pharma
Generally, trading in line with the direction of the market sentiment is considered a safer approach, since the risk-return ratio is more favourable
Stocks like SBI and Bank of Baroda can expect a surge of over 5 per cent in coming sessions.
The ability to analyse charts not only boosts a trader's morale but also helps one acknowledge the risk involved.
With Friday's move, 15,200 - 15,400 has become a sturdy wall for Nifty and it would really be a daunting task surpassing this in the absence of any major trigger
Knowing all the do's and don'ts of trading in regards to learning process and failures, one needs to be clearly focused on the risk management.
A breakout may lead the stock to Rs 480 and Rs 500 levels
Short-term resistance for the Nifty is seen at 15,470-odd levels
The overall trend is optimistic till the Nifty PSU index defends the support of 2,000 mark on the closing basis
The price hike has attracted the attention of market participants, now the stock needs to cross significant resistance to move ahead.
The stock price has witnessed running correction of 10 per cent from the recent high
Whenever, the +D and -D make a crossover, the trend is expected to shift in a more concrete manner in the respective trend in all time frames
Pidilite's stock is in a secular uptrend and has formed a bullish Harami candlestick pattern on the daily chart
Adani Enterprises, Berger Paints (I), Bharti Airtel, Eicher Motors, Grasim Industries are among the other notable names
On the monthly time frame, the breakout above Rs 500 levels earlier has triggered strong upward momentum
Edelweiss Securities expects earnings momentum in the sector is likely to accelerate in Q3FY21 driven by good start to Rabi along with a healthy cash flow position of farmers