F&O strategy for Indian Oil stock: IOCL share price has broken out on the daily chart to close at highest level since February 2024 with a sharp rise in volumes
Primary trend of the stock has been bullish with higher tops and higher bottoms on the weekly chart
Oscillators like RSI and MFI are in rising mode and placed above 60 on the daily chart, Indicating strength in the stock, as per Nandish Shah
Oscillators like RSI and MFI are in rising mode and placed above 60 on the weekly chart, indicating strength in Lupin's share, said Nandish Shah
Long build up was seen in Exide Futures on Thursday where Open Interest rose by 9 per cent (Prov) and the stock gained 3.20 per cent
Long build up is seen in the VOLTAS Futures on Thursday where Open Interest rose by 7% (Prov)
Technology stocks are looking good on the short to medium-term charts, said Nandish Shah of HDFC Securities
The short-term trend of the Nifty index is weak as it is placed below its 5,11 and 20-day EMA
RSI Oscillators is sloping upwards and placed above 50 on the daily chart, indicating strength in the stock, says Nandish Shah
The stock price of Biocon has broken out on the daily chart with higher volumes where it closed at highest level since June 7, 2023
Meanwhile, the Bank Nifty may witness a sharp fall if the index fails to sustain above 43,500 level.
According to Nandish Shah of HDFC Securities, the stock has broken out on the daily chart with higher volumes to close at highest level since December 10.
The stock has broken out on the daily chart with higher volumes to close at highest level since December 14.
Pharma as a sector looking good on the short term chart, according to Nandish Shah of HDFC Securities.
Short term trend remain bullish as the stock price is trading above its 5 and 20 day EMA.
Capital goods as a sector looking good on the chart
Jubilant FoodWork's stock price is forming bullish higher top, higher bottom formation on the weekly and monthly charts
The stock price has broken down on the daily chart to close at lowest level in the June month with higher volumes.
The stock price has already given breakout on the daily chart by closing above the resistance level of Rs 737 on last Monday with higher volumes
Derivative call by Nandish Shah, Technical Analyst, HDFC securities