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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 show that Religare and VIP can potentially rally up to 30% from here, while DMart stock can slip another 7%. These are the key levels to watch out for on these 3 stocks.
Technical chart suggests that the key monthly support for the BSE Sensex stands at 81,300 levels; break and sustained trade below the same can trigger a sharper fall.
Bosch stock has rallied over 12% so far this July, and looks favourably placed on the technical charts for a potential rally of up to 22%.
Tata Elxsi stock was seen testing its 100-DMA support after a gap of two months; chart hints that the stock could slide all the way to ₹5,285 levels, in case near support levels are taken out.
TCS share price slipped below the trend line support on the daily scale post Q1 results; the stock can potentially drop another 5 per cent, suggest technical charts.
Technical outlook on Tata group stocks: Chart suggests up to 16% downside risk for Tata Motors, Titan, Trent and Tata Power; here are the key levels to track on these shares.
Despite trading in overbought territory Delhivery, Metropolis Health look poised for up to 19% further gains, while Usha Martin stock could dip 9%; suggest technical charts.
Donald Trump threatens of a potential 200% tariff on pharma imports; can this derail the rally in pharma shares, which have gained up to 50% in 3 months. Here's what the technical charts suggest.
JP Power stock needs to break and trade consistently above ₹23.90 levels to open the doors for a sharper rally towards ₹34 levels, suggests the long-term technical charts.
Technically, Hindustan Unilever looks the strongest for now, while ITC is seen trapped in a trading range for more than a year.
Time to buy these 5 smallcap stocks? JK Tyre, Timken India, Triveni Turbine, Can Fin Homes and Rainbow Children can potentially rally up to 27% from here, suggest technical charts.
Meanwhile, brokerage-related shares such as Nuvama, Motilal Oswal, Angel One and IIFL Capital look favourably placed on charts, and can potentially rally up to 19% from current levels.
Stock Market Weekly Outlook: The BSE Sensex faces a key hurdle around 84,240 levels; Nifty seems on course to test 25,900 levels, suggest technical charts.
The Nifty SmallCap index witnessed a 'Golden Crossover' on four occasions thus far in the past, with each resulting into a gain; historical chart shows a massive 110% rally post August 2020 breakout.
Lodha (Macrotech Developers) stock is seen trading close to the neckline support of the 'Head and Shoulders' pattern on the charts, indicating crucial support around ₹1,365 levels.
Asian Paints is seen testing the 200-DMA hurdle after 8 months, while Kalyan Jewellers is at the long-term moving average after 6 months. Charts indicate up to 26% upside for these 2 stocks.
Technical Outlook on HDFC group shares: Charts suggest HDFC Bank, HDFC Life and HDFC AMC stocks can potentially rally another 14% from here.
MRF, TVS Motor, Tata Motors, Maruti, Mahindra & Mahindra and Ashok Leyland from the Nifty Auto index have witnessed a 'Golden Crossover' in recent months; here's a detailed outlook.
Midcaps Persistent Systems and ICRA alongwith smallcap Valiant Labs look technically strong on charts, following the formation of 'Golden Cross' on Wednesday.
Gensol Engineering stock hit the 5% upper circuit for second straight trading session today; this comes after stock crashed nearly 95% in the last 5 months. Here's a technical outlook on Gensol.