IRCTC has risen over 50 per cent in just eight sessions. Bajaj Finance, YES Bank and Godrej Properties have also rallied in trade since the last few sessions. Here are the trading strategies
A successful close above Rs 1,500 can take the counter towards Rs 1,617 levels, which is its lifetime high level
Hindustan Unilever may rally towards Rs 2,300 if it trades above Rs 2,150 levels.
Godfrey Phillips is approximately Rs 100 away from the lifetime high of Rs 1,572 level.
All the major cement stocks are trading with breakouts, signaling higher levels in the coming sessions. Any boost in Budget may trigger another 10 per cent rise in a short span
Consolidation in Axis Bank may see breakdown if the counter closes below 100-DMA for two consecutive days.
The pattern consists of a shape that have three peaks which are categorised into the left shoulder, head and the right shoulder.
The overall outlook for the rail-related stocks looks promising.
Infosys and TCS are waiting for their respective range breakouts
In the last several years, the stock has crossed Rs 480 for about five times during intra-day but could never close above the level
The target level is usually the difference between the low of the rounding bottom and the price where the actual breakout happened.
A technical outlook on Indian oil marketing companies (OMCs) amid US-Iran tensions
A look at what technical charts indicate for these stocks.
Moving averages and technical patterns suggest that the upside momentum in Tata Group stocks is likely to stay high despite the recent developments
Power Grid is continuously trading above 200-weekly moving average (WMA) since June 2014.
Golden Cross is defined as an indicator of a major rally. It is essentially a crossover of short-term moving average with the long-term moving average.
Gaps are areas on a technical chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between
A double bottom is formed following a single rounding bottom pattern which can also be the first sign of a potential reversal
Axis Bank may see huge buying momentum after a strong close above Rs 760. On a bigger scale, the stock has managed to hold around 200-days moving average (DMA) and has not shown any major breakdown
Even as Adani Transmission hit new lifetime high on Tuesday, most power sector stocks are showing bearish signs. Here is how they look on the technical charts