A strong close above Rs 770 in M&M may trigger a rally Rs 825 levels
Among the Nifty 500 stocks, nearly 370 stocks are trading on the upper side of the momentum indicators
The next positive catalyst may be a sharp refining margin recovery, which is more of a H2CY21 story, says JP Morgan
Canara Bank crossed the 200-day moving average (DMA) for the first after July, 2019.
Once traders get a hold of technical analysis, their behaviour tends to become exaggerated.
The stock has formed a bearish Harami candlestick pattern on the daily chart which is considered as a bearish reversal pattern.
Nifty Mid and Small caps 100 are showing strong upside.
The basic idea is to determine the crucial levels that might trigger major moves in the stock.
The formation of a "Death Cross" on BPCL has disrupted the upside bias lately. Here is how stocks of oil marketing companies look on the technical charts
VRL Logistics has maintained a strong base near Rs 145 level.
As the Sensex and Nifty scaled record peak, various stocks have entered the overbought condition of RSI.
When it comes to choosing a risky investment, market participants opt for stocks with higher standard deviation that provides volatility, which can be used for quick profits.
TCS rallied 5 per cent to hit a record high of Rs 2,650 on the NSE after the company said it will consider a buyback on Wednesday, October 7.
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
Despite the market correction, there are some stocks from the FMCG and pharma sectors - considered classic defensive plays - that can be bought from a medium-term perspective
A trendline breakout on the monthly chart asserts that the stock or index is ready to move higher, with an optimistic outlook.
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.