Realty stocks are showing strong upside momentum
For DLF, a "Higher High, Higher Low" formation on the weekly chart illustrates a firm trend ahead.
Vodafone Idea may see a rally in the direction of Rs 15 shortly if it manages to breakout above 100-WMA.
Nifty Metal has successfully conquered the 2,500 mark and is set to move towards 200-WMA, which stands at 2,969 levels.
Bajaj Finserv has surged over 50 per cent in less than 15 sessions.
Major stocks are showing upside bias with support from moving averages and technical parameters
A massive surge of over 35 per cent in the past three sessions indicates a positive momentum going-forward for SpiceJet
Nifty Mid and Small caps 100 are showing strong upside.
The basic idea is to determine the crucial levels that might trigger major moves in the stock.
HDFC twins are nearing all-time highs while Bajaj group stocks have seen a tremendous surge in the ongoing November series.
The formation of a "Death Cross" on BPCL has disrupted the upside bias lately. Here is how stocks of oil marketing companies look on the technical charts
After the breakdown below 200-day moving average (DMA) in June 2019, this is the second attempt that the stock is making to conquer the significant moving averages
Titan Company is hovering around the resistance of Rs 1,300 levels.
Moving averages have a great role in the channel breakout
With a strong rebound from 50-DMA, both Sensex and Nifty have built a strong base that can see higher upside
Major stocks are preparing for next leg of breakouts.
Shares of Reliance Industries (RIL) slipped over 5 per cent on Monday morning to Rs 1,948 levels, reacting to the September 2020 quarter numbers released post market hours on Friday
Mahindra & Mahindra, Page Industries, TVS Motor Company, and Wockhardt are among the noticeable names that are exhibiting trend reversal.
As long as Bharti Airtel's stock is able to defend Rs 440-mark, the upside bias may lead to upward rally towards Rs 480 and Rs 510 levels
For Sensex, Nifty50, and Nifty Bank, the underneath trend is bullish till the crucial support levels are held on a closing basis.