Category: India

In Tuesday’s trading session, Kalyan Jewellers India witnessed a long-term downsloping trendline resistance with heavy volume and managed to close above 6 months swing high. There is a breakout of Bullish Flag formation in a shorter time frame that generates further momentum. Pravesh Gour August 24, 2022 / 06:30 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

IDFC First Bank was the third largest gainer in the F&O segment, climbing 5.5 percent to Rs 46.05, the highest closing level since February 11. The stocks has seen a Bullish Engulfing candlestick pattern formation on the daily charts with above average volumes as the big bullish candle engulfed all three previous red candles, which […]

The Nifty bounced back after two days of losses to close 87 points, or 0.50 percent, higher at 17,577.50 after a volatile session on August 23. The index formed a bullish candle on the daily charts that resembled the piercing formation. The piercing pattern is a bullish trend reversal or bottom reversal pattern that appears […]

Century Textiles has broken out from the symmetrical triangle on the weekly chart. Primary trend of the stock is positive as it is trading above 20 and 50 and 100 week moving averages. Nandish Shah August 23, 2022 / 06:11 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”); […]

Hitachi Energy India was in a clear uptrend while forming higher high, higher low formation. The stock is currently trading near its record high level which tells that the stock already is in a good momentum. Sunil Shankar Matkar August 23, 2022 / 06:16 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ […]

The Nifty ended in the red for the second consecutive session on August 22, as the Indian market saw its worst day in two months following across-the-board selling and renewed worries of aggressive rate hikes by the US Federal Reserve. The index closed 267.80 points, or 1.51 percent, down at 17,490.70 to from yet another […]

The market, which snapped its eight-day winning streak on August 19, is in for a volatile run in the monthly expiry week Sameet Chavan August 22, 2022 / 05:58 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”); //} […]

Given the expiry week, there could be volatility with also focus on global cues. If the index fails to sustain Friday’s low of 17,710 then we can see further selling pressure, experts said. Sunil Shankar Matkar August 22, 2022 / 08:35 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

Sacchitanand Uttekar The seasonality factor score indicates a tepid September after an extraordinary August with a negative factor reading based on the last five-year performance, believes Sacchitanand Uttekar of Tradebulls Securities. Uttekar thinks it is ideal to remain cautious as the probability of a record high in September would only be certain in case the […]

Indo Amines was the second stock we have considered for trade spotlight, which surged nearly 15 percent to Rs 137.6, the highest ever closing level. The stock has seen a strong gap up opening and formed robust bullish candlestick pattern with strong volumes on the daily charts. In fact, the opening price itself on Friday […]

Covered call is one of the most traditional strategies but is very effective in time likes now. Little bit of support boosts your confidence in taking that trade you would not have taken. Shubham Agarwal August 20, 2022 / 09:20 AM IST Confidence and conviction in directional trading often comes from the fact that there […]

The Nifty50 fell for the first time in the last nine consecutive sessions and closed with over a percent loss on August 19. On the daily charts, the index has formed a Bearish Engulfing Candlestick pattern. A Bearish Engulfing pattern consists of two candles. One candle is usually a small candle which is followed by […]

On the weekly chart of United Breweries, we can observe that prices have shown a bounce on the upside since June 2022 while taking support from the bullish trend line which the prices are respecting since October 2020. ‘); $ (‘#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){ […]

Bajaj Electricals shares rallied 6 percent to close at seven-month high of Rs 1,226.15 and has broken a long downward sloping resistance trend line (adjoining September 17, 2021 and August 8, 2022) with long bullish candlestick pattern formation along with strong volumes on the daily charts. Also it has given a Flag and Pole breakout […]

The Nifty50 managed to eke out moderate gains due to late recovery on August 18 as bulls retained their dominance by winning the game towards the end. The index continued uptrend for the eighth consecutive session despite weakness in Asian counterparts, supported by consistent buying interest showed by FIIs, stability of oil prices below $ […]

The weekly expiry could keep the markets volatile as we have witnessed steady rise in open interest in 18,000 CE strike in the past few days while on the downside 17,800 PE strike has the highest open interest of more than 2,20,000 contracts which could act as immediate support from current levels. Vikas Jain August […]

NTPC witnessed an Inverted Head & Shoulder pattern breakout on August 17 which was placed above Rs 159 levels on the daily time frame. The stock has closed above its neck line support which is an additional confirmation for the pattern. RohanPatil August 18, 2022 / 08:09 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]