Category: India

Lupin has been overall moving in a rising channel and recently taken support near to Rs 720 zone which is also its 50 DEMA. It formed a bullish candle along with a decisive hold Rs 760 zone. Chandan Taparia December 23, 2022 / 07:08 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ […]

Jubilant Foodworks settled 2.4 percent higher at Rs 534 in the last session, the highest closing since December 9. The stock formed long bullish candle on the daily charts with above average volumes, making higher high higher low formation for second consecutive session. Sunil Shankar Matkar December 23, 2022 / 07:17 AM IST ‘); $ […]

The Nifty succumbed to selling pressure for yet another session and closed at a six-week low on December 22, dented by Covid concerns and hawkish commentary in RBI policy meeting minutes. All sectors, barring IT, ended in the red. The index started the day higher at 18,289 but lost all those gains in the initial […]

Cipla has given a breakout of downward slopping trend line with volume confirmation indicating positive strength of the stock. Representative image ‘); $ (‘#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”); //} 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 […]

Biocon shares gained 3.5 percent at Rs 271 and formed long bullish candle on the daily charts with robust volumes. Also there was Morning Star kind of pattern formation, which is generally called as a bullish reversal pattern formed in an downtrend. Sunil Shankar Matkar December 22, 2022 / 06:49 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

The Nifty crumbled to a month’s low on December 21 as a spike in Covid cases in China and growing fears for the global economy weighed on Indian shares. After opening higher at 18,435, the index climbed to the day’s high of 18,473 but erased all the gains in morning trade itself. It sank to […]

The Nifty crumbled to a month’s low on December 21 as a spike in Covid cases in China and growing fears for the global economy weighed on Indian shares. After opening higher at 18,435, the index climbed to the day’s high of 18,473 but erased all the gains in morning trade itself. It sank to […]

Confidence Petroleum is in a classical up move, as it has given a breakout of long consolidation in the last trading session on robust volumes and surged above all the important simple moving averages, indicating inherent strength in the counter. Pravesh Gour December 21, 2022 / 06:03 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

JK Paper shares rallied 3.5 percent to Rs 440, the highest closing level since August 16 this year and formed another long bullish candle with robust volumes on the daily charts. The stock has given a strong breakout of horizontal resistance trend line adjoining several points – August 12, September 1, September 8 and December […]

The Nifty50 cut down losses due to recovery in the second half of the session and closed off the day’s low on December 20, forming a small bullish candle with a long lower shadow which resembles a Hammer kind of pattern on the daily charts. The Hammer is a bullish reversal pattern formed after a […]

NLC India has broken out from descending triangle on the daily chart. It has surpassed previous top of Rs 90 on the weekly chart. Volumes have been rising along with the price rise. Vinay Rajani December 20, 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”); […]

UTI AMC shares had a gap up opening and gained more than 11 percent to Rs 859.55, the highest closing level since August 16 this year. The stock has formed long bullish candle on the daily charts with large volumes, and has seen a breakout of horizontal resistance trend line adjoining several points (February 9, […]

The Nifty50 recouped its previous day’s losses to close above the vital 18,400 mark on December 19, driven by short covering and optimism in European counterparts. Auto, FMCG, metal, select banking & financial services stocks aided the rally. The index opened higher at 18,288 and after initial volatility, gained strength to trade higher for the […]

After the recent correction, Shrikant Chouhan of Kotak Securities says “almost everyone” expects the IT sector to disappoint in Q3 FY2023, and that they’re discounting the results well in advance. He feels the sector may re-test the September low, but won’t go much lower. Volatility index India VIX should start going down from January, said […]

The Nifty50 remained under pressure through the day and closed 0.79 percent lower at 18,269 on December 16, tracking nervousness in global markets amid growing fears of a recession. The index opened lower at 18,319 but rebounded to hit the day’s high of 18,441 only to slip. It sank to the day’s low of 18,255 […]

Hindalco Industries has given a breakout of Ascending Triangle pattern on the weekly time frame. The RSI plotted on the weekly and the daily time frame can be seen placed above the 55 mark, indicating expanding bullish momentum in the prices. Representative image ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

Finolex Cables was also in action, rising 5 percent to Rs 586.7 and formed a long bullish candle on the daily charts with above average volumes. The stock has seen a breakout of small downward sloping resistance trend line adjoining November 30 and December 13, 2022, and a long downward sloping resistance trend line adjoining […]

The Nifty50 lost all its previous three-day gains on December 15, the weekly expiry day, and closed with more than a percent loss while taking support at a weekly low of around 18,350, which can be crucial in the coming session. The Fed rate hike of 50 bps was as expected, but signalling more rate […]