Page 53 - Market Technicals

Buy Redington, Triveni Engineering for up to 15% upside: HDFC Securities

On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty needs to break from the 22,204-22,529 range for fresh direction.

Nifty Bank, Nifty Pvt Bank: Guide to trade in these banking indices

According to Ravi Nathani, an independent technical analyst, the Nifty Bank seems to be trapped in 47,625-47,375 trading range.

BDL, Bharat Forge: How to trade defence related stocks? Get tech view here

Technical charts suggest defence related stocks can rally up to 21 per cent from present levels; watch out for these key levels.

Nifty PSU Bank, Fin Services trading in narrow band; check key levels here

According to Ravi Nathani, an independent technical analyst, the Nifty Financial Services index is trapped in 21,280-21,125 band.

Sensex can hit 77,000, Nifty 23,500 as bull-run to continue in FY25

The broader indices, the Nifty MidCap and SmallCap need to sustain above 48,000 and 7,100 levels, in order to reverse the recent negative sentiment at the counters, suggests technical charts.

Bajaj Auto, TaMo: Strategies for Nifty50 stocks that doubled in FY24

4 out of the Nifty50 stocks zoomed over 100 per cent in FY24; as per technical charts, here's are the key levels that should be closely monitored.

Nifty IT, Nifty Auto signal downtrend on charts: Here's how to trade

The Nifty Auto Index, currently trading at 21146.20, is showing signs of short-term underperformance, as indicated by its overbought condition and negative divergence on technical indicators

IIFL, Geojit: Brokerage stocks tank up to 40% in 2 mths; Time for pullback?

A retracement of up to 50 per cent of the recent fall, can lead up to 18% rally in shares of IIFL Securities, Geojit and Emkay, show technical charts.

Panic selling may ensue if Nifty Bank falls below 46,536: How to trade?

If Nifty Bank breaches 46,536, the immediate next support levels are expected to be around 46,225 and 45,675

Breakout stocks: SRF, Shoppers Stop can rally up to 10%, hint tech charts

Alok Industries and Chambal Fertilisers among others have recently bounced back above their 30-EMAs; charts suggest a possibility of an up move in the near-term.

Nifty50, Nifty Financial, PSB indices: Check key levels for trading action

If Nifty closes above 22,225, the next resistance levels on the charts would likely be around 22,350 and 22,575

Stock market outlook: What's working in favour of the bulls and bears?

Here are three key factors that are working in favour of the bulls and bears and could dictate the market trend going ahead as per the technical charts.

Trend bearish in Nifty FMCG; Metal close to resistance level: How to trade?

The Nifty Metal index is now positioned very close to its resistance levels, which are located at 8,110 and 8,250

Hindalco, JSW, Tata Steel: Tech charts hint at mixed outlook for metal stks

The NSE Metal index has rallied 3% so far this week, while the Nifty has edged 0.2% higher. Technical charts suggest select frontline metal shares can rally another 14% from present levels.

Nifty Auto, Nifty Energy: See resistance, support levels for trading action

Nifty Auto: There is a preference for finding opportunities to go short below 20,300, considering the bearish trend observed in the near term on the charts

KRBL, Prestige Estates: Stocks exiting oversold zone; Ready for pullback?

Stocks like BSE, KRBL, Prestige Estates, Sharda Cropchem and Sumitomo Chemical are seen exiting oversold zone and can potentially rally up to 16 per cent in the ensuing pullback, suggest daily charts.

RIL, BPCL: Nifty below 50-DMA; Key levels to watch on stocks below this DMA

33 out of Nifty 50 stocks trade below their respective 50-DMAs; Charts suggest that select stocks can decline up to 13% in case the fall extends towards the 100-DMAs.

Nifty50: Break below 21,745 to accelerate fall; Trend bullish in Tata Steel

After a healthy correction of 13 per cent, Tata Steel stock has found support on its 50 days SMA and has bounced back

Nifty IT weak on charts, Nifty Private Bank rangebound: Check key levels

If the index falls below the lower boundary of 23025, the next support levels on charts are expected at 22650 and 22250

Technical setup: Here's how Nifty Financial, Nifty PSU Bank may trade ahead

Nifty Financial Services index is currently in a downtrend and traders are advised to sell on rallies, says Ravi Nathani