Every 100 points upside level in Nifty should be treated as an immediate resistance and now this level comes at 15,800
Godrej Properties has witnessed an Inverted Head & Shoulder pattern breakout on daily chart post taking support near its long-term EMA, indicating bullish sentiment in the counter
Volume needs to show significant improvement to impact the market sentiment
The 14-period RSI has seen positive crossover affirming the bullish stance in the Dabur counter from a short to medium-term perspective
Experts said the performance of banking and energy stocks, mainly Reliance Industries, will be the key for the market to hold on to current levels
In technical analysis, divergence is given greater preference as the 'divergence behaviour' may reflect a change in a price trend or sentiment
Under this analysis, an investor studies major swings or reversal points of a stock, or index, over a period of time
The RSI has indicated a trend reversal, showing strength, and has signaled a buy for RITES
Havells' stock is currently trading around the support zone of medium-term moving average (100 EMA) on the daily chart and indications are in the favor of a strong surge in near future
The key significance of the DPO is to identify the price cycle. The idea is to capitalize on the short-term trend, based on the past performances.
Automobile and financial stocks dominate the list of companies where analysts have scaled back their earnings estimates for FY22
The basic philosophy of CCI is based on the assumption that commodities, stocks and bonds trade in a cycle with a peak and a trough arrived at on a periodic basis.
This pattern indicates a negative sentiment in the stock which, if met with follow-up selling, can aggravate the negative sentiment further
Generally, trading in line with the direction of the market sentiment is considered a safer approach, since the risk-return ratio is more favourable
In general, 52-week high represents a resistance level and 52-week low the support levels, and their breach is considered a key development
Stocks like SBI and Bank of Baroda can expect a surge of over 5 per cent in coming sessions.
A dead cat bounce suggests that more weakness is likely to emerge in the near term
Motherson Sumi has witnessed a breakdown from a distribution pattern on the daily chart
Major banking stocks have broken crucial supports
The weekly chart of Thomas Cook shows a consolidation breakout above Rs 40, indicating a positive outlook from a medium-term scale