If the Nifty PSE Index sustains above 2,800 levels on the closing basis, it may see a rally towards 3,100 levels
HDFC Life stock has provided a breakout from a falling channel on the daily chart and the conservative target for the same is coming around Rs 680 levels
Edelweiss Securities says that the robust tech up-cycle would benefit firms like HCL Technologies, Infosys, TCS, and Tech Mahindra
Moving averages have a great role in the channel breakout
The change in colour, sometimes exhibits a shift in trend as well as sentiment
A confirmed breakdown reflects upcoming selling pressure when significant levels are expected to get broken. Even investors look for early exits.
The momentum indicators and oscillators are in the buy mode on the daily scale for Muthoot Finance
Unless there is a breakout with definite consecutive closes, one should not be too quick to 'confirm' a trend. It is very essential to ascertain a trend; sometimes, having a dull scenario on the chart
A short-covering move, along with addition of fresh position, is seen only if somehow Nifty sustains level of 11,200
The momentum oscillator MACD has provided fresh sell crossover on the weekly scale for Piramal's stock
RIL soared 3 per cent to Rs 2,276.50 on the BSE on Wednesday in intra-day trade, after the company announced that global investment firm KKR will invest Rs 5,550 crore in Reliance Retail Ventures
Till Nifty Bank defends the support range of 20,800 to 20,600 level, the rebound may see aggressive buying momentum.
The domestic market continued to trade weak amid a global sell-off triggered by concerns about rising Covid-19 cases and news reports on suspicious transactions involving international banks.
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Out of these 344 stocks, 211 stocks are trading with a positive crossover. This scenario indicates that over 50 per cent stocks are signalling positive bias.
The momentum indicators and oscillators on the weekly scale are very well in 'buy' mode
The next upside for Nifty Pharma is located above the resistance of 12,100 levels.
The government may infuse Rs 20,000 crore through the recapitalisation of bonds into state-owned banks.
Chart patterns help one identify potential moves with the help of key support levels and certain predefined patterns.
SBI Life's stock is holding strongly above the support zone of 200 EMA on the daily chart