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Rex Harrison Cano has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and a proficient technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Rex Harrison Cano has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and a proficient technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Technical charts suggest that real-estate related shares from Chris Wood's portfolio could see sharper gains going ahead, while PolicyBazaar is likely to trade on a tepid note.
Muthoot Finance and Manappuram Finance have gained up to 19% thus far in June after RBI eased norms on small-ticket gold loans. Technical charts hint that these stocks can potentially rally 32% more.
Technical charts suggest that midcap stocks such as APL Apollo, Exide Industries, Grindwell Norton, Fortis Healthcare and Lupin may trade with a weak bias in the near-term.
The Nifty MidCap index can slip another 4%, or extend the fall towards 19,600; hints the technical chart. The SmallCap index is yet to confirm a downside breakout.
Hindustan Zinc stock was seen testing support around its super trend line support on the daily chart after two months; a breakdown can trigger up to 18% fresh fall, suggests the technical chart.
The average gain for Ambuja Cements, an Adani group stock, after witnessing 'Golden Cross' formation has been 86% in the last three instances; can history be repeated? Here's what the charts say.
Technical chart shows that BSE stock is likely to trade with a negative bias as long as it sustains below ₹2,924 levels. Here are the key support levels to track.
Technical chart suggests that Bajaj Finance stock could rally towards the ₹1,000-mark in short-to-medium term period; here are the key levels to watch out for.
The Baltic Dry Index now quotes at a 8-month high. Technical charts hint at a potential 36 per cent upside for select shipping stocks like SCI, Dredging and Seamec. Details here
Technical charts show that HAL and BEL have zoomed around 1,000 per cent in little more than 5 years post a significant breakout on the monthly scale.
The BSE Sensex may trade in the 79,600 - 82,600 range this week; technical chart indicates that the bias is likely to remain positive above 79,150 levels. Nifty near support seen at 24,512.
GTL, Exxaro Tiles have rallied smartly in the last one month on the back of significant jump in trading volume. Analysts recommend exercising caution while trading in such penny shares.
Technical chart shows that this oil-related India-listed stock - OIL India - can potentially rally up to 27% from here on as Crude Oil soars on Israel-Iran war fears.
Technically, the near-term bias for the Nifty is likely to remain favourable as long as it holds above 24,512; below which the index can slip another 2 per cent to test its 200-day moving average.
The Nifty Pharma index and select shares such as Biocon, Cipla, Zydus Life and Gland Pharma were trading above the respective 200-DMAs after more than 2 months; show technical charts.
Technical chart shows that bias for Paytm stock is likely to remain cautiously optimistic as long as the stock manages to close above ₹883. Here are the key levels to track.
Infosys, Persistent Systems and Mphasis are likely to trade with a favourable bias as a key momentum indicator - the MACD has turned positive on the technical charts for these 3 IT stocks.
Alok Industries, HFCL, Just Dial, Network 18, Den Networks and Hathway Cable, part of RIL-group holdings, were seen trading with huge losses even as RIL stock hit a 8-month high on Wednesday.
Technical charts show that largecaps stocks - Adani Total Gas, LTIMindtree, Jindal Stainless, RECL and CRISIL are favourably placed for likely gains in the near term.
BSE and MCX share prices trade at all-time high levels. Technical chart suggests a likely positive bias for MCX and IEX stocks, while BSE may witness high volatility in the near-term.