Once the stock breaks out, wait for the rally to sustain with decent volumes. Volatility in volume structure reflects uncertainty and indecision. It is better to hold nerves and let the price settle.
A follow-up buying may induce stronger momentum trapping short-sellers
Real estate stocks were in limelight on Thursday, after Union Minister of Commerce & Industry asked developers to cut prices and sell inventory rather than wait for the market to bounce back
Here is how you can trade in these news-driven counters and maximise your gain
As the nation-wide lockdown enters its fourth phase, albeit with some relaxations, air and rail travel continues to be suspended. Most of the related stocks in these two sectors have taken a hit
Better the hold on Fibonacci Retracement, Moving Averages and Trednline, the trading bets become more convincing
As the Nifty Bank index shows a negative reversal, the banking stocks are struggling to conquer their respective resistance levels.
HUL looks subdued, however, RIL and Tech Mahindra may see a promising rise towards their respective resistances.
Are stocks from this sector a good trading bet? Here are the key levels you should know regarding frontline stocks from this sector
Although Nifty Auto shows tremendous optimism, Nifty Bank may see profit-booking at crucial levels going ahead.
The Morning Star is considered as a positive indicator, whereas Evening Star denotes a negative turnaround.
Both Sensex and Nifty have seen selling pressure around the Fibonacci retracement levels earlier. The Sensex needs to cross 32,000 mark for the up move to sustain, charts suggest
This candlestick pattern provides the first sign of weakness and if the price fails to conquer the high of the "Hanging Man", then the weakness may turn into a major bearish trend.
How should you trade the financial sector stocks after the RBI's liquidity measures? Are the banking stocks likely to gain ground in the days ahead? Here is what the charts suggest.
Negative convergence may lead to severe selling pressure and the price may stay weak for a month to a year.
Shares of Housing Development Finance Corporation (HDFC) tumbled nearly 3 per cent to Rs 1,655 levels on the BSE on Monday morning before recovering some of the lost ground
Cipla may see profit-booking around Rs 360 to Rs 367 levels, as per the weekly chart.
While considering a larger outlook, one needs to look at signals wherein the change in trend holds over a month or a quarter.
Until there is a major shift in the mood of traders and investors, this segment may continue to show deterioration in value.
Despite the stimulus measures by the government and the Reserve Bank of India (RBI), financial sector stocks, including those of non-bank finance companies (NBFCs) have taken a hard knock