Bajaj Electricals and Whirlpool can see significant upside on follow-up buying, technical charts suggest. However, the overall market also needs to be positive for these stocks to gain further ground
The sideways formation of Triple Bottom is seen as the most reliable and profitable pattern
VST Industries Limited, Suzlon Energy Limited, Sudarshan Chemical Industries Limited, Caplin Point Laboratories Limited, are reflecting upside on moving averages
A perfect Death Cross is usually followed by a long-term downtrend that might last even for a year
The basic idea is to find a structure that reflects a change in sentiment with market testing the higher highs and lower lows.
Here are trading strategies for a few such counters that look bullish on the charts and can appreciate at least 20 per cent from here on in the next two months
The MFI study on the daily and weekly chart assists in identifying short-term trade for quick gains
If the stock of Adani Enterprises fails to hold the support of Rs 1,300 levels, it may slip to Rs 1,000-mark, translating into a downside of 23 per cent from the current levels, charts suggest
The reversal levels are considered as the stop loss for the trading position
Volume needs to show significant improvement to impact the market sentiment
In technical analysis, divergence is given greater preference as the 'divergence behaviour' may reflect a change in a price trend or sentiment
A sharp rally in fertilizer stocks on Thursday on hike in subsidy has opened doors for more upside in the coming days
Under this analysis, an investor studies major swings or reversal points of a stock, or index, over a period of time
With a "Higher High, Higher low" formation, the stock of Pricol has gradually risen to higher levels recently.
The key significance of the DPO is to identify the price cycle. The idea is to capitalize on the short-term trend, based on the past performances.
The RSI has indicated a trend reversal for Hero MotoCorp, showing strength, and has signaled a 'buy' to suggest further upward movement in the coming days
Adani Gas, HEG, and Hindustan Copper are expected to rally up to 20 per cent upon surpassing their resistance levels
One can expect up to 7 per cent gain in NBFC stocks if the positive momentum is held decisively
Upon crossing the immediate resistance, Axis Bank's stock may see a rally towards Rs 750 and Rs 765-mark
All the three insurance stocks are successfully holding the support of 200-DMA and may see upside of over 5 per cent in the near-term