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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.
Drumil Vithlani, Technical Analyst at Bonanza, decodes trading strategy in IDFC First Bank, AU SFB following the recent adverse stock reaction on the NSE.
Vodafone Idea stock is currently witnessing a distribution phase rather than an uptrend, says Hitesh Tailor of Choice Broking. Here are the key levels to watch out for as per the technical analyst.
Here's why technical analysts at Kotak Securities and Bonanza are bullish on Trent, Tata Steel, Titan and Voltas. Tata Sons board meet on Tuesday, February 24.
Kunal Shah of Mirae Asset ShareKhan expects breakout on the Nifty Pharma index above 23,500 levels; the analyst recommends Lupin, Biocon and Torrent Pharma as top sectoral stock bets.
Hitesh Tailor, technical analyst at Choice Broking predicts up to 11 per cent upside for Sundaram Finance, HSCL and VTL following the 'Golden Crossover' and bullish set-up on the charts.
Anand James of Geojit Investments reckons that the momentum oscillators for Infosys are yet to show signs of full reversal, and flags key support for the stock around ₹1,340 levels.
Om Mehra, tech analyst at SAMCO Securities highlights that Torrent Pharmaceuticals after a recent consolidation phase, has witnessed a strong breakout above ₹4,200 levels.
Om Mehra, tech analyst at SAMCO Securities explains that Britannia is trading in a well-defined rectangular range, or more precisely, a Darvas Box repeatedly finding support near the lower boundary.
Aakash Shah of Choice Broking reckons that Apollo Pipes has closed above short- and medium-term EMAs, and broken above the falling trendline; thus confirming a breakout on the charts.
Analysts at Choice Broking expects Dr Reddy's Laboratories stock to gain up to 15.5%, and test ₹1,465 levels on the upside in the medium-term given the favourable structure on the weekly chart.
Delivery platform stocks Eternal and Swiggy are showing a positive trend after 4 months. Kunal Shah, technical analyst at Mirae Asset Sharekhan helps decode trading strategies in these 2 stocks.
Despite the sharp volatility, the Nifty is seen holding above the 20-DMA and 200-DMA on the technical charts; analysts see 25,500 as the key support for now.
SBI, Federal Bank, Shriram Finance and Ujjivan SFB are showing strong bullish uptrend, with all 4 stocks trading above the key moving averages across time-frames, suggest technical charts.
Analysts at Geojit Investments and Choice Broking are bullish on Tech Mahindra stock, and view the current fall as a correction rather than trend reversal.
GIC RE stock has witnessed a falling trendline breakout after a phase of strong consolidation on the daily chart, says Om Mehra, technical research analyst at SAMCO Securities.
Gail, Balaji Amines, Schneider Electric: Om Mehra of SAMCO Securities has turned bullish on these 3 stocks across market capitalisation as they are showing signs of base-building on technical charts.
UR Bhat, co-founder & director, Alphaniti Fintech says the trade deals have cleared the air as regards the EU and the US stance, and expects the market to react to finer details of the India-US deal.
G Chokkalingam of Equinomics Research believes that a pullback in ITC was overdue, as the sell-off was way beyond his expectations. The analyst sees fair value for ITC in the range of ₹375 - ₹380 leve
Commodity rout: Precious metals - Gold, Silver, Platinum have cracked up to 47.5%; base metals - aluminium, copper, zinc, lead and nickel - plunged up to 18% in global markets from January 29 highs.
MCX Gold, MCX Silver prices crashed up to 14 per cent in Thursday's trading session tracking overnight losses in the precious metals.