)
Jigar S Patel
Jigar S Patel
Nestle India and Lodha (Macrotech Developers) are among the top stock recommendations of Jigar S Patel of Anand Rathi
Since reaching a peak of approximately Rs 175 in May 2024, SAIL has been under significant selling pressure
Schaeffler experienced a significant decline after reaching its peak near Rs 4,950, dropping approximately 1,155 points, which translates to a substantial 23 per cent decrease in price
At the current juncture, ICICI Bank has found support within its previous breakout range and has maintained this level for the past three sessions.
Asian Tiles has recently confirmed a significant breakout from a long-standing falling trend line, surpassing the Rs 86 mark
Apollo Pipes has recently demonstrated a classic technical pattern known as a triple bottom around its historical support level near the Rs 600-mark.
Recently, PNB has found a support level, forming a bottom around the Rs 114-116 range. This suggests that stock has likely reached a point where selling pressure is reducing & buyers are stepping in.
After reaching a peak near the Rs 101-mark in September 2023, the IDFC First Bank stock experienced a substantial correction of 30 points, translating to a 29.34 per cent decline from its high.
It is recommended to 'buy' Nykaa stocks within the price range of Rs 180 to Rs 185
Recently, Tata Steel experienced a significant decline, dropping nearly 22 points after forming a double top at the 180 level.
From a technical standpoint, the daily chart has revealed an inverse head and shoulders pattern with a neckline at Rs 1,620 & Bajaj Finserv stock is holding steady above this level around Rs 1,640.
True to this pattern, Tata Consumer has recently shown a decisive breakout, marked by substantial trading volume.
From a technical analysis perspective, the Daily RSI has reversed from 50 levels, further signalling a positive outlook for Bajaj Auto stock.
Between March 2023 and June 2024, Hikal has been consolidating within the approximate range of Rs 260-320
HDFCLIFE recently gave a clean breakout on the weekly chart, signalling a potential bullish trend. Prior to this breakout, the stock had been consolidating for 2 weeks
On an hourly scale, MRPL has been showing a consolidation pattern above the 21, 50, 100, and 200-period Exponential Moving Averages (EMA)
On a daily scale, Allcargo has formed a bullish alternate bat pattern following a sharp decline of 14 points, which translated into a substantial 19 per cent reduction in its price
Notably, SBI Life has recently broken out of this consolidation range and is now sustaining levels above it, indicating a potential upward trend
Following a peak near the 933 level, the SBICARD underwent a significant downturn, experiencing a sharp decline of nearly 280 points, which translated to a substantial decrease
PVR Inox has recently exhibited two significant technical analysis signals that indicate a potential bullish shift. Firstly, there is a bullish divergence on the weekly RSI near 30 level