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Rex Cano

Rex Cano

Rex Cano

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.

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Page 27 - Rex Cano

Up 30% from lows; is Vodafone Idea share price headed towards Rs 10-mark?

Technical charts suggest that Vodafone Idea stock can potentially rally to Rs 10.90 on the upside, provided the stock sustains above this resistance zone.

Up 30% from lows; is Vodafone Idea share price headed towards Rs 10-mark?
Updated On : 02 Dec 2024 | 10:51 AM IST

Coal India, Tata Elxsi among 4 stocks to be wary of as market bounces back

Coal India, Tata Elxsi, Schaeffler and ELGI Equipments have witnessed a 'Death Cross' pattern on the daily chart; hence are likely to face downward pressure going ahead.

Coal India, Tata Elxsi among 4 stocks to be wary of as market bounces back
Updated On : 25 Nov 2024 | 2:24 PM IST

Bullish cues: Notable Put-writing seen for first time in 2 mths; F&O data

Derivatives market update for Nov 25: FIIs net purchased 46,700 contracts of index futures on Friday - the most in a single day since September 22; thus reducing some of their short bets.

Bullish cues: Notable Put-writing seen for first time in 2 mths; F&O data
Updated On : 25 Nov 2024 | 9:03 AM IST

It is a sell on a rise market now with Nifty upside capped, suggest charts

As persistent selling at higher levels continues, Chandan Taparia of Motilal Oswal believes a 'sell-on-bounce' trend is firmly in place at least for now

It is a sell on a rise market now with Nifty upside capped, suggest charts
Updated On : 23 Nov 2024 | 12:29 AM IST

Max pain for Bank Nifty seen at 50,900; bias seems cautiously positive

F&O cues for Nov 22: Bank Nifty formed a hammer candlestick pattern on Thursday; trade above 50,650 levels can trigger a pullback towards 51,000 - 51,500 levels, says analyst from Asit C Mehta.

Max pain for Bank Nifty seen at 50,900; bias seems cautiously positive
Updated On : 22 Nov 2024 | 9:17 AM IST

Adani Enterprises tests Jan 2023 Hindenburg fall support; can slide 34%

Adani Enterprises stock is seen re-testing support around its 200-WMA, like it during the the Hindenburg allegations triggered fall in Jan-Feb 2023, technical chart shows.

Adani Enterprises tests Jan 2023 Hindenburg fall support; can slide 34%
Updated On : 21 Nov 2024 | 3:37 PM IST

Options data hint at bearish bias for Nifty, Bank Nifty; FIIs trim shorts

F&O cues for Nov 21: Foreign investors open interest in Bank Nifty futures declined over 9 per cent as they net bought nearly 25,000 contracts on Tuesday, shows the NSE F&O data.

Options data hint at bearish bias for Nifty, Bank Nifty; FIIs trim shorts
Updated On : 21 Nov 2024 | 9:00 AM IST

Breakout Alert: Can Zee stock be 4th time lucky? Key levels here

Zee Entertainment stock rose 9% in intra-day deals on Tuesday, and was on the verge of confirming a breakout on the daily chart yet again in 2024. The last 3 breakouts turned out be false, show charts

Breakout Alert: Can Zee stock be 4th time lucky? Key levels here
Updated On : 19 Nov 2024 | 12:36 PM IST

NTPC Green Energy IPO opens today: How to trade NTPC, other power stocks

NTPC Green Energy IPO: Trading strategies for NTPC, Power Grid and other listed power stocks on the BSE, NSE.

NTPC Green Energy IPO opens today: How to trade NTPC, other power stocks
Updated On : 19 Nov 2024 | 11:08 AM IST

Can Nifty snap its 7-day losing streak today? Here's what F&O data suggests

F&O cues for Nov 19: Rising Call-writing across 23,500-24,000 range underscores seller dominance, while diminishing Put-writing reflects cautious sentiment, said Dhupesh Dhameja of SAMCO Securities.

Can Nifty snap its 7-day losing streak today? Here's what F&O data suggests
Updated On : 19 Nov 2024 | 9:07 AM IST

RIL, Tata Motors, Titan: Over 50% Nifty stocks trade below 200-DMA

As many as 27 out of the Nifty 50 stocks are trading below their respective long-term moving average; analysts see this as an overall weak trend in the market.

RIL, Tata Motors, Titan: Over 50% Nifty stocks trade below 200-DMA
Updated On : 18 Nov 2024 | 11:01 PM IST

Oversold Alert: 5 stocks with RSI around 15; Colgate tests 20-year support

Asian Paints, Aurobindo Pharma, AIA Engineering, Delhivery and Colgate-Palmolive stocks were trading in oversold zone, the daily chart shows. Here are the key levels to track.

Oversold Alert: 5 stocks with RSI around 15; Colgate tests 20-year support
Updated On : 18 Nov 2024 | 12:54 PM IST

F&O data shows Nifty pivot at 23,550; Can Bank Nifty trigger a pull-back?

F&O cues for Nov 18: As long as Bank Nifty holds the 200-DEMA support near 49,900, the index could witness a pullback move towards 50,500-50,600 levels, believes Hrishikesh Yedve of Asit C. Mehta.

F&O data shows Nifty pivot at 23,550; Can Bank Nifty trigger a pull-back?
Updated On : 18 Nov 2024 | 9:01 AM IST

Zomato, ATGL, Paytm: Should you buy these stocks as NSE approves F&O entry?

The NSE has approved the addition of 45 new stocks to the F&O; technical chart suggests that these 5 including the likes of Paytm, Zomato and Adani Total Gas can zoom up to 27% from present levels.

Zomato, ATGL, Paytm: Should you buy these stocks as NSE approves F&O entry?
Updated On : 14 Nov 2024 | 1:24 PM IST

FIIs add short positions in Nifty, Bank Nifty; OI rises up to 75% in Nov

F&O cues for Nov 14: Nifty has dipped nearly 3% thus far in Nov series, with FIIs holding short positions in 3:1 ratio; while retail investors holding bullish bets at 2:1 in index futures, shows data.

FIIs add short positions in Nifty, Bank Nifty; OI rises up to 75% in Nov
Updated On : 14 Nov 2024 | 8:59 AM IST

What if Nifty 50 fails to hold the 200-DMA at 23,530? Key levels here

In the worst case, the Nifty can slide another 14% towards 20,300-odd levels. For now, near support for the index is seen at 23,250 and 22,900 levels, shows the technical chart.

What if Nifty 50 fails to hold the 200-DMA at 23,530? Key levels here
Updated On : 13 Nov 2024 | 4:13 PM IST

Key support for RIL stock stands at this level; here's why

Reliance stock is down nearly 22% from its record high; historically, in the past decade, barring the 50% fall during Covid-19 sell-off, RIL stock has bounced back after a 21% correction.

Key support for RIL stock stands at this level; here's why
Updated On : 12 Nov 2024 | 12:29 PM IST

Nifty remains trapped in 24,000-24,500 range; probability of bounce higher

F&O cues for Nov 12: Options data hint support for Nifty at 23,950; with a high probability of a bounce back towards 24,500 - 24,700; says Sahaj Agarwal of Kotak Securities.

Nifty remains trapped in 24,000-24,500 range; probability of bounce higher
Updated On : 12 Nov 2024 | 9:44 AM IST

Asian Paints shares break 6-year bullish trend; another 17% fall likely

Asian Paints stock was trading at 3-year lows, and had given a downside breakout on the monthly chart for the first time since May 2018; shows technical charts.

Asian Paints shares break 6-year bullish trend; another 17% fall likely
Updated On : 11 Nov 2024 | 9:03 PM IST

Delhivery, RBL Bank: Trading guide for stocks where MFs raised stake in Q2

Mutual Funds increased stake in 84 Nifty 500 stocks in the quarter ended September 2024; here's a technical outlook on select 5 stocks for the likely trend ahead.

Delhivery, RBL Bank: Trading guide for stocks where MFs raised stake in Q2
Updated On : 11 Nov 2024 | 2:56 PM IST