In some stocks, the selloff has been overdone. These stocks, as per their technical chart pattern and the Relative Strength Index (RSI) indicator, have exited the oversold territory
The move follows tightening of section criteria for stocks in the derivatives segment by market regulator Securities and Exchange Board of India (Sebi) in 2018
The "better late than never" has become the mantra of trading in these days of uncertainty.
Candlestick patterns help determine the next course of action while taking an informed trade. Harami Black and Black Crow are the two major candlestick patterns that can show a reversal in a trend
For now, the S&P BSE Sensex is trading well above the 50-DMA and is showing positive sentiment, which is likely to persist for some more time
Despite the fall from the top and the range-bound trade off-late, there are investment-worthy opportunities where the stocks can move up over the next few sessions
A Golden Cross, a jump in volumes when a stock crosses 200-DMA and a trend line breakout indicate strong upside for these seven stocks.
A new all-time high in SBI after a year, Golden Cross on Oriental Bank and the overall positive trend in Allahabad Bank suggest upsides from the current levels.
During periods of high volatility, the best opportunities are offered in the options segment. Fortunately, the election result is falling on the day of weekly expiry; one can take maximum advantage
A straight fall of nine days, among which four sessions witnessed selling pressure over one per cent has dented the positive sentiment to a greater extend
Having a list of stocks breaking downward in chart patterns helps to take a wiser decision. Here is the list of stocks showing a negative trend -
Only a strong close above Rs 327 holds a key in Bharti Airtel, ICICI Bank holding 20 SMA strongly, Hindustan Unilever has a Falling channel, Britannia Industries trading in oversold territory.
Reliance Capital's key level is Rs 115, Reliance Infra seems breaking consolidation and Reliance Communications (RCom) needs a reversal to regain the interest, as per the technical charts.
A successful Golden Cross not only changes the stock sentiment but adds to the immediate trading strategies. One may look at going long, considering 10-15 days as trading sessions, as per charts.
Nifty Bank is well positioned above 29,800 on closing basis, the index needs to hold a range of 30,150 - 30,000 to create an intra-day base for trading
As per the Elliot Wave Theory, we are in the fifth wave of an immediate trend and the third wave of the Big Bull Run.The corrective phase within the wave count includes low of 4,531 and 6,821
Zeel lacks the significant volumes that can drive the price to higher levels, Jet Airways has a consolidation breakout , DHFL resisting at 100-days moving average, RCOM needs to hold range Rs2 - Rs3.
If Nifty 500 index holds 9600 for the current month, then can expect a rally towards all-time high of 10,049
Stocks like YES Bank, HDFC and TCS are witnessing higher open interest (OI) for April series.
Currently, Rs 1,300 stands as immediate support for Reliance Industries stock, subsequently followed by Rs 1,260 level.