Glenmark Pharma's stock is taking the support of a rising trend line
We can witness short-covering move along with the addition of fresh position only if the Nifty breaches 11,200 level.
TITAN, after the breakout from a consolidation range, is gradually inching higher while holding strongly above the support zone of the long term moving average( 200 EMA) on the daily chart
This sharp recovery could end up being a dead cat bounce, as the trend-line support which was recently broken could act as a resistance at 11,250
The stock of Tata Consumer Products made a fresh all-time high and has provided breakout from a cup pattern on the daily chart
For the early part of the week, 11,200-11,250 should be considered as an immediate resistance zone for Nifty.
The stock of ICICI Bank has once again made a good support base near 340 levels and is currently indicating a trend reversal
Failure to exit a trade may create disparity on the breakout strategy.
The stock of IndusInd Bank has maintained a good base near 485 levels and has indicated a momentum pick up with positive bias
L&T is on the verge of breaking out from the symmetrical triangle pattern on the daily charts.
TITAN has been trading within 940-1030 zone for almost one and a half months, taking a pause after a sharp rebound
The momentum indicators and oscillators are very well in the buy mode on the weekly scale which hints that bulls are making a comeback and the current pullback is likely to extend further
The stock of ICICI Bank has made a good support base near Rs 340 levels and is currently indicating a trend reversal
We might witness weakness only if Nifty breaks level of 10,700
Long build up is seen in the Cadila Futures' where we have seen 6%(Prov) rise in the Open Interest with price moving up by 2%
The idea behind this strategy is to book profit and take a fresh view.
The stock of Divis Labs has witnessed some correction and has showed signs of bottoming out near 2140 levels. The RSI is showing a trend reversal from the oversold zone to signal a buy
Whenever the 'Aroon Up' shows sideways movement, the price is expected to show mild-to-severe correction, but it helps to identify the upcoming change.
Nifty is continuing its uptrend and looks set to achieve 76.4% retracement of the entire fall seen from 12,430 to 7,511.
The stock of Time Technoplast has made a higher bottom formation pattern and is currently picking up momentum