Apart from a bull and bear trend, markets also witness phases of consolidation. We delve into what is a consolidation phase, how to identify it and trade during such a phase. Let's find out
In 2007, Tata Steel skyrocketed from Rs 100 to Rs 700 in less than four years; Similarly, since 2020 the stock price grew seven-fold to a high of Rs 1,534.50.
These 5 PSU stocks can jump as much as 25 per cent from the current levels, provided the overall market momentum stays strong
Sensex and Nifty need to conquer 100-DMA to avoid a major sell-off. Global cues, too, need to remain supportive for the up trend to resume
Blue Star is in a long term bull trend and may continue to remain a favorite for market participants.
Fertilizer shares have been the outperformers so far in 2022, gaining up to 100%; While the bullish sentiment seems overrated, charts indicate continuation of the uptrend.
Except for Max Financial Services other insurance related shares seem to be on a weak ground, indicate technical charts.
Overall, the Nifty IT index has declined 19 per cent from its historic peak of 39,446 recorded in early January, 2022. Charts indicate 31,000 to 30,000 as the accumulation range for the index.
Among FMCG stocks, Adani Wilmar seems to be better placed at current levels as per the technical charts.
NTPC, Adani Ports, Coal India, M&M and BPCL can rise higher, indicates technical charts
Ambuja Cement is exhibits a positive bias, and is likely to further gains on follow-up buying; whereas other cement stocks need to overcome major hurdles.
The BSE Telecom index is likely to gain up to 3.50 per cent, as the index firmly holds the support around the 100-DMA, shows chart.
HDFC twins, HDFC in particular, may see some more downward pressure; whereas PSU banks like SBI, Canara Bank and BoB can rally up to 9 per cent.
Shares of Paytm are expected to jump up to 20 per cent after overcoming the resistance at the 50-DMA.
With Monday's 1.7% fall, the Nifty has shed nearly 6% from its recent high. As rising bond yields and weak earnings' outlook cloud sentiment, here is what the market's near-term trajectory looks like
ICICI Prudential Life Insurance seems to be headed towards the 200-DMA, while Infosys and HDFC Bank need to be monitored closely over the next few trading sessions.
Bharti Airtel needs to overcome its resistance at Rs 780 for further upside; MTNL, Voda Idea can zoom up to 30%
The stocks are exhibiting positive trend amid reports that Indian Railways is expected to add 100,000 wagons over the next three years
Tata Consultancy Services (TCS) gained ground in a weak market on Tuesday, a day after the company after post declaring Q4 results on April 11
The overall chart outlook hints at a rally towards the Rs 2,000 mark for the stock.