Despite the 15 per cent rally on Wednesday, CARE Ratings still trades 38 per cent lower from its 52-week high; Similarly, CRISIL and ICRA too are down 14 per cent from their respective 52-week highs.
While fundamental analysis helps investors pick stocks for the long-term, technical analysis could help investors make quick bucks in the short-to-medium term. Know more about moving averages.
KEC International and Shriram Transport Finance can soar up to 22 per cent, while Macrotech Developers, Gujarat Fluorochemicals and Godrej Consumer can rally up to 15 per cent, show charts.
Bank of Baroda, Canara Bank, and State Bank of India may see even better returns as they have also broken out of "Double Bottom" pattern
Bharti Airtel and Vodafone Idea can slip into a bear trap if these key supports levels are breached; MTNL by far seems a safer bet.
Until major hurdles are not conquered by Metal index, the turnaround scenario may fade sooner
While the Nifty Auto and FMCG indices are expected to rise 4%, the Nifty Health Care index may emerge as the dark horse
Shares of Hindustan Unilever are exhibiting a major breakout, whereas Dabur India and Marico are not exhibiting much of a promise on the charts.
The Mahindra Group stocks, barring Tech Mahindra, have outperformed the benchmark indices considerably so far in 2022, and look fairly strong on the charts poised for more gains ahead.
In the past, the stock had soared up to 7-fold on two instances, a similar trend seems to be playing on the long-term charts currently.
Shares of major IT stocks are trading near key support levels, if that breaks a severe downside seems imminent, indicate charts.
Voltas, Havells, Blue Star and Whirlpool need to conquer their crucial hurdles to exhibit bullishness.
The bias for Reliance remains positive, with strong support seen at the 50-WMA, below which the next significant support is at Rs 2,350.
According to the technical charts, auto ancillary stocks, like Talbros Automotive, Jupiter Wagons and Minda Industries are likely to rise another 15 per cent in the upcoming trading sessions.
Pharma stocks like Torrent Pharmaceuticals, Sun Pharmaceutical Industries, and Cipla can easily run up to 18 per cent
Like the economy of any country, the markets too have different phases or cycles. And all investors should know about these patterns before making any move. This report offers some insight
According to the technical charts, the range of Rs 2,350 - Rs 2,150 on the stock is seen as a good area for bottom fishing.
Shoppers Stop is expected to rise 15 per cent, while Avenue Supermarts, may decline on breakdown of support.
According to analysts, the stock broking industry is expected to see tepid growth in fiscal year 2022-23 (FY23) amid market volatility
Shares of Zomato face stiff resistance at Rs 78, while the downside support stays at Rs 60