Page 4 - Chart Reading
Chola Fin, IDFC: 5 NBFC stocks to invest for short-to-medium term gain
Major Non-Banking Financial Company (NBFC) shares could offer significant gains from a short-to-medium term perspective, as their present formations on technical charts illustrate a long-term upside.
 "Chola Fin, IDFC: 5 NBFC stocks to invest for short-to-medium term gain")
Sensex, Nifty likely to hit all-time high; Nifty Bank may lead the rally
Nifty Bank, in particular, has emerged as the front runner of the reversal rally. The banking index has gained 6.60 per cent and overcame vital hurdles in the recent sessions.
 "Sensex, Nifty likely to hit all-time high; Nifty Bank may lead the rally")
Infosys can slip below Rs 1,000 levels; TCS can hit Rs 2,900, charts show
Nifty IT index may fall up to 3 per cent post hitting a new 52-week low, trend turns bearish.
 "Infosys can slip below Rs 1,000 levels; TCS can hit Rs 2,900, charts show")
Renuka, EID Parry: Sugar stocks to sweeten as global prices hit 11 yr-high
Domestic sugar stocks may rally up to 25 per cent after crossing key hurdles
 "Renuka, EID Parry: Sugar stocks to sweeten as global prices hit 11 yr-high")
These realty stocks can rally up to 12% once index conquers 200-DMA
If Nifty realty index succeeds to break through its 200-DMA, technically the bullish push may trigger further upside in realty stocks.
 "These realty stocks can rally up to 12% once index conquers 200-DMA")
5 mid-cap stocks hit crucial peaks, enter next bull run; Do you own any?
These 5 mid-cap stocks may rise up to 20 per cent, as technical charts reveal positive breakouts
 "5 mid-cap stocks hit crucial peaks, enter next bull run; Do you own any?")
SBI, DLF: Trading strategies for rate sensitive stocks post RBI policy
An unchanged repo rate may propel rate sensitive stocks to rise up to 15 per cent
 "SBI, DLF: Trading strategies for rate sensitive stocks post RBI policy")
RIL, ONCG, OIL: Windfall tax cut may propel bullish rally of up to 15%
When a stock reaches a new definitive peak, the trend is observed to rally in the same direction in the following sessions. This could become the case for Oil & Natural Gas Corporation and Oil India.
 "RIL, ONCG, OIL: Windfall tax cut may propel bullish rally of up to 15%")
Overall breadth needs to improve for a reversal in Indian market
Over half of the Nifty 500 stocks are trading below 200-DMA, this points to a weak strength. Market breadth needs to improve if further highs are to be set
 "Overall breadth needs to improve for a reversal in Indian market")
Sensex may reclaim 62,000, Nifty 18,000 if these levels are conquered
Positive divergence may push Sensex and NIfty in a bullish trend for coming sessions, show technical charts.
 "Sensex may reclaim 62,000, Nifty 18,000 if these levels are conquered")
Manappuram, MGL: Select small-cap stocks are poised for bigger upside
Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts
 "Manappuram, MGL: Select small-cap stocks are poised for bigger upside")
HDFC AMC, UTI AMC: AMC stocks may fall up to 15% on debt fund tax blow
Selective AMC stocks like Nippon Life India Asset Management and Aditya Birla Sun Life Amc could slip up to 15 per cent, show technical charts
 "HDFC AMC, UTI AMC: AMC stocks may fall up to 15% on debt fund tax blow")
Bajaj twins hit new lows every month since November 2022; weakness persists
Every reversal in Bajaj twins is expected to face sell-off, until key levels are not conquered, with aggressive volumes.
BPCL, HPCL, IOC: Brent crude fall may trigger short-term rally in OMCs
BPCL, HPCL and IOC may rise up to 11 per cent in coming sessions, and if they manage to sustain their upward rally, medium-term bias may strongly shift in bull's favour.
Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall
Selective FMCG stocks may rise up to 11 per cent, even if broader market loses more ground
 "Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall")
RIL, Mphasis: 45 stocks hit fresh 52-week lows; charts show more pain ahead
The heavy-weight Reliance Industries has broken critical support of Rs 2,300, raising concerns about the future drawdown. In addition, the formation reveals a "Descending Triangle" violation
 "RIL, Mphasis: 45 stocks hit fresh 52-week lows; charts show more pain ahead")
IDFC, MGL, Radico: 5 smallcaps to bet on amid current market volatility
Shares of IDFC, MGL, Radico Khaitan, KEI Industries and Carborundum Universal may rise up to 26 per cent, indicate technical charts
 "IDFC, MGL, Radico: 5 smallcaps to bet on amid current market volatility")
Triveni, Renuka: Sugar stocks rebound, may further see up to 17% rise
Balrampur Chini Mills, Dwarikesh Sugar Industries, Ugar Sugar Works, Rana Sugars, Dhampur Sugar Mills and Shree Renuka Sugar overcome their significant peaks, with volumes exceeding daily 3-month high
 "Triveni, Renuka: Sugar stocks rebound, may further see up to 17% rise")
Bulls ride PSE index to historic peak, half of index stocks on breakouts
Altogether 10 out of 20 stocks in Nifty PSE index are flashing breakout structures that reflect medium-term bullishness.
 "Bulls ride PSE index to historic peak, half of index stocks on breakouts")
5 Nifty 500 stocks to accumulate if market breadth continues to improve
Shares of Power Grid Corporation of India, GAIL (India) , Linde India, Symphony and Tech Mahindra may rise up to 14%, as per their respective technical charts
