The stock of Asian Paints has broken out of the resistance of Rs 3,000 levels with the up move indicating a rally towards Rs 3,150 to Rs 3,300 levels.
MCX witnessed a splurge in the last trading session on the back of robust volumes and breached its consolidation zone
With a 20 per cent jump on June 1, 2021, the stock of PNB Housing Finance has conquered the resistance of Rs 600 levels.
If these stocks manage to cross their significant resistances, the upside may result in a surge of over 5 per cent
A positive move in M&M Financial Services above the 200-DMA level of 163 would further strengthen the bias
Since November 2020, RELIANCE has made almost three bottoms between 1,830 - 1,860 levels, which indicates multiple supports for the stock near the 1,830-mark
The RSI has indicated a trend reversal for Hero MotoCorp, showing strength, and has signaled a 'buy' to suggest further upward movement in the coming days
The market needs to see follow-up buying to break above crucial resistance levels
Copper needs a decisive breakout below 657 for sellers to get active
Range breakout for gold comes above 45,300
For Copper sellers to gain upperhand, they must breach the support of 668 levels
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
Another surprise build up in US inventory also helped the crude oil prices pushing down below 4,600 but overall trend still is bullish as there is no reversal pattern on daily chart
ONGC and GSPL have registered a breakout and may surge over 20 per cent in the coming sessions, charts show
So far, the stance of FIIs have been bullish as they ploughed in Rs 25,787 crore in the month of February post the Union Budget for FY22
The middle EMA acts as support/resistance level in Keltner Channel
The stock of Dhani Services is sustaining above important moving averages
The stock price has broken out on the daily chart with higher volumes
From its 3-year lows of 25,639, hit on March 24, 2020 amid the outbreak of Covid-19 pandemic, the benchmark index is now up 96 per cent
The stock of Syngene International is also sustaining above its important moving averages