Category: India

Post consolidating in a range in last couple of months, Sun TV Network witnessed a buying interest and has given a breakout from that consolidation. The volumes along with the breakout were high which is a positive sign. Sunil Shankar Matkar July 27, 2022 / 06:33 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

The Nifty50 has recouped all its previous day’s losses and formed a bullish engulfing candlestick pattern on the daily charts, indicating that bulls are back in action ahead of the outcome of the two-day Federal Reserve meeting tonight. The index has got strong support at the bullish gap area of 16,490-16,360 created on July 20. Hence, […]

Maruti Suzuki and Ambuja Cements are both showing strength. Read on to know what Rohan Patil of Bonanza Portfolio suggests investors should do: RohanPatil June 30, 2022 / 08:12 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”); //} […]

Trend of KEC International turned positive as stock price has formed higher top higher bottom candlestick pattern on the daily chart. Primary trend of the stock turned positive as stock price has closed above 200 days EMA. Nandish Shah June 28, 2022 / 06:36 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ […]

The Nifty closed higher for the third consecutive session on June 27, gaining 133 points, or 0.85 percent, at 15,832. It formed a bearish candle, which resembled a Bearish Belt Hold pattern, on the daily chart as it failed to close above the opening level. The positive close was backed by an uptrend in global […]

Traders should take one step at a time and avoid aggressive trades, as there are clusters of resistances lined up for the NIfty on the way up Sunil Shankar Matkar June 27, 2022 / 09:55 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){ // […]

Nifty closed the week ended June 24 on a positive note with gains of around 2.60% at 15,718. During the week, Nifty gyrated in a range of 15,748-15,202. With an increase in Open Interest (OI), long built up was witnessed in Nifty over the week gone by. Meanwhile, Bank Nifty gained about 2.79% as it closed the week […]

It will be interesting to see how the market behaves in the first half of the week. If global relief extends, we may see the Nifty surpass the 16,000-mark, which will trigger a sharp short-covering rally Sameet Chavan June 27, 2022 / 06:46 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

The downtrend in the market is far from over, if technical evidences are considered, and the broader index may decline to a level anywhere between 13,950 and 13,500, says Mazhar Mohammad, Founder and Chief Market Strategist at Chartviewindia. “We are not buyers at these levels but wait for a panic bottom to form around 14,000 levels which […]

We do have opportunities where the fall seems just a bit overdone. Well, there are many ways in which most of us traders conclude that the down move has touched its extreme. The indicator could be as simple as previous significant low, or a bit complicated sentimental indicator. No matter how we do it, but […]

Asahi India and Indian Hotels show clear uptrend. Read on to know what Vidnyan Sawant of GEPL Capital suggests you should do with the stocks: ‘); $ (‘#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”); //$ […]

After a medium term correction, Nykaa is hovering within the range of Rs 1,300 to Rs 1,540. Technically, the short term texture of the stock is non directional and we are of the view that the rangebound activity is likely to continue in the near future. Sunil Shankar Matkar June 24, 2022 / 08:09 AM […]

India VIX, the fear index, fell 1.97 percent to 20.88 levels, giving comfort to bulls The Nifty50 showed a smart recovery in the last couple of hours of trade and closed nearly a percent higher on June 23 following the positive trend in Asian counterparts. The index witnessed a formation of the bullish candle which […]

Birlasoft and Ipca Labs show bullish patterns on technical charts. Read on to know what Rohan Patil of Bonanza Portfolio suggests you should do. RohanPatil June 23, 2022 / 07:46 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”); […]

At current juncture, Trident is in crucial support zone of Rs 35-36. Moreover, exactly at those levels, we have seen Bullish Engulfing on June 21 along with volume picking up and it is a sign of positive momentum. Sunil Shankar Matkar June 23, 2022 / 07:33 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

J Kumar Infraprojects has a strong bullish setup where it witnessed a breakout of Descending triangle breakout on the longer timeframe. It has retested its previous breakout Rs 240 level after hitting a fresh 52-week high. Santosh Meena June 22, 2022 / 06:27 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

JSW Energy has been correcting along with the broader market since the month of October. The stock has been forming a ‘Lower Top lower Bottom’ formation on the daily chart and hence seems to be retracing its previous uptrend. Sunil Shankar Matkar June 22, 2022 / 06:36 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

The Nifty closed almost two percent higher on June 21 in its best session in three weeks on positive global cues and buying in beaten-down sectors such as metals and information technology. The index closed 288.65 points, or, 1.9 percent, higher at 15,638.80, decisively breaking the upper-end of resistance (15,600) and forming a bullish candle […]

SRF has breached the crucial support of its 200 days EMA and closed below that for two consecutive sessions. Stock price has broken below from Bearish Head and Shoulder pattern on the daily charts. The monthly relative strength index (RSI) has exited the overbought zone with negative divergence. Vinay Rajani June 21, 2022 / 07:04 […]

On weekly chart of HDFC, we saw some sideways action post breakdown happened at Rs 2,400 levels with volume confirmation. Prices have been maintaining lower low, lower high formation. The downtrend was also preceded by Negative direction. Sunil Shankar Matkar June 21, 2022 / 07:21 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // […]