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Rex Harrison Cano, part of Business Standard's online markets team, has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and an expert technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Rex Harrison Cano, part of Business Standard's online markets team, has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and an expert technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Trading strategy in Vedanta as the company battles demerger process, and aims to reward shareholders with regular dividends. Charts hint at up to 24 per cent upside potential for the share price.
Technical charts suggest that share price of ITC Hotels, Indian Hotels, Taj GVK, Lemon Tree and Chalet Hotels could see up to 20 per cent upside from here.
FIIs long-short ratio in index futures has barely moved from 0.09 to 0.11, implying presence of heavy short bets in the August F&O series.
Technical charts show that alcohol and tobacco-related stocks such as ITC, VST Industries and United Spirits seem to be unfavourably placed, and could fall up to 18 per cent from here.
Technical charts suggest that the Nifty needs to overcome the hurdle at 25,120 levels for the short-term bias to turn favourable; detailed analysis below
Stocks such as Maruti Suzuki, TVS Motor, Blue Star, Johnson Controls and JK Cement can rally up to 26% as the government plans 2-tier GST reforms ahead of Diwali 2025.
Nykaa vs. Mamaearth: Honasa Consumer stock looks favourably placed on the chart; while Nykaa can potentially fall up to 14% from here, suggests chart.
Gold loan companies stocks in focus: Muthoot Finance, Manappuram Finance can rally up to 19%; while IIFL Finance faces a 9% downside risk; suggests technical charts.
Technical charts show that Dixon Technologies, Kirloskar Oil Engines, Metropolis Healthcare and RHI Magnesita have witnessed a 'Golden Crossover', hence are likely to see upside in the near-term.
Paytm stock has rallied 66 per cent in the last six months, and is now seen trading near the major hurdle, hence technically some consolidation at current levels cannot be ruled out.
Shares of PSU banks have rallied up to 24% thus far in FY26; here's what technical charts suggest for Bank of India, Indian Bank, Bank of Baroda, PSB and Central Bank of India.
Technical charts show that SBI and Godrej Consumer shares could possibly rally up to 19% from here; while HPCL, BSE and LIC face up to 11% downside risk.
Tata Motors Net Profit Drop: Technical chart shows that Tata Motors is seen testing the 200-WMA support, a key moving average the stock has broadly held since January 2021.
Infosys, Adani Enterprises, Cochin Shipyard, IFCI and UCO Bank are technically trading in the oversold zone, as per the RSI indicator; charts hint up to 23% downside risk for these 5 stocks.
MSCI Global Standard Index Inclusion: Swiggy, Vishal Mega Mart, Hitachi Energy and Waaree Energies look favourably placed on charts; may see up to 29 per cent upside form here.
The Nifty Oil & Gas index is seen testing the 200-DMA support on charts; break below the same could weigh on the sentiment at Reliance, ONGC and Oil marketing companies counters.
FIIs are holding 10 short positions in index futures for every long trade; historically Nifty has witnessed a short-covering rally after the ratio dropped to such lows, shows F&O data.
These three rate-sensitive stocks across auto, bank and realty sectors can potentially rally up to 20% in the near-term, suggest technical charts.
Stocks under ₹50: Motherson Sumi, Den Networks, Oswal Greentech, Mirc Electronics and Ambica Agarbathies can potentially zoom up to 46% from here, hint technical charts.
Paytm stock was in focus on Tuesday amid reports of Chinese investor Ant group likely to exit its entire stake via block deal. Tech charts show Paytm looks favourably placed for now.