Category: India

BHEL was seen to be giving a breakout on the daily timeframe after three 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 08, 2022 / 06:36 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

The Nifty ended lower on December 7 after the Reserve Bank of India (RBI) raised the key policy rate and sounded hawkish in its fight against inflation. At its bi-monthly monetary policy review, the RBI raised the repo rate by 35 basis points to 6.25 percent and lowered the FY23 GDP growth forecast to 6.8 […]

The structure of Redington is very impressive. It is trading above all of its important moving averages with a positive bias in momentum indicators. Pravesh Gour December 07, 2022 / 06:05 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”); // $ […]

Yes Bank was also in action, rising third of a percent to Rs 17.50, the highest closing level since September 12 this year and formed bullish candle on the daily charts with above average volumes. It has seen a breakout of downward sloping resistance trendline adjoining September 9 and November 28 this year. Sunil Shankar […]

Representative image The Nifty closed 0.3 percent lower after yet another volatile session but defended the vital 18,600 level on December 6, as information technology, metal, pharma, and auto stocks pulled the market down on the eve of the RBI’s rate decision. After opening 100 points lower at 18,601, the index hit an intraday high […]

Hindustan Copper has broken out from the downward sloping trend line on its weekly charts. Volumes have been gradually rising along with the price rise. Vinay Rajani December 06, 2022 / 07:05 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”); // […]

JK Lakshmi Cement shares jumped more than 10 percent to end at record closing high of Rs 825.35 and formed robust bullish candle on the daily charts with healthy volumes. It has been making higher highs for 10th consecutive session. Sunil Shankar Matkar December 06, 2022 / 07:05 AM IST LGB Forge: LGB Forge appoints […]

The Nifty ended flat amid volatility on December 5, as the Reserve Bank of India started its three-day monetary policy meeting, the last for the year 2022, with the central bank expected to moderate the pace of the rate hike. The index opened a tad higher at 18,719 and moved in a 100-point range through […]

Sacchitanand Uttekar of Tradebulls Securities Sacchitanand Uttekar of Tradebulls Securities says 19,000 on the Nifty50 in the current week looks possible but sustenance above the same could be challenging. As observed on its daily scale the ongoing bullish wave from the base of 16,747.70 (September 30) can be easily defined as a classic 5-Wave bullish […]

Minda Corporation has witnessed an ‘Inverted Head & Shoulder’ pattern breakout on the daily chart, which has been backed by robust volumes. The technical indicators construe a firm setup in the stock price, and it is expected to continue its upward journey in the comparable period. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ […]

The momentum is intact and the Friday’s correction is on expected lines given the consistent uptrend in the past. Hence, once the current consolidation ends, the Nifty50 is expected to resume upward journey once again towards 18,900-19,000 levels in coming days, with crucial supports at 18,500-18,300, experts said Sunil Shankar Matkar December 05, 2022 / […]

Varun Beverages shares rallied 4 percent to end at record closing high of Rs 1,319 on last Friday and formed long bullish candle on the daily charts with above average volumes. Sunil Shankar Matkar December 05, 2022 / 06:57 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 […]

I could have written mistakes but mistakes are more intentional in nature or maybe known wrongdoing, while errors are mostly matters that are out of sight. Most traders attracted by smaller lot sizes and smaller moves choose Nifty Options or Bank Nifty options to trade. Trading them for starters is not wrong but there are […]

The Nifty50 remained under pressure throughout the session and snapped an eight-day winning streak on December 2 as the bulls gave up their control. Profit booking as well as weak global cues weighed on sentiment on the last of the week. The index has formed a bearish candle on the daily charts as the closing […]

Looking at the ratio charts of Persistent against the Nifty IT index, we can spot the stock since mid-2019 has most of the time outperformed the benchmark. Persistent in the latest week has given a breakout from the double bottom pattern, indicating beginning of the trend to the upside. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

Voltas closed nearly 3 percent higher at Rs 842.35 apiece on Thursday and formed long bullish candle on the daily charts with strong volumes Sunil Shankar Matkar December 02, 2022 / 07:34 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”); // […]

The gaining momentum continued for the eighth straight session on Dalal Street, thus aiding the Nifty50 index to close above the 18,800 mark for the first time on December 1 (the weekly expiry day) amid positive global cues. The US Fed’s hints at smaller rate hikes going ahead and encouraging economic data points bolstered investor […]

The Nifty is trading in uncharted territory, so theoretically, the upper side is unlimited. Vishal Wagh December 01, 2022 / 09:30 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”); //} if(resData[stkKey][‘percentchange’] >= 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ […]