A gap down close after touching 100-DMA indicates selling pressure in HDFC Bank. he counter has consistently failed to conquer 100-DMA as gap-down close has forced prices to correct even further.
One needs to first gauge the overall trend by correlating different indicators and chart patterns with price momentum
As the nation-wide lockdown enters its fourth phase, albeit with some relaxations, air and rail travel continues to be suspended. Most of the related stocks in these two sectors have taken a hit
The stimulus package announced by the government since the past few days may trigger a further upside in these stocks over the next few days.
Till the time we are holding 9,000, the bulls should remain hopeful.
Finance Minister Nirmala Sitharaman announced a major liquidity boost of Rs 75,000 crore to NBFCs and microfinance institutions (MFIs).
It gives signals that can establish a potential trade. The accuracy is decent and the trader needs to be on his toes to capture the price move.
Benchmark indices, S&P BSE Sensex and NSE's Nifty gained ground on Wednesday, a day after Prime Minister Narendra Modi announced a Rs 20 trillion economic boost for Covid-19 hit economy
RIL, Infosys and Hindustan Unilever - accounted for nearly 51 per cent of the rise in the Sensex, from its 52-week low on March 23
Primary trend of the stock is positive where stock price is trading above its 200-day SMA
The broader structure of Nifty still looks weak though
HUL looks subdued, however, RIL and Tech Mahindra may see a promising rise towards their respective resistances.
Are stocks from this sector a good trading bet? Here are the key levels you should know regarding frontline stocks from this sector
Indiabulls Housing Finance's stock is witnessing a reversal pattern on daily charts
The stock price has broken out from the symmetrical triangle on the daily chart
Although Nifty Auto shows tremendous optimism, Nifty Bank may see profit-booking at crucial levels going ahead.
IGL is in an overall up trend on the daily and weekly charts
Both Sensex and Nifty have seen selling pressure around the Fibonacci retracement levels earlier. The Sensex needs to cross 32,000 mark for the up move to sustain, charts suggest
Titan's stock has formed a short-term base and also given a breakout from a falling wedge pattern on the hourly chart
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor