Over the years, rising stock prices with an upswing in volume has been studied as a strong trend indicator, which shows the possibility of a further upward move in scrips
In the last five sessions, the index has been hovering at 200-days moving average (DMA) located around 9230, as per daily chart. A major trigger for a bigger run stays at 9350 levels
8000 seems to be a point that can witness buying momentum, as it hold the two lows of the double-bottom formation. The index did manage to cross the 8800 mark three days ago, but failed to sustain it
The overbought scenario highlights the bulls getting exhausted and bears getting geared up. Technical indicators entering such scenario inhabit a slower rise in prices and reversal with profit booking
As the stock crosses 200 DMA, the support becomes stronger and resistance gets pushed up higher. When a stock moves up above its 200 DMA, major buying is usually seen around immediate support levels
Here's a look at the five key stocks that are likely to soar up to 10 per cent in the coming days, as per the technical chart.
The index has a strong support of 28,400 for the medium-term perspective. The immediate support comes in at 29,000 followed by 28,800, as per the daily chart.
The highest addition in OI were seen in 10,750 CE (call option) and 10,650 PE (put option) in the weekly options.
GlaxoSmithKline Consumer Healthcare, Monsanto Limited, Ge T&D India Ltd, Tata Elxsi and Voltas are among the few stocks in the S&P BSE 500 index can see more sell-off, technical charts suggest.
DBL, Oberoi Realty, Bandhan Bank, YES Bank, SUN TV, Muthoot Finance, DCM Shriram Future Consumer and Phoenix Ltd can gain ground over the next few sessions, charts indicate
A price channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line. The upper trend line marks resistance and the lower trend line marks support
The candlestick formation on the daily chart of Nifty50 index resembles engulfing pattern. On Friday, the index closed 69 points or 0.64 per cent lower, thus engulfing the previous candle.
Though the Nifty IT index is currently trading above the trendline resistance of 15,010 and the 100-DMA of 14,884, only a strong close with subsequent follow-up buying can lead to a strong breakout.
The Nifty Realty index outperformed the benchmark indices Sensex and Nifty on Thursday, surging as much as 2.30 per cent to 240.80.
In recent times, the crossovers of 14-day moving average (MA) with 9-day exponential moving average (EMA) have been analysed to identify an immediate trend.
Here's a look at how the select metal stocks and Nifty Metal index look on technical charts -
Here are key technical levels you need to keep a tab on
Here's a look at what technical charts indicate for the two buzzing stocks - L&T and Sun Pharma -
The S&P BSE Sensex and the Nifty50 index are heading towards higher highs, helped by positive global cues. The sentiment stays highly optimistic with support from Bank Nifty and Nifty IT indices.
RIL and HUL announced their third quarter results of FY19 on Thursday. Here's a look at what technical indicators suggest for them and other buzzing stocks