Category: India

MRPL has bottomed out at Rs 40 levels with double bottom price formation and currently sustaining at multi-year high with strong volume support on the weekly charts. ‘); $ (‘#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(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; […]

After a medium term correction, on last Thursday, CARE Ratings bounced back sharply, rallied over 3 percent. However, in this month so far, it is corrected over 11 percent. Sunil Shankar Matkar May 20, 2022 / 06:35 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){ […]

The Indian market crashed on May 19 amid a global meltdown and mounting worries about inflation eating into earnings and slowing economic recovery. Selling across sectors saw the Nifty plunge 430.90 points, or 2.65 percent, to close at 15,809.40. The index can slip to 15,735 and 15,500 if it stays below 16,000, whereas hurdles are […]

Tata Elxsi on the daily chart has given a sharp V shape reversal rally and has formed an intermediate bottom at around Rs 6,800 levels. The prices have also given a downward sloping trend line breakout on May 18 above Rs 8,200 levels. RohanPatil May 19, 2022 / 06:28 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] […]

What a classic setup we are having MCX India, precise Bullish BAT pattern on daily chart with N wave completed near potential reversal zone of Rs 1,200-1,220. Sunil Shankar Matkar May 19, 2022 / 06:33 AM IST IDBI Bank offloaded its entire stake in ARCIL to Avenue India Resurgence. IDBI Bank has said that it […]

In a highly volatile session on May 18, the Nifty ended flat amid mixed a trend on the sectoral front. The index opened above 16,300, extending the previous day’s gains but failed to hold on to the intraday gains to end marginally lower, forming a small-bodied bearish candle on the daily scale. It closed 19 […]

Jash Engineering is in strong bullish momentum and outperforming the broader market. It took support at 50-DMA after a pullback and now it is witnessing a breakout of bullish flag formation to resume its bullish momentum where Rs 780 looks an immediate target. Santosh Meena May 18, 2022 / 06:47 AM IST Motilal Oswal announced […]

Post listing, Nykaa saw some consolidation but has seen a corrective phase since the start of this month. The historical data is limited to analyze the stock for long term but from a near term perspective, Rs 1,200 is the immediate support. Sunil Shankar Matkar May 18, 2022 / 06:52 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

The Nifty gained 2.6 percent on May 17 to close at 16,259.30 on sustained buying, especially in metal, auto and banking names. Amid mixed global cues, the Nifty opened higher at 15,912.60, and extended gains as the day progressed. It comfortably closed above 16,200, forming a strong bullish candle on the daily frame. Now it […]

On mid term charts, IRB Infrastructure is moving in an uptrend since March 2020. The stock has seen expansion in volumes with every price rise indicating participation in the counter. The stock has formed a CIP formation (Change in Polarity) at Rs 190 level and the stock is currently bouncing off the same levels. Sunil […]

Short term trend of ICICI Securities turned bullish as it closed above its 5 days EMA, first time after April 20 this year, with higher volumes. Momentum oscillators like RSI and MFI have exited from the oversold zone and started rising, suggesting higher possibility of bullish trend reversal in stock price in the coming days. […]

The Nifty ended on a positive note after six straight days of losses in a highly volatile session on May 16, with gains in auto and financial names lifting the market. Amid mixed Asian cues, the Nifty opened marginal higher and, extended gains as the day progressed and closed in on 16,000 but profit booking […]