Author: Trading Calls - Equity

Genus Power Infrastructures has broken out from the symmetrical triangle on weekly charts with higher volumes. Stock price has also closed at all-time high level on the weekly basis. Primary trend of the stock is positive as it trades above its all important short-term and long-term moving averages Sunil Shankar Matkar April 18, 2022 / […]

The technical indicators have strongly backed the momentum, wherein the MACD (moving average convergence divergence) witnessed a positive crossover affirming the inherent strength in Welspun Corp, said Sameet Chavan of Angel One Sameet Chavan April 18, 2022 / 06:20 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] […]

Shubham Agarwal After a good upside rally from the lows of 15,700, the Nifty took a pause and shuts the shop around 17,500. The Nifty future during this week ranged from 17,830 to 17,480. The Nifty consolidating on a broader range of 18,600-16,800. On the OI (Open Interest) front, short buildup witnessed in the Nifty […]

RHI Magnesita India is well placed above its 20, 50, 100 and 200 day SMA which reconfirm bullish sentiments. With current week’s high (Rs 668) it has registered an all-time high indicating positive bias. Sunil Shankar Matkar April 18, 2022 / 06:32 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

Thermax has been moving in a rational uptrend with higher highs and higher lows formation. Recently the stock took support at its 20 Day SMA (Rs 2,009) and broke out of a 3 months consolidation backed with good volumes. Malay Thakkar April 15, 2022 / 10:02 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // […]

After a medium term price correction, Trident is witnessing rangebound activity. On the higher side, the stock is consistently facing resistance near Rs 58. For the bulls, Rs 58 would be the important breakout level to watch. Sunil Shankar Matkar April 15, 2022 / 07:42 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ […]

From the second week of October 21, momentum oscillator RSI (relative strength index – 14) is reading in a ‘lower low lower high’ formation on the weekly timeframe which indicates a lack of momentum in the current trend. RohanPatil April 14, 2022 / 11:22 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

“From an investor point of view, one can buy in small tranche of Sharda Cropchem at current levels and another tranche at Rs 660 for an expected upside till Rs 780 and plausible support is seen at Rs 640.” Sunil Shankar Matkar April 14, 2022 / 08:05 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

Oberoi Realty has witnessed a breakout of symmetrical formation to resume its uptrend and took support at 20-DMA, where a decisive move above Rs 1,000 may lead to a rally towards Rs 1,100 Santosh Meena April 13, 2022 / 06:38 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else […]

PI Industries has seen a gradual recovery and prices are riding above the 20-DEMA. On April 12, it saw better-than-average volumes along with an upmove hence, the short-term view remains bullish Sunil Shankar Matkar April 13, 2022 / 06:42 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] […]

Going ahead Malay Thakkar of GEPL Capital expects Gujarat Ambuja Exports to move higher towards Rs 310 followed by Rs 330 levels. A stop-loss of Rs 275 should be maintained on the downside for this setup. Sunil Shankar Matkar April 12, 2022 / 07:23 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

Downward sloping trend line breakout in Prince Pipes was seen on the daily charts. Price breakout is accompanied by a jump in volumes. Vinay Rajani April 12, 2022 / 06:40 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else […]

“In the coming week, 17,600 followed by 17,400 are likely to provide some cushion for the index and till the time, we do not close below these key levels, we would continue with our ‘buy on decline’ strategy,” Sameet Chavan, Chief Analyst-Technical and Derivatives at Angel One, said Sunil Shankar Matkar April 11, 2022 / […]

With Friday’s high, Polyplex Corporation has registered an all-time high which signals bullish sentiments. The major trend remains very strong across all timeframes as the stock continues to form higher tops and bottoms. Sunil Shankar Matkar April 11, 2022 / 07:53 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); […]

In last four months, Graphite India has been forming a good accumulation pattern, which is now about to get matured soon. If we meticulously observe the daily chart, we can see upward rallies on higher volumes and declines on much lower volumes. Sameet Chavan April 11, 2022 / 06:31 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] […]