Category: India

On a daily chart, Apollo Hospitals Enterprises is trading in bullish territory after the breakout of the Falling channel and again reclaim the upper band of the pattern, which indicates upward direction in the stock for the short to medium term. Vishal Wagh September 22, 2022 / 06:24 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] […]

The Nifty50 snapped a two-day winning streak and lost half a percent following nervousness among Asian peers ahead of the interest rate decision by the Federal Reserve scheduled to be announced tonight. The index has taken support at the 17,700 mark following a rangebound trading session on September 21. Hence, if the said level holds […]

Cochin Shipyard has witnessed a primary trend-line breakout on the weekly chart with strong volume followed by a breakout of Bullish Flag formation. Pravesh Gour September 21, 2022 / 06:29 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”); […]

Jubilant Pharmova surged nearly 12 percent to Rs 352 and formed robust bullish candlestick pattern on the daily charts with large volumes and also there was a formation of Morning Star kind of pattern, which is a bullish reversal pattern. Sunil Shankar Matkar September 21, 2022 / 06:31 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] […]

The Nifty extended gains for the second consecutive session on September 20, tracking positive Asian counterparts and closed 1.1 percent, or 194 points, higher at 17,816. The rally was across sectors, with the Nifty Pharma emerging as the biggest gainer rising 3 percent followed by auto, banking & financial services and metal indices. The index […]

RPG Life Sciences has broken out from the Bullish Flag pattern on the daily chart. Stock has been forming higher tops and higher bottoms on the daily charts. Recently the stock price registered fresh all-time high at Rs 804 and current levels are very near to that level. September 20, 2022 / 06:10 AM IST […]

Karnataka Bank stock gained 6 percent at Rs 89.25, continuing uptrend for seventh consecutive session. In last five trading sessions, the volume was remained above average volumes. It has a given a nice breakout of long downward sloping resistance trend line adjoining August 16, 2022 and April 8, 2019. Sunil Shankar Matkar September 20, 2022 […]

The Nifty closed higher for the first time in the last four consecutive sessions on September 19, as traders await the decision of the Federal Open Market Committee meeting to be announced later in the week. The index opened flat at 17,541 and slipped to 17,430 but made a smart recovery in to hit the […]

One should avoid trading aggressively till the time market stabilises from this turbulence, Sameet Chavan of Angel One advises Sunil Shankar Matkar September 19, 2022 / 08:56 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’] >= […]

The entire banking space has been on a buying spree since last couple of months. In fact, the banking index managed to clock fresh highs this week and ‘Axis Bank’ is one of the major contributors in the rally. Sameet Chavan September 19, 2022 / 06:17 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

Sumitomo Chemical India share price climbed more than 6 percent to end at record closing high of Rs 524 and formed strong bullish candlestick pattern on the daily charts, engulfing previous six days’ negative candle, with above average volumes. It has seen a breakout of long upward sloping resistance trend line adjoining July 15, 2021 […]

Technical View The Nifty remained under selling pressure on September 16 as well on weak global cues and a surge in the dollar index, falling from around 18,100 to 17,500 in just three days. A rise in US bond yields amid fear of aggressive policy tightening by the Federal Reserve in the upcoming policy meeting […]

While in the correction post December 2021, the stock did not get into the lower low, lower high formation which shows the bullish undertone of Bajaj Holdings & Investment. The stock in the latest week have given a breakout from the Rounding Bottom pattern, which tells the beginning of the trend on the upside. ‘); […]

Welspun Corp was also in focus, climbing more than 8 percent to Rs 264 and formed bullish candle on the daily charts with above average volumes. On the monthly charts, it has seen a breakout of long downward sloping resistance trend line adjoining January 1, 2008, and May 2, 2022. Sunil Shankar Matkar September 16, […]

The Nifty50 extended losses for the second consecutive session on September 15, dragged by technology, pharma, select banking & financial services and FMCG stocks. The index witnessed a formation of the bearish candle on the daily charts and closed below the psychological 18,000-mark on the weekly expiry day. The index has made an attempt for […]

The trend will likely remain positive as long as the Nifty stays above 17,700 Rupak De September 15, 2022 / 06:22 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”); $ […]

Vedanta was the biggest gainer in the futures & options segment, climbing 10 percent to Rs 305.60. It has seen formation of bullish candlestick pattern on the daily charts with robust volumes. Sunil Shankar Matkar September 15, 2022 / 06:29 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”); […]

The Nifty snapped its four-day winning streak to end lower on September 14 on weak global cues but the index managed to stay above the vital 18,000 mark and ended 66 points lower at 18,004. The index opened sharply lower but managed to bounce back more than 300 points from the day’s low and even […]

Sree Rayalaseema Hi-Strength Hypo is in a classical uptrend; it has witnessed a breakout of an ascending triangle formation to resume its uptrend. The breakout coincides with rising volume and it managed to sustain above the breakout level where we can expect the level of Rs 1,000 in the near term. Pravesh Gour September 14, […]

Hikal rallied 6 percent to Rs 361, the highest closing level since May 27 and formed bullish candle on the daily charts with above average volumes. It has seen a breakout of long down ward sloping resistance trend line adjoining April 8 and September 9. Sunil Shankar Matkar September 14, 2022 / 06:33 AM IST […]