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Rex Harrison Cano, part of Business Standard's online markets team, has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and an expert technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Rex Harrison Cano, part of Business Standard's online markets team, has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and an expert technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Death Cross alert: Technical analyst at Choice Broking expects Nifty Auto and Bank Nifty to underperform in the near-term as shorter-term moving average has slipped below the long-term 200-DMA.
Top stocks to buy below ₹100: Rajesh Bhosale of Angel One recommends buy on NHPC, NMDC, HCC, South Indian Bank and Lloyd Engineering for up to 23% upside potential based on technical chart patterns.
Analysts at Geojit Investments expect Navin Fluorine stock to rally to ₹8,500 levels, as it is exhibiting strong bullish price action with well-defined higher highs and higher lows on charts.
Virat Jagad, technical analyst at Bonanza believes that Vodafone Idea stock is showing signs of base formation but needs to clear the resistance zone of ₹10.5-11 for confirmation.
Nifty may remain rangebound in near-term; investors may prefer a calibrated strategy - staying invested while selectively booking profits in overheated stocks, says Ajit Mishra of Religare Broking.
Anand James, chief market strategist of Geojit expects up to 22 per cent upside in Tata Chemicals, Ramkrishna Forgings and Crompton Greaves Consumer Electricals.
Maruti Suzuki India stock outlook: Technical analyst at Mirae Asset Sharekhan believes that Maruti can rally over 20% past the ₹15,000-mark, as and when it clears the 38% retracement level.
Eternal stock can retrace up to 61.8 per cent of the preceding fall, implying a potential upside target price of ₹310 in the near-term, explains Muthuselvaraj of Mirae Asset Sharekhan.
A technical breakout on charts, coupled with clear earnings visibility backed by rising order book are among the key reasons why analysts at Geojit are bullish on HFCL share price.
Technical analyst at Choice Broking expect CUB and LTF to rally up to ₹315 and ₹320 levels in the near-term; whereas Elara Capital projects a medium-term target levels.
Axis Bank and Paytm opened with a negative gap, dipping up to 8% in Monday's trading session. Angel One's technical analyst warns that this bearish gap may weigh on sentiment at these 2 counters.
Osho Krishan of Angel One believes that Reliance Industries may trade range-bound in the near-term, with strong support at ₹1,300; below which it may face further selling pressure.
Analysts at Bajaj Broking believe that Bharat Electronics stock is on the cusp of an upside breakout, according to the Flag formation pattern on the daily chart.
Anand James, chief market strategist at Geojit Investments highlights that Infosys and HCL Technologies look weak on charts as both were trading below March lows and the lower-end of Bollinger Bands.
Kunal Shah Senior Technical Analyst at Mirae Asset Sharekhan believes that Nestle India has given a decisive breakout on the weekly chart, and could potentially rally to ₹1,500-mark on the upside.
Rajesh Bhosale, technical analyst at Angel One believes that overbought conditions tend to persist during strong trends as they also reflect inherent strength.
Amol Athawale of Kotak Securities believes that Vedanta is trading with a positive bias, and expects the stock to test ₹820 - ₹825 levels on the upside.
Technical analyst at Bajaj Broking is bullish on Vodafone Idea stock as it generated a breakout above a falling channel, and is seen sustaining above its 200-DMA.
Kunal Kamble is bullish on smallcaps Cupid, MMTC and South Indian Bank as the Nifty SmallCap 250 index attempts a breakout above its 200-DMA on the daily chart.
Technically, ICICI Bank looks stronger on charts and may test new highs after a brief consolidation, believes Ajit Mishra of Religare Broking.