Category: India

NTPC has witnessed a breakout of triangle pattern formation to resume its classical uptrend after a long consolidation phase. It is respecting its 200-DMA, which is currently placed at Rs 160 level. Pravesh Gour February 22, 2023 / 07:05 AM IST Representative image. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

Indian Energy Exchange also joined the bulls’ party, rising over 4 percent to Rs 144, the highest closing level since December 19 last year and formed healthy bullish candle on the daily charts with strong volumes. The stock has been making higher highs higher lows for fifth straight session, with expansion of Bollinger band on […]

The Nifty remained range-bound and closed a tad lower on February 21, as most sectors, barring FMCG, ended in the red, with information technology and PSU banks emerging as the biggest losers. After opening higher at 17,906, the index rose to the day’s high of 17,925 but slipped to a low of 17,800 in late […]

S Chand and Company price has broken out from the downward sloping trendline, adjoining the highs of December 5, 2022 and January 3, 2023. Short term trend of the stock is positive as stock price is trading above its 5 and 20-day EMA. Nandish Shah February 21, 2023 / 06:44 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

JBM Auto was also in action, climbing 5 percent to Rs 581, the highest closing level since April 22, 2022 and formed long bullish candle on the daily charts, with making higher high higher low formation. This stock also traded above all key moving averages, which is a positive sign. Sunil Shankar Matkar February 21, […]

The Nifty50 on February 20 settled at 17,845, the lowest closing level since February 13, down 100 points. The Nifty50 started off the week on a negative note, extending losses for the second consecutive session on February 20, despite a positive trend in Asian peers. The index closed at a one-week low and formed a […]

On Friday, the consolidation range finally got broken on the lower side in Manappuram Finance. This not only confirmed a breakdown from multiple supports but also resulted in resuming its higher degree downtrend. Sameet Chavan February 20, 2023 / 06:55 AM IST Representative image. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // […]

Shree Cement climbed 2.5 percent to Rs 25,757, the highest closing level since May 2, 2022 and formed strong bullish candle on the daily charts with making higher high formation for fifth consecutive session. It traded with above average volumes. Sunil Shankar Matkar February 20, 2023 / 06:58 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] […]

Rajesh Palviya of Axis Securities “Nifty IT has strong resistance between 31,500 and 31,800 levels, which is likely to act as a strong resistance zone and upholding the same will only indicate up move in the sector whereas overturn from the same will indicate a double top,” Rajesh Palviya, Vice President – Research at Head […]

Indian Hotels seems to be taking support from a strong upwards sloping support trendline on the weekly timeframe from the last 22 months and the stock has broken out of a downwards sloping parallel channel pattern on the daily timeframe which can be used as a confluence towards the bullish view. Sunil Shankar Matkar February […]

Shubham Agarwal Nifty closes the week, around 17,951, gaining about 0.44 percent. During the week, Nifty gyrated between 18,150 – 17,745. On the OI (open interest) front, marginal long built-up was witnessed in Nifty Jan Futures over the week gone by as there was an increase in OI, with marginal gains in Nifty weekly closing […]

Renowned financial analyst, Shubham Agarwal, discusses the nitty-gritty of credit spread Options strategy: Equities have been in consolidation for a while now. The movement range of 2-3 percent in headline indices can frustrate any positional trader. While there are cases of such market conditions continuing for over a year, having such a phenomenon for a few […]

The Nifty traded in negative terrain throughout the session and closed half a percent lower on February 17, tracking weak global cues. The US dollar index jumped to a six-week high amid rising expectations for more rate hikes after hawkish commentary by Federal Reserve officials. The Nifty has formed a small-bodied bearish candle with long […]

Since June last year, overall, L&T share price has been making higher high higher low formation on the broader perspective and rallied more than 55 percent, indicating the stock has been maintaining upward rally despite intermittent correction and consolidation. Sunil Shankar Matkar February 17, 2023 / 02:29 PM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

TVS Motor Company prices are nearing an all-time high, which demonstrates the strong upward momentum of the stock. The stock in the latest week has given a breakout from the downward slopping channel which suggest a reversal and a continuation of prior uptrend. Representative image. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

Mphasis, like other technology stocks, traded quite strong, rising nearly 5 percent to Rs 2,263, the highest closing level since August 23, 2022 and formed robust bullish candle on the daily charts with strong volumes. Also with Thursday’s rally, the stock now traded above all key moving averages, indicating positive sign. Sunil Shankar Matkar February […]

The Nifty reclaimed 18,100 but failed to hold on to the gains amid a late selling push and ended 20 points higher at 18,035.80.on February 16, the weekly F&O expiry day. A rally in technology, metal and select pharma stocks helped the index but selling in select banking & financial services, auto and FMCG names […]

Bajaj Finserv has given a consolidation breakout on the daily chart, suggesting a rise in optimism. Furthermore, the stock has remained above its short-term moving average. Kunal Shah February 16, 2023 / 07:20 AM IST Representative image ‘); $ (‘#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){ // […]

Indiabulls Housing Finance has made a good rebound after four-day correction, rising 5.7 percent to Rs 117, and formed Bullish Engulfing candlestick pattern on the daily charts with above average volumes, which is a positive sign. It has given a nice breakout of long downward sloping resistance trendline adjoining December 30, 2022 and January 20, […]

Representative image The Nifty moved in a 50-60 points range before last-hour buying in auto and information technology names pushed it above the spurred psychologically vital 18,000 mark on February 15. The index closed 86 points higher at 18,016, the first time it closed above 18k since January 24. It formed a long bullish candlestick […]