Category: India

Hikal share price clocked 9.2 percent gains at Rs 322.35, continuing uptrend for fourth straight day, and formed strong bullish candlestick pattern on the daily charts for second consecutive session. In fact, it has broken long down sloping resistance trend line adjoining September 16, 2021 and May 6, 2022. Sunil Shankar Matkar August 18, 2022 […]

The Nifty continued to gain for the seventh successive session and closed in on the psychologically vital 18,000 mark on August 17 even as the Sensex closed above 60,000 for the first time after April 5. All sectors, barring auto, participated in the rally. The information technology sector emerged as the biggest gainer closing more […]

Star Health & Allied Insurance Company has bottomed out with a V-shape recovery and now it is likely to form a bullish Inverse Head and Shoulder formation in recent pullback as Rs 660-640 is a strong demand zone. Pravesh Gour August 17, 2022 / 06:05 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // […]

HDFC AMC surged 11.5 percent to Rs 2,181, the highest closing since April 18, and formed large bullish candlestick pattern which resembles Bullish Engulfing kind of pattern formation on the daily charts with robust volumes. The stock has strongly broken out four-month long downward sloping resistance trendline adjoining April 4 and August 3. Sunil Shankar […]

The Nifty traded higher for a sixth consecutive session to close at more than a four-month high of 17,825, up 127 points, on August 16. The index, however, formed the indecisive Doji candle on the daily chart, raising doubts over the sustainability of the uptrend. “Despite a strong gap-up opening, the intraday trading range remained […]

Finolex Cables has been forming higher tops and higher bottoms on the daily chart. It has registered fresh 6 months high with rising volumes. Vinay Rajani August 16, 2022 / 06:07 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”); // $ […]

Newgen Software Technologies rallied 11 percent to Rs 411.15, the highest closing level since May 10 and formed robust bullish candle with strong volumes on the daily charts, while breaking the long downward sloping resistance trendline adjoining January 18, May 4 and July 20 this year. Sunil Shankar Matkar August 16, 2022 / 06:11 AM […]

Nifty exhibits a strong rally as it closes the week on positive note with a gain of around 1.73 percent. During the week Nifty gyrated between 17754 – 17377. On the OI (Open Interest) front, longs were witnessed in Nifty over the week gone as there was a increase in OI. On the other hand, Bank […]

Technically, since its listing, PB Fintech remained in a gradual decline, however, in the last few months the pace of the fall flatten, which is resulting in a positive divergence. It is an indication of the change in the prevailing trend. Sunil Shankar Matkar August 16, 2022 / 08:01 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

With around 15 years of experience purely in equity research, Mazhar Mohammad of Chartviewindia says that based on the long-term Elliott Wave counts, he feels that the current rally is an upward corrective move. In Elliot wave parlance, it looks like a Double Three Combination correction and the current counter trend rally is inside the […]

Considering the recent price action, traders are advised not to carry aggressive overnight bets for a while and should adapt the strategy to follow one step at a time and respect levels on either side. ‘); $ (‘#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”); […]

When it comes to Risk Management, Options is the first instrument that comes to my mind. However, we would steer the attention towards Futures for a change today. Futures, or Forwards, actually (ones that are not traded on exchange) has always been used as a primary tool for risk mitigation. I remember many forward selling […]

Tata Motors is in ‘higher top higher bottom’ formation on the daily chart which shows an up trend. Besides, the price has taken support at the 200-day moving average before the recent rally, said Rupak De of LKP Securities Rupak De August 11, 2022 / 07:55 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

Tata Chemicals share price jumped 12.2 percent to Rs 1,074, the highest closing level since October 19, 2021. The stock had a robust gap up opening and large bullish candlestick pattern formation on the daily charts with significantly higher volumes. It has decisively broken the long down sloping resistance trend line, adjoining October 18, 2021 […]

After a day of consolidation, the Nifty50 witnessed a gap up opening on August 11 and reported a four-month high on August 11 following a decline in US inflation for July. However, there was a bearish candlestick pattern formation on the daily charts as the closing was lower than opening levels. Hence, the index needs […]

“As per the short term chart pattern, we feel the index will make an attempt to reach its resistance of 17,800 followed by 18,115. Our bullish view shall be negated if we see prices sustaining below 17,350 level,” said Vidnyan Sawant, AVP – Technical Research at GEPL Capital ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]