Category: India

Himanshu Gupta of Globe Capital “For a long term investor, IT is definitely a space to start accumulating over the next 1-2 quarters, within which we expect a long-term bottom for this sector is likely to be formed,” Himanshu Gupta, VP, Research, at Globe Capital, said in an interview to Moneycontrol. He further said that […]

With Friday’s strong move, SBI Life stock prices managed to traverse the ’20-day EMA’ (exponential moving average), which is an indication of further strength in current week. Sameet Chavan October 24, 2022 / 09:13 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){ // $ […]

The Nifty has been in a range of around 500 points give or take around 100 points here or there. Since more than 2 months. We have been first moving in the 17,500-18,000 and then 17000-17500 range. Options being instruments affected by not only Price but also the time becomes a dangerous instrument to trade. […]

For Nifty, 17,500 and 17,400 would act as key support zones The Nifty50 on October 21 started off on a positive note but weakness in European counterparts weighed on the sentiment in the later part of the session. The index eventually settled flat with a positive bias amid caution ahead of the long weekend, thereby […]

PNB Housing Finance was in focus, rising more than 4 percent to Rs 444, which was one month high, and formed robust bullish candle on the daily charts with large volumes for second consecutive session. Sunil Shankar Matkar October 21, 2022 / 07:30 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

Looking at the broader picture of RHI Magnesita India, we can spot that the overall trend is on the upside. While the steepness of the trend line is rising, this tells that the underlying trend is accelerating for an upside move. Stock Market ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

FMCG, IT, metal and oil & gas stocks supported the market. The Nifty50 on October 20, also the weekly expiry day, was about to break the northward journey that started off last Friday, but the rally in late trade helped the benchmark index continue its uptrend for the fifth straight session. The index withheld the […]

Kirloskar Ferrous Industries has seen breakout of a parallel channel pattern after 13 months on the daily timeframe whereas on the weekly timeframe the stock has made a double bottom pattern which can be used as a confluence towards the bullish view. Vishal Wagh October 20, 2022 / 07:37 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

RPG Life Sciences was another stock that we selected for trade spotlight, rising 4 percent to end at record closing high of Rs 855.80. It has seen high wave kind of pattern formation on the daily charts, and bullish candle for fifth consecutive month. Sunil Shankar Matkar October 20, 2022 / 07:38 AM IST ‘); […]

The Nifty went past 17,600 early on October 19 but failed to hold on it following profit booking at higher levels as a cautious mood in global counterparts affected sentiment. After opening 80 points higher at 17,568, the index hit an intraday high of 17,608, but profit booking in the afternoon saw it close at […]

Apar Industries is in classical bullish momentum and forming higher highs & higher lows formation on the longer timeframe. The previous swing high around Rs 1,540 is an immediate level; above this, we can expect Rs 1,774 level in the near term. Pravesh Gour October 19, 2022 / 06:09 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

TVS Motor Company was up 5 percent to end at record closing high of Rs 1,129 and formed strong bullish candle on the daily charts with above average volumes. On monthly basis, it has continued uptrend for ninth consecutive month, and formed decent bullish candlestick pattern on the monthly scale for seventh straight month. Sunil […]

The Nifty50 had more than 100 points gap up opening and decisively crossed more than couple of earlier swing highs to close with a percent gains, forming small bodied bullish candle on the daily charts on October 18. The 50-share NSE benchmark index extended uptrend for third session in a row, tracking positive mood in […]

Shrikant Chouhan of Kotak Securities is of the view that the mid-cap and small-cap indices will soon begin to follow the benchmark indices trend. “If the positive sentiment continued, the mid-cap and small-cap indices are likely to outperform. However, in uncertain and volatile conditions, traders may prefer to exit out from the overvalued valued and […]

Primary trend of EIH is positive as it is trading above its 50, 100 and 200 days EMA. We expect stock price to end consolidation and resume its uptrend in the days to come. Nandish Shah October 18, 2022 / 06:24 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

Godfrey Phillips India was also in action, rising 7.5 percent to Rs 1,410.5, the highest closing level since January 27, 2020. It has seen formation of robust bullish candle on the daily charts, which engulfing previous day’s red candle, with large volumes. Sunil Shankar Matkar October 18, 2022 / 06:26 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

After an initial hour of volatility, the bulls gained strength, helping the benchmark Nifty50 close near the day’s high on October 17. The index gained seven-tenth of a percent and formed a bullish candle which resembles a bullish Piercing Line kind of pattern on the daily charts. The rally was supported by banking & financial […]

IFB Industries surged more than 11 percent to Rs 985.20 and formed robust bullish candlestick pattern on the daily charts with large volumes, giving a highest close since September 21. Sunil Shankar Matkar October 17, 2022 / 06:27 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’] […]

Technically speaking, Sun Pharma prices are continuing with higher highs and higher lows cycle and the way momentum oscillators are poised, we will not be surprised to see this stock entering the 4-digit territory soon. Sameet Chavan October 17, 2022 / 06:37 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // […]

Healthcare Global Enterprises has broken out from the horizontal channel on the weekly charts. Price breakout is accompanied by jump in volumes. It is placed above all important moving averages, which indicates bullish trend on all time frames. Sunil Shankar Matkar October 17, 2022 / 09:08 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]