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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.
Despite ending 2024 on a strong note, select PSU stocks such as Oil India, NHPC and Coal India plunged up to 43% from the peaks; technical charts hint at a possible pull-back in the near-term.
Derivatives market data shows FIIs net sold 78,868 contracts of Nifty futures in first 4 trading days of Jan series while OI rose 74,992 contracts; thus implying build-up of short positions in Nifty.
Muthoot Finance, Blue Star, Coromandel Fertilisers, Praj, Kaynes Technology, Lloyd Metals, IPCA Labs and Radico Khaitan were the 8 stocks to hit a new life-time high on January 1, 2025.
IREDA stock is seen attempting a breakout on the daily scale, while SJVN is testing support at the key monthly moving average, which the stock has held since August 2020; shows the technical charts.
After rallying up to 88% in 2024, Bajaj Auto and Hero MotoCorp have declined up to 33% from their respective peaks in the last 3 months. Is it time to buy these stocks or wait for further fall?
Technically, ITC is seen trapped in a thin range of Rs 460 - Rs 490 for now. Meanwhile, analysts at SBI Securities are optimistic of ITC's prospects post demerger and see 15% upside for the stock.
Cues from derivatives market for December 31: FIIs now hold more than 5 short positions in index futures for every long trade. Among individual stocks, NSE F&O data shows significant short build-up at
Shakti Pumps has zoomed nearly 550% thus far in 2024, while Kirloskar Pneumatic Company has soared over 150%. Here are the key levels to track as per technical charts in compressors & pumps shares.
The yearly Fibonacci chart suggests that the BSE benchmark index can gyrate in the 69,000 - 88,600 range in the calendar year 2025; an upside breakout of the range can trigger fresh momentum.
Tests 50-WMA - a level not breached since March 2023 - after 200-DMA fall on Friday
Honeywell Automation stock is seen testing its monthly super trend line for the first time since 2014. At present levels the stock has shed one-third of its valuation from its peak.
ITC stock surged over 88 per cent after the company's board approved the hotel demerger in August 2023; at present levels, the stock is down 11 per cent from its peak. Key levels to watch out now.
As many as 30 mid, smallcap stocks more-than-doubled investors wealth in 2024 as MidCap and SmallCap indices outperformed benchmark Nifty 50 with over 30 per cent gain. Here are stock picks for 2025.
The 'Death Cross' term is used when the stock's 50-DMA falls below 200-DMA; which in general leads to a tepid trend thereafter.
In the year 2024, every second stock among largecaps surged more than 50%, with 3 doubling investors' wealth. As we near the end of the calendar year, here are 5 potential stock winners for 2025.
The stock had soared 544 per cent or over 6-fold to a high of Rs 1,179 in July 2024 after a breakout above the super trend line on the monthly scale in January 2021, shows chart.
Here are 5 F&O stocks that are trading with a PCR in excess of 1; Options data and technical charts suggest up to 14% upside for these stocks in the December series; key levels here.
Technical charts show that these four stocks have given a breakout on the daily scale on closing above the super trend line indicator.
In the past two occasions, Britannia share price more-than-doubled after the stock tested its super trend line support on the monthly scale. Will history repeat itself? Chart check here
Dishman Carbogen, PDS, Lux Industries, Intellect Design and J Kumar Infraprojects can rally up to 27% from here on suggested technical charts. Track key support and resistance levels here.