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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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IIFL, Geojit: Brokerage stocks tank up to 40% in 2 mths; Time for pullback?

A retracement of up to 50 per cent of the recent fall, can lead up to 18% rally in shares of IIFL Securities, Geojit and Emkay, show technical charts.

IIFL, Geojit: Brokerage stocks tank up to 40% in 2 mths; Time for pullback?
Updated On : 27 Mar 2024 | 12:53 PM IST

Mid-, Small-Caps: Correction coming to an end; Time to buy, says Nuvama

Nuvama Institutional Equities, in report based on technical analysis, expects the Nifty MidCap to turn bullish above 48,100 and SmallCap above 15,400 levels.

Mid-, Small-Caps: Correction coming to an end; Time to buy, says Nuvama
Updated On : 26 Mar 2024 | 1:09 PM IST

Breakout stocks: SRF, Shoppers Stop can rally up to 10%, hint tech charts

Alok Industries and Chambal Fertilisers among others have recently bounced back above their 30-EMAs; charts suggest a possibility of an up move in the near-term.

Breakout stocks: SRF, Shoppers Stop can rally up to 10%, hint tech charts
Updated On : 26 Mar 2024 | 10:45 AM IST

Stock market outlook: What's working in favour of the bulls and bears?

Here are three key factors that are working in favour of the bulls and bears and could dictate the market trend going ahead as per the technical charts.

Stock market outlook: What's working in favour of the bulls and bears?
Updated On : 22 Mar 2024 | 10:27 AM IST

Hindalco, JSW, Tata Steel: Tech charts hint at mixed outlook for metal stks

The NSE Metal index has rallied 3% so far this week, while the Nifty has edged 0.2% higher. Technical charts suggest select frontline metal shares can rally another 14% from present levels.

Hindalco, JSW, Tata Steel: Tech charts hint at mixed outlook for metal stks
Updated On : 21 Mar 2024 | 12:38 PM IST

KRBL, Prestige Estates: Stocks exiting oversold zone; Ready for pullback?

Stocks like BSE, KRBL, Prestige Estates, Sharda Cropchem and Sumitomo Chemical are seen exiting oversold zone and can potentially rally up to 16 per cent in the ensuing pullback, suggest daily charts.

KRBL, Prestige Estates: Stocks exiting oversold zone; Ready for pullback?
Updated On : 20 Mar 2024 | 1:48 PM IST

RIL, BPCL: Nifty below 50-DMA; Key levels to watch on stocks below this DMA

33 out of Nifty 50 stocks trade below their respective 50-DMAs; Charts suggest that select stocks can decline up to 13% in case the fall extends towards the 100-DMAs.

RIL, BPCL: Nifty below 50-DMA; Key levels to watch on stocks below this DMA
Updated On : 20 Mar 2024 | 11:29 AM IST

Can LS elections, IPL revive mood in media stocks? Here's what charts say

Analysts believe that Lok Sabha polls and IPL may provide short-term earnings boost, but the overall sentiment depends on how the RIL-Disney deal shapes up or a revival in Zee-Sony India merger talks.

Can LS elections, IPL revive mood in media stocks? Here's what charts say
Updated On : 18 Mar 2024 | 11:52 AM IST

IRFC, Zomato, Voda Idea: Strategies for most actively traded stocks

As of 10 AM on Friday, Yes Bank, Voda Idea, IRFC, NHPC and Tata Steel were the top traded stocks among the Nifty 200 index. Here's a technical outlook on the select shares.

IRFC, Zomato, Voda Idea: Strategies for most actively traded stocks
Updated On : 15 Mar 2024 | 12:55 PM IST

Stress Test: DSP needs 16 days to exit 25% in SmallCap MF; Edelweiss 3 days

Edelweiss Mutual Fund on Thursday disclosed its first stress test result in order to comply with recent Sebi directive.

Stress Test: DSP needs 16 days to exit 25% in SmallCap MF; Edelweiss 3 days
Updated On : 15 Mar 2024 | 12:46 PM IST

Can the sell-off in mid, smallcap stocks spread to the large-cap universe?

Most analysts, however, do not think so as they expect a minor dip and a sharp recovery as investors flock to the large-caps in search of safety and value buying as the mid-and small-caps falter.

Can the sell-off in mid, smallcap stocks spread to the large-cap universe?
Updated On : 14 Mar 2024 | 11:59 PM IST

Brokerages see up to 25% upside for ITC post BAT stake sale

With today's sharp rally, technically ITC is seen trading close to its long-term moving average on the daily charts.

Brokerages see up to 25% upside for ITC post BAT stake sale
Updated On : 14 Mar 2024 | 12:42 AM IST

Exide, UTI AMC: 5 SmallCaps that hold promise in this market correction

Godfrey Phillips has been one of the key outperformers among SmallCaps thus far in 2024; presently the stock is seen testing support at its trend line, shows daily chart.

Exide, UTI AMC: 5 SmallCaps that hold promise in this market correction
Updated On : 13 Mar 2024 | 1:57 PM IST

IndiGo: Promoter stake sale a non-event; analysts see up to 15% upside

Technical charts suggest that the stock is displaying a firm trend, and trading above its key moving averages.

IndiGo: Promoter stake sale a non-event; analysts see up to 15% upside
Updated On : 12 Mar 2024 | 11:13 AM IST

Natural Gas futures down 51% in 5 months on MCX; Should you bottom-fish?

The MCX Natural Gas futures have declined over 6 per cent so far in March, and tumbled up to 82 per cent from the peak in August 2022.

Natural Gas futures down 51% in 5 months on MCX; Should you bottom-fish?
Updated On : 12 Mar 2024 | 9:16 AM IST

Are the Nifty PSU indices staring at up to 15% fall from current levels?

This particular technical indicator on the weekly charts suggests that the Nifty PSE, CPSE and PSU Bank indices could consolidate or dip in the near-term

Are the Nifty PSU indices staring at up to 15% fall from current levels?
Updated On : 12 Mar 2024 | 12:15 AM IST

Laggards of 2023 scripting a rebound in 2024; Can the trend continue?

Borosil Renewable and EaseMyTrip can potentially rally up to 18% from present levels, while Adani Green and Epigral may consolidate, suggests technical charts.

Laggards of 2023 scripting a rebound in 2024; Can the trend continue?
Updated On : 11 Mar 2024 | 1:50 PM IST

These 2 Tata Group stocks can dip up to 16% in the near term, charts hint

Tata Chemicals had rallied 46 per cent in the last six trading sessions; a 50 per cent retracement of the rally could see the stock dip to Rs 1,217, shows chart

These 2 Tata Group stocks can dip up to 16% in the near term, charts hint
Updated On : 11 Mar 2024 | 11:53 AM IST

Adani Enterprises to RIL: Potential leaders and laggards among Nifty50

Charts suggest that among the key Nifty heavyweights, Infosys, HDFC Bank and ICICI Bank look poised for gains, while Reliance is likely to consolidate in the near-term, writes Rex Cano

Adani Enterprises to RIL: Potential leaders and laggards among Nifty50
Updated On : 09 Mar 2024 | 10:18 AM IST

IIFL, Manappuram, L&T Finance: These NBFCs can fall another 22%; here's why

Among the frontline NBFCs, Bajaj Finance looks interestingly poised, with the stock attempting to form a bottom following a 17 per cent decline since mid January, suggests technical chart.

IIFL, Manappuram, L&T Finance: These NBFCs can fall another 22%; here's why
Updated On : 07 Mar 2024 | 2:40 PM IST