Category: India

The stock’s gain was accompanied by big volumes Sunil Shankar Matkar February 15, 2023 / 04:08 PM 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”); //} 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){ […]

Stock surges 12 percent intraday; forms a robust bullish candle with a long upper shadow on the daily charts, indicating a bit of profit-booking at higher levels Sunil Shankar Matkar February 15, 2023 / 02:59 PM 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){ // […]

While the moving average convergence and divergence (MACD) indicator is experiencing an upward centerline crossover, the relative strength index (RSI), a momentum indicator, is positively poised in Poonawalla Fincorp. Pravesh Gour February 15, 2023 / 06:39 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){ […]

Rashtriya Chemicals and Fertilisers which rallied nearly 5 percent to Rs 112.4 and formed bullish candle which to some extent resembles bullish engulfing kind of pattern on the daily charts after taking support at around Rs 105 or 200-day EMA (exponential moving average). Sunil Shankar Matkar February 15, 2023 / 06:44 AM IST ‘); $ […]

Market The Nifty closed 159 points higher at 17,930 on February 14, recovering the losses of the previous two sessions, with banking & financial services, FMCG, technology, metal stocks and Reliance Industries supporting the rally. After opening higher at 17,840, the index managed to sustain above the crucial 17,800 level throughout the session. The index […]

Coromandel International has surpassed its 50 DEMA resistance. It has formed higher top and higher bottom on daily line chart. It is on the verge of breaking out from downward sloping trend line on the daily charts. Volumes have gone up along with the price rise recently. Vinay Rajani February 14, 2023 / 06:50 AM […]

Info Edge tanked more than 9 percent to Rs 3,464, the lowest closing level since May 25, 2022, and formed robust bearish candle on the daily charts with long lower shadow indicating some buying at lower levels, with significantly high volumes. It fell below all short term and long term moving averages. Sunil Shankar Matkar […]

The Nifty50 extended losses for yet another trading session on February 13 as traders may be cautious ahead of CPI inflation data due later in the day. Weak Asian cues also weighed on sentiment. The index opened flat at 17,859 and climbed up to 17,881 in initial trades but failed to hold on to those […]

Nifty has been slowly inching higher but is yet to show good momentum. We need it to first give a break above Budget day high of 17,970 followed by psychological level of 18,000. Sunil Shankar Matkar February 13, 2023 / 12:00 PM IST Ashish Kyal is the Founder of Wavesstrategy.com ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] […]

There is a possibility of Nifty may test psychological 18,000 mark followed by 18,200 in coming sessions, with strong support at 17,800-17,650 area, and also if the index surpasses the downward sloping resistance trendline adjoining highs of December 1, 2022 (record high) and January 24, 2023, then more upward move may be on cards, experts […]

On Friday, SRF took off sharply to confirm a ‘Bullish Flag’ pattern on daily time frame chart. If we look at the volume activity, it has risen substantially, indicating strong buying interest at lower levels. Sameet Chavan February 13, 2023 / 06:34 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // […]

Campus Activewear has reported more than 6 percent gains for yet another session, rising 6.5 percent to Rs 420. The stock has formed long bullish candle on the daily charts with healthy volumes for second day in a row, closing above 50-day EMA (exponential moving average). Sunil Shankar Matkar February 13, 2023 / 06:38 AM […]

The upcoming week can be approached with a low-risk strategy like modified Put Butterfly in Nifty. Shubham Agarwal February 13, 2023 / 06:51 AM IST The Nifty closed the week ended February 10 around 17,870, roughly flat. The index gyrated between 17,974 and 17,703 during the week. On the OI (open interest) front, marginal short […]

OIPCR can be used to determine market sentiment—if it is greater than 1, it is considered bullish, and if it is lower than 1, it is considered bearish. Its utility, however, goes beyond this simple interpretation, read on Shubham Agarwal February 11, 2023 / 10:41 AM IST We all believe in the power of market […]

The zone of 17,650-17,700 is likely to be the crucial support area for the index in the coming sessions Sunil Shankar Matkar February 10, 2023 / 05:14 PM IST Representative image The Nifty remained range-bound in a choppy session and closed 37 points lower at 17,856 on February 10. It formed a Doji pattern on […]

Atul Auto is trading at an all-time high, which demonstrates the strong upward momentum of the stock. After testing the neckline of a Rounding Bottom pattern, the stock experienced an upward bounce. The breakout occurred on October 10, 2022. ‘); $ (‘#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’] < […]

With the consistent rally, Paytm has surpassed all short-term as well as long-term moving averages, forming a bullish candle with upper and lower shadows on the daily charts with higher high higher low formation for the fourth consecutive day. Sunil Shankar Matkar February 10, 2023 / 06:43 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

A fresh round of selling is possible if the index slips below 17,800, from where it can slide to 17,650-17,600, experts said Sunil Shankar Matkar February 09, 2023 / 05:35 PM IST The Nifty, after the previous day’s decisive upmove, remained directionless on February 9, the weekly F&O expiry day, in the absence of fresh […]

Poonawalla Fincorp has given a downward consolidation breakout on the daily chart, suggesting a rise in optimism. In addition, the stock has moved above the important near term moving average. Rupak De February 09, 2023 / 07:37 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’] < […]

Nykaa jumped over 5 percent to Rs 146.3, the highest closing level since January 13 and has seen formation of bullish candlestick pattern on the daily charts. In fact, it has been in an uptrend for last seven out of eight straight sessions, but still below all long term moving averages (50, 100 and 200 […]