Category: India

The entire capital goods space has been bucking the trend in recent challenging times and Cummins India specifically is completely on a roll. Sameet Chavan March 13, 2023 / 07:07 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(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); […]

The 17,300 level is expected to act as a crucial support, followed by the recent swing low of 17,250 and, if the said levels get broken, then there could be correction up to the 17,000 mark Sunil Shankar Matkar March 13, 2023 / 11:33 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ […]

Adani Green Energy was locked in 5 percent upper circuit for eighth consecutive session after taking support at around Rs 439 on February 28. The stock closed at Rs 682.7, rising 55 percent in last eight sessions in a row, and the volume on last Friday was above average volumes. Sunil Shankar Matkar March 13, […]

Nifty closes the week, around 17,453, losing about 1.23 percent and gyrated between 17,863 and 17,367 during the week. On the OI (open interest) front, a short build-up was witnessed in Nifty Jan Futures over the week gone by as there was an increase in OI, with losses witnessed in Nifty on a weekly closing basis. […]

Rahul Ghose of Hedged “The only Adani stock that I would look at from a medium-term perspective is that of Adani Ports. This is the only stock that made a nice base and broke out of a rounding bottom formation,” Rahul Ghose, Founder & CEO of Hedged, an algorithm-powered advisory platform, says in an interview […]

The markets have been in consolidation mode for nearly four months now. Such a market attracts many traders to resort to option writing. In fact, big or small, most traders have a certain percentage of their trading portfolio allocated to writing (selling) options. However, when a consolidation phase has been around for a while, option […]

It was a Black Friday for the market as the Nifty50 fell 1 percent for a second consecutive session and closed below long-term moving averages on March 10. The correction in global counterparts ahead of US unemployment and non-farm payroll data (due later today), which will have more significance ahead of Federal Reserve meeting later […]

On Thursday, Shilpa Medicare recouped most of those losses and has formed long bullish candlestick pattern on the daily charts with significantly higher volumes, after forming Doji kind of pattern in previous session. It was the second biggest gainer in the Nifty500 index. Sunil Shankar Matkar March 10, 2023 / 07:04 AM IST ‘); $ […]

Balrampur Chini is currently nearing its 3-month’s high which tells that the stock already is in strong momentum. The stock in the latest week broke out of Inverse Head & Shoulder pattern, signaling a beginning of the trend to the upside. ‘); $ (‘#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 […]

RITES was also in action, rising 5.7 percent to Rs 371 and formed strong bullish candle on the daily timeframe with above average volumes. The stock held above all key moving averages since the breaking out of long downward sloping resistance trendline adjoining highs of November 4, 2022 and February 1, 2023. Sunil Shankar Matkar […]

Representative image. The Nifty remained under pressure throughout the session and erased the gains of the previous two days to end almost a percent lower on March 9. Traders turned cautious after the US Federal Reserve’s talk of further rate hikes to tame inflation added to fears of slowing growth. After opening higher at 17,772, […]

BHEL shares gained more than 4 percent to close at Rs 78 and formed long bullish candle on the daily charts after two-day consolidation, with above average volumes. It traded above all key moving averages (9, 50, 100 and 200-day EMA – exponential moving average). Sunil Shankar Matkar March 09, 2023 / 07:01 AM IST […]

Neuland Laboratories breaks out from a falling trend line on the daily chart with a rise in volumes. The momentum indicator RSI (relative strength index) has crossed the level of 60 with a positive crossover confirming the buy signal. Kunal Shah March 09, 2023 / 06:55 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

The Nifty ended higher for the third straight session following a recovery in the last 30 minutes of the trade on March 8, aided by gains in banks, auto, FMCG and oil & gas names. After opening lower, the index slipped to the day’s low of 17,602, tracking weakness in Asian peers following US Fed […]

Given the decent breakout, experts expect another 5-6 percent rally from current levels, taking the price target to around Rs 420, with support around Rs 370 – Rs 380 area. Sunil Shankar Matkar March 08, 2023 / 03:53 PM IST The stock has formed a long bullish candlestick pattern with a long upper shadow on […]

TD Power Systems has broken out from the symmetrical triangle on the daily chart with higher volumes. Primary and intermediate trend of the stock is positive as stock price is trading above its medium and long term important moving averages. Nandish Shah March 08, 2023 / 06:49 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

Oberoi Realty seems to be breaking out from a bullish Inverse Head and Shoulders pattern which emerged following a corrective move. The stock has crossed above the 200-DMA (daily moving average) which stands at Rs 876 and this DMA was almost acting as a proxy neckline for this formation. Sunil Shankar Matkar March 08, 2023 […]

Mahanagar Gas was the star performer, rising nearly 9 percent to Rs 986 and formed robust bullish candle on the daily charts with significantly higher volumes. The stock has been making higher highs higher lows formation for fifth consecutive session, with trading above all key moving averages. Sunil Shankar Matkar March 08, 2023 / 06:55 […]