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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.
Stocks to watch on Wednesday, February 14, 2024: Shares of Adani Group are likely to be in focus as ratings agency Moody's upgraded outlook on four of the group companies.
The index had slipped below the 50-DMA back in November 2023, too, but recovered.
Stocks to watch on Tuesday, February 13, 2024: IRCTC, BHEL, Hindalco, National Aluminium, Siemens and Zee Entertainment are few of the prominent companies scheduled to announce Q3 results today.
As many as 49 stocks turned ex-dividend on the bourses this week. Here's a quick chart check on select five among them.
Technically, the stock seems placed unfavourably on multiple parameters. However, a pullback cannot be ruled out, as it trades in oversold zone too.
As per the technical charts, Reliance and TCS seem placed favourably on the charts; hence, the stocks could see further gains in the coming trading sessions.
The stock has rallied over 67 per cent since late November, and looks to be favourably placed on multiple time-frames as per the technical charts.
IOC is likely to trade on a bullish note as long as the stock sustains above Rs 165, suggests the daily chart.
Reliance Industries hit a high of Rs 2,950 in intra-day deals on Friday, while the market capitalisation stood at Rs 19.96 trillion at the highest point of the day.
Reliance and IT stocks led the market rally as investors cheered the fact that Budget 2024 resisted the temptation of populist measures, and stuck to the fiscal prudence path.
The Nifty PSU Bank index was the top performing sector post Interim Budget on Thursday; the index was up almost 12 per cent in the last four days.
Barring IRFC, RVNL which have rallied sharply in the recent pasts, other rail-related stocks like IRCTC, Titagarh Rail Systems and RailTel could rally up to 23 per cent, suggest charts.
The 200-DMA is considered one of the most relevant trend indicators by investors and traders. They believe that stocks and indices trading above this key level exhibit strength and are likely to rally
Maruti Suzuki news: Analysts expect Q3 earnings to take a hit on a sequential basis on the back of adverse product mix and higher discounts offered during the December quarter.
BLS E-Services Rs 311 crore IPO was subscribed up to 2.5 times as of 11:30 AM on Day 1 of the offer period.
Over the last one year, select Adani Group stocks such as Adani Power, Adani Green, Adani Enterprises and Adani Ports have zoomed up to 300 per cent from their February 2023 lows.
Stocks to watch on Thursday, January 25, 2024: Among companies announcing Q3 results yesterday, Tata Steel reported a turnaround while IOC and Ceat postged a 10-fold and 5-fold jump in net profit.
As stocks turn volatile post Q3 results, watch out for these key levels on the likes of ICICI Bank, Hindustan Unilever, CoForge and UltraTech Cement among others and plan your trading strategy.
Stocks to watch on Wednesday, January 24, 2024: Bajaj Auto, Canara Bank, DLF, Exide, Indian Oil, Tata Steel, Tech Mahindra and TVS Motor to announce Q3 results today.
Stocks to watch on Tuesday, January 23, 2024: Zee Entertainment in focus as Sony India calls-off merger; Axis Bank, Havells, JSW Energy, L&T Housing Finance, RECL and Tata Elxsi to Q3 results today.