Here's why Subash Gangadharan is bullish on Hikal, Gujarat Gas

The technical & derivative analyst from HDFC Securities expects weakness in Nifty to continue

Subash Gangadharan Mumbai
Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis
Web Exclusive Premium

Weakess to continue On the daily chart, we can see that the Nifty remains in a downtrend after breaking down from its recent trading range and despite the bounce back seen on Tuesday. The 20-day SMA is also sloping down and on the verge of crossing below the 50-day SMA. Weekly momentum readings like the 14-week RSI are in decline mode.

Also Read

Two technical stock picks by Vaishali Parekh of Prabhudas Lilladher

Market outlook & two stock ideas by Sameet Chavan of Angel Broking

Eicher Motors, Zee Ent: Trading ideas by Ajit Mishra of Religare Broking

3 stock ideas by Osho Krishan of Anand Rathi: Buy Havells, Ipca Labs

Two stock recommendations by Vaishali Parekh of Prabhudas Lilladher

Here's why Osho Krishan recommends buying Bharti Airtel, Birlasoft

Short-term bias for Nifty seems weak, says Subash Gangadharan

Here's why Ajit Mishra recommends buying Birlasoft, Mahindra & Mahindra

Here's why Ajit Mishra is bullish on Petronet, Motherson, Muthoot Finance

Here's why Osho Krishan recommends buying KEC, Tata Motors DVR

Gujarat Gas

  • 1D
  • 5D
  • 1M
  • 3M
  • 6M
  • 5Y
  • MAX

First Published: Nov 24 2021 | 7:55 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to