Category: India

RBL Bank shares rallied 6 percent to Rs 167.55 and formed big bullish candle on the daily charts with above average volumes, making higher highs higher lows for second consecutive session. The stock has seen a nice and decisive breakout of horizontal resistance trend line in the gap up opening on Wednesday. Sunil Shankar Matkar […]

NBCC has given a breakout on the weekly timeframe after four years with above average volumes and the supertrend indicator is also indicating a bullish move which can be used as a confluence towards the bullish view. Vishal Wagh December 15, 2022 / 06:48 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ […]

The Nifty50 further extended its upward journey on December 14 and moved closer to 18,700-18,750 levels, which can remain as an initial resistance followed by record high (18,888). The rally in Asian counterparts following positive cues from US overnight also aided sentiment. The index has remained positive throughout the session and formed Doji kind of […]

Karnataka Bank is in a strong uptrend, and it has given a breakout of a flag pattern formation on the daily chart. It has witnessed a multi-month breakout on the longer time frame. Pravesh Gour December 14, 2022 / 06:06 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”); […]

MCX India rose nearly 4 percent to Rs 1,644, the highest closing level since December 12, 2021, and formed robust bullish candle on the daily charts with higher volumes. The stock has given a decisive breakout of long downward sloping resistance trend line adjoining October 14, 2021, and December 8, 2022. Sunil Shankar Matkar December […]

Representative image The Nifty got back above the crucial 18,500 mark to close 0.6 percent higher on December 13, as retail inflation falling to an 11-month low raised hopes of a slower pace of rate hike. A rally in the global market also helped Indian shares. The index opened higher at 18,524 but corrected to […]

Orient Cement is on the verge of breaking out from the downward sloping trendline on the daily chart, adjoining the highs of September 20 and November 9, 2022. Nandish Shah December 13, 2022 / 07:06 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){ // […]

Yes Bank remained in focus, rising 7 percent to Rs 21.1, the highest closing level since July 13, 2020. It has seen another large bullish candle on the daily charts with robust volumes, especially after decisively breaking out of long horizontal resistance trend line adjoining August 2, December 2 and December 6 this year. Sunil […]

Representative image The Nifty50 recouped early losses and consolidated in a range of 50-60 points in the rest of the trade before closing the session on a flat note on December 12. The index has taken support at 18,300-18,350 levels and formed a bullish candle on the daily charts as the closing was higher than […]

On the indicator front, daily MACD displays bullish divergence on the histogram and its respective lines. Daily DMI’s are positive and advancing its structure further adding strength to Advanced Enzyme Technologies. Jigar Patel December 12, 2022 / 06:39 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’] […]

On the upside, “18,650 – 18,700 are the levels to watch out for. The moment Nifty surpasses this, one should gear up for yet another milestone of 19,000 which seems possible by year-end,” says Sameet Chavan of Angel One in an interview to Moneycontrol. Now, the Chief Analyst-Technical and Derivatives at Angel One says it’s […]

The banking index has been showing outperformance and is continuing its uptrend after some consolidation. Among private sector banks, Axis Bank is showing strength and has given a breakout above its previous swing high resistance. Sunil Shankar Matkar December 12, 2022 / 07:51 AM IST Representative image ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // […]

Varun Beverages was also in focus, climbing 3 percent to end at record closing high of Rs 1,410 and formed bullish candle on the daily charts. Also it has seen a break out of small horizontal resistance trend line adjoining December 5 and December 8. Sunil Shankar Matkar December 12, 2022 / 06:40 AM IST […]

Open Interest is a simple accounting information about futures and options, yet a powerful tool to figure out many of the traders’ secrets. We will discuss how such consensus depicted by the open interest data can help in figuring out the best entry and exit parameters. First let us define Open Interest. Open Interest is […]

The Nifty50 lost all its early gains and remained under pressure for the rest of the session on December 9 despite the positive trend in global counterparts. Technology, metal, PSU banks and oil & gas stocks pulled the Nifty50 tad below the crucial support of 18,500 which was being held for several days. The index […]

Dabur India prices on daily timeframe are continuously hovering around the upper Bollinger Band which tells that the volatility of the prices are rising for upmove. ‘); $ (‘#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”); […]

Bharat Forge was in focus, rising 4 percent to Rs 871.35 and from long bullish candle on the daily charts with above average volumes. The stock has seen a breakout of downward sloping resistance trend line adjoining multiple points – November 11, December 1, and December 5 this year. Sunil Shankar Matkar December 09, 2022 […]

The Nifty snapped a two-day losing streak and closed the weekly expiry session a tad above the vital 18,600 mark on December 8. After opening flat at 18,571, the index traded in the 18,625-18,537 range and closed 49 points higher from the previous day’s close at 18,609. The index formed a bullish candle on the […]