HDFC Life has formed a strong base after hovering in a narrow range for nearly a month and looks set to reverse the short-term downtrend
IGL has been consolidating in a range for the last three months while holding firmly above the support zone of the long-term moving averages
The overall chart pattern of Asian Paints indicates that the prevailing momentum is likely to continue
HDFC Bank has also rebounded sharply and surpassed the resistance zone of moving averages ribbon on the daily chart
Gail has witnessed a fresh breakout on Tuesday, after spending nearly one and a half months in a consolidation range
Most metal stocks are trading at their record highs and showing no sign of slowing down
Hind Petro has been witnessing profit-taking in line with other OMCs and now reached its major support zone of long-term moving average(200 EMA) on the daily chart
The favorable indication from the pharma index is added positive for Biocon's stock
Motherson Sumi has witnessed a breakdown from a distribution pattern on the daily chart
Tata Motors has witnessed a fresh breakout on March 2, after consolidating in a range for a month
Hindpetro has witnessed a strong rebound after forming a base above the support zone of moving averages ribbon on multiple time frames
LIC Housing Finance has witnessed a fresh breakout of late, after spending nearly a month in a consolidation range
We're seeing consistent buying interest in the pharma pack and Lupin is also catching up with the other pharma majors
Britannia has been among the top-performing FMCG counter for the last several years
Among the private banking majors, Axis Bank has witnessed a fresh breakout on January 5, after spending nearly one and a half months in the consolidation range
In line with other oil marketing stocks, the stock price of Hindustan Petroleum has been witnessing gradual recovery for the last two months
Glenmark Pharmaceuticals has recently witnessed a breakout with a noticeable rise in volume, after spending nearly 4 months in a consolidation range of 460-515 levels
Bata India has been trading in a range for the last seven months, after a sharp slide from its record high.
The auto pack is largely trading in tandem with the benchmark and most stocks have recovered to their pre-Covid levels
Tata Chem made an equally sharp reversal after the vertical decline in March 2020 and has made a new record high at Rs 345.90 in August