Although there are ups and downs in the market cycle, having an in-depth understanding of these phases facilitates the trading behaviour and improves the trader's morale
If IDFC First Bank stock stays above the Rs 70-mark, it may rally in the direction of Rs 120 and Rs 135 from a medium-term perspective
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
A breakout may lead the stock to Rs 480 and Rs 500 levels
We can witness short-covering move along with addition of fresh position only if Nifty breaches 15,250
Tata Motors has witnessed a fresh breakout on March 2, after consolidating in a range for a month
Whenever the stock price shows a reversal near the major moving averages, the turnaround is expected to be sharp, and the volumes tend to increase
With a strong gap-up on March 2, 2021, BPCL stock is near the resistance range of Rs 481 to Rs 483 levels
With a strong up move on March 1, 2021, the stock of Sun Pharmaceuticals now needs to cross the resistance of Rs 620 mark to see a breakout rally towards Rs 640 and Rs 655 levels
The PSU stocks are on a roll since the last couple of months and the way they are shaped up, they appear to perform well throughout this year
From an intraday trade perspective, technical analysts use 5 mins, 10 mins, 15 mins, 30 mins, or 60 mins time frame on charts.
The Nifty Metal index is struggling to sustain above the 3,600 mark. However, once breached decisively, an up move towards 4,000 levels can not be ruled out.
A breakout above Rs 2,100 in RIL's counter may see a rally towards 2,400
Technical indicators suggest further upside in the S&P BSE Oil and Gas index towards 15,800 to 16,000 levels.
The technical outlook continues to show more upside in these stocks
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
The monthly chart shows a strong bullish sentiment if the stock closes above 95,000 levels
A moving average, trendline, or gap-up breakout needs to have sparkling volumes to provide gradual rise