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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 short-term trend of the stock is positive as stock price is trading above its 5 and 10-day EMA
The stock price has already given bullish breakout from the downward slopping trendline adjoining the highs of 08-Dec-2020 and 12-Jan-2021
The stock price has broken out on the daily line chart where it closed at highest level since March 12 with higher volumes
Oscillators like RSI and MFI have broken out from the downward slopping trendline, indicating strength in Nifty's current rally
Short build-up was seen in the Maruti Futures' where we have seen 69 per cent (prov) rise in the Open Interest with price falling by 4 per cent
The stock price of IOC has broken out on the daily chart (Adjusted for dividend) where it closed at highest level since March 2020 with higher volumes
The stock price of Tata Power has witnessed running correction of 10 per cent from the recent high and has reached to a support level which, HDFC Securities believes, is a good buying opportunity
Short term trend of the stock has turned positive where the stock price is trading above all important short-term moving averages
The stock price has already broken out on the daily chart on 6th January. Moreover, insurance as a sector is showing strength on the chart
Short covering was seen in the Divi's Lab Futures' where we have seen 1 per cent fall in the Open Interest with price rising by 3 per cent
The stock price of Tata Consumer has broken out on the daily chart with higher volumes where it closed at all time high level.
Primary trend of the Bharat Forge stock is positive where its price is trading above all important moving averages
The stock price has broken down on the daily chart with higher volumes where it closed at the lowest level since 03 November
Trading longs should be held on with the stop loss of 12,700 levels. We expect midcaps to outperform in the coming days.
Long build up is seen in the Exide Futures' where we have seen 7 per cent rise in the Open Interest with price rising by 4 per cent
Short term trend of HPCL stock has turned positive where it is trading above its 5 and 20-day EMA
Primary trend of the stock is positive where stock price is trading above its 200-day SMA
Short term trend of the stock is positive where stock price is trading above its 5 and 20-day SMA
Long build up is seen in the Manappuram fin Futures' where we have seen 7% (Prov) rise in the Open Interest with Price closing flat
Short term trend of the stock is positive where stock price is trading above its 5- and 20-day Moving Averages