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Nandish Shah is a technical research analyst at HDFC Securities. He has 15 years of experience in the financial markets.
Nandish Shah is a technical research analyst at HDFC Securities. He has 15 years of experience in the financial markets.
The stock price of PFC has broken out from the downward slopping trendline on the weekly chart
The derivative analyst from HDFC Securities recommends this strategy based on the following four rationales
Torrent Power Sept futures have seen considerable long build up, with 80 per cent rise in open interest and 5 per cent rise in price.
Pidilite Sept futures have seen long build up, the open interest has increased by 18 per cent with 5 per cent rise in price.
Short term trend of the stock has turned positive as it closed above its 10-and 20-day EMA
The stock price has broken out on the daily line chart, with higher volumes, to close at all-time high levels
The stock price of JSW Steel has broken out on the daily line chart with higher volumes to close at all-time high levels
The stock price has broken out on the daily line chart with higher volumes to close at its highest level since July 16, 2021
The stock price has broken out on the daily chart with higher volumes where it closed at all-time high levels
The stock price has already broken out on the daily chart to close at an all-time high with higher volumes
The stock price has broken out on the daily chart where it has closed at highest levels since May 06, 2021 with higher volumes
Bank Nifty's short-term trend has turned positive as it closed above its 5- and 20-day EMA
Stock price has broken out on the daily line chart with higher volumes
Jubilant FoodWork's stock price is forming bullish higher top, higher bottom formation on the weekly and monthly charts
The stock price of Bajaj Finance has broken out on the daily chart by surpassing the resistance level of 5800 with higher volumes
The stock price has already broken out from the downward slopping trendline on the daily chart
Stock price has broken out from the downward slopping trendline on the daily chart by adjoining the highs of April 30 and May 7, 2021
The stock's primary trend is positive where it is trading above all important moving averages
The short term trend is positive where the stock is trading above its 5-, 20- and 50-day EMA
The short-term trend of the stock turned positive as stock price closed above its 5-day EMA, first time after 07-April 2021