A decisive close above Rs 1,400 triggered short-covering, resulting in the new up move. That apart, a "flag pattern" with a breakout suggests Rs 1,420 and Rs 1,450 will act as an immediate support
The stock that hits a new lifetime high attracts more volumes resulting in higher price levels.
Tata Steel has witnessed "Death Cross" pattern on the weekly chart but RSI and MACD are trading with a positive crossover.
MTNL saw a continuous 'gap-up' close in last 16 sessions, while Bharti Airtel has been rising with 'Higher High, Higher Low' formation.
HUL has seen a strong selling pressure above Rs 1,850 levels before breaking out after the government cut corporation tax.
While the development is a step in the right direction as regards the real estate sector, non-bank fiannce companies (NBFCs) and the cement sector, too, will reap benefits, some experts say
Here's a look at what technical charts indicate for Nifty Bank and key private banks.
Although a confirm breakout is yet to take shape, still the Delta Corp counter is exhibiting upside on the charts as volumes spike
Glenmark Pharma is continuously going down from Rs 600 levels and is not showing any sign of recovery.
The index had witnessed 10 per cent correction from June, 2019 and an upside of over 5 per cent in the past two sessions has strengthened the positive view on the technical charts
It has been a choppy week for oil prices that surged past the $70 a barrel mark after the largest-ever disruption of crude production in Saudi Arabia amid drone attacks on its key facilities.
Nifty Energy Index has been consolidating in the range of 14,730 - 13,750 since August. The formation seems like triple-bottom and a breakout would mean can take the index to 15,000 mark
Here's how the scrips of leading two-and four-wheeler manufacturers look on the technical charts.
Since the announcement on August 30 made post market hours, stocks of Punjab National Bank, Union Bank of India, Oriental Bank of Commerce, and others have seen a sharp slide at the bourses.
The Union Cabinet recently approved a subsidy of Rs 6,268 crore for the export of 6 million tonnes of sugar. The development triggered a rally in select counters
Trading strategies for media and entertainment stocks
If the Nifty Bank index stays below 2,600 level for another week, then a major breakdown may lead to a long term bearishness, tech charts suggest.
Front runners insurance stocks have seen higher Investor Interest
A bullish divergence on RSI favours the upside momentum along with MACD, which is in a positive crossover
MACD crossing above MACD baseline means a positive trend will emerge for the stock/index going ahead.