Paper stocks have rallied over 20 per cent in the recent past on hopes of higher demand as schools, offices reopen for normal functioning; charts indicate more upside.
The stocks of HDFC and Bajaj Group are not showing any exciting picture on tech charts at the moment
BSE stock is decisively claiming new all-time high; CDSL broke out of Double-Bottom formation, while IEX has witnessed an Inverse head and shoulder breakout.
Banking shares have bounced back strongly in trades on Thursday amid hopes of a peace deal between Russia and Ukraine on planned diplomatic talks.
Airlines currently face a challenging time ahead on account of record high ATF prices, which are likely to increase further on the back of Russia-Ukraine conflict, says an analyst
Both, Indigo and SpiceJet had broken major key levels; For reversal to take place these stocks need to conquer near-term hurdles and show sustainability.
With Nickel, Gold and wheat also hitting multi-year highs like Crude Oil, these five commodity related shares are likely to witness strong gains, indicate charts.
Similarly, the Bank Nifty may shed another 7 per cent to 30,500-31,000 levels.
ONGC is set to gain another 12 per cent in the upcoming sessions, while other oil related stocks show weakness.
The Nifty Auto index has broken key support levels, and looks weak on the weekly charts indicating a downside of 5 per cent.
Pfizer is near its long-term support, which it has defended for the last five years. A rebound can trigger a 10 per cent upside for the stock.
While Nifty Metal index is just 140 points short of a new historic peak, Vedanta shares gracefully achieved it today
The price hike may spark a bullish rally in dairy-related stocks like Hatsun Agro Product, Heritage Foods and Parag Milk Foods indicate charts.
GE Shipping could see another 5 per cent jump, while other shipping stocks are displaying testing times
Coal India, GNFC, Cholamandalam, Fine Organic and Hitachi Energy can easily provide up to 14 per cent upside, indicate charts.
SpiceJet, Berger Paints and BPCL look weak on charts, while ONGC could gain another 4-8%.
Traders should opt to stay on the sidelines as this is an event-driven volatility, and wait for a decisive confirmation
Sanctions against Russia received lukewarm response from investors. The broader indices outperformed the frontline indices yesterday, but should you chase this rally? Let's find out
Deepak Fertilisers has broken out of the consolidation range of Rs 390 to Rs 340 levels, and can rally up to Rs 450-odd levels.
Stocks like Asian Paints, Astral, Balrampur Chini, Birlasoft, Carborundum Universal, eClerx, Infosys, Max Healthcare, Tube Investments and Torrent Pharma and others are trading at life-time highs