Page 70 - Market Technicals

Zomato, Paytm: New-age stocks hit multi-month highs; is there more upside?

New-age companies may rise up to 29 per cent in the forthcoming seasons as market sentiment improves amid record-breaking run in benchmark indies

Nifty Pharma, Realty near key resistance levels; Time to be cautious

According to Ravi Nathani, an independent technical analyst, the Nifty Pharma index needs to clear hurdle at 14,150; whereas, the Realty index may show signs of correction by the month-end.

Suzlon, Mazagon Dock: 75% of Nifty SmallCap stocks trade firm above 200-DMA

Overall trend - the Nifty Small cap index continues to remain highly robust, with an intend to reach a new historic high.

Nifty Metal looks weak; sell with stop loss at 6,564, suggests chart

Meanwhile, the Nifty FMCG index is expected to consolidate in the range of 53,971 and 52,484, says Ravi Nathani, an independent technical analyst.

Bull-run resumes: Nifty to hit 21,000; Sensex may test 73K in August

The range breakout in both the indices have triggered fresh upside

Infy, TechM: Nifty IT index scales 4-month high, sets eye on 52-week peak

Selective IT stocks may rise up to 22% in the upcoming sessions, as per their technical charts

Suzlon, BSE: 5 Nifty 500 stocks gained over 15% in July, expect more upside

Technically, when any stocks crosses crucial hurdles and witnesses accumulation at key supports, the trend is expected to witness robust upside ahead.

TCS may hit Rs 4,000-mark on Q1 boost; HCL Tech could dip to Rs 1,000 level

Once the range of Rs 3,380 to Rs 3,350 is conquered, TCS shares are set to hit a new historic peak. HCL Tech, meanwhile, may slip under Rs 1,000 if it fails to hold the 200-DMA

Nifty Auto in overbought zone; Bullish trend for Pharma index may weaken

The RSI for Nifty Pharma shows a pattern of lower highs and lower lows on the near-term charts; Nifty Auto is in the overbought zone and could see a potential correction

Bears grip Delta Corp on highest ever volume, Nazara must hold 200-DMA

Delta Corp needs to cross the 200-DMA to regain the momentum, while Nazara Technologies must hold the 200-DMA as a support.

HAL, Mazagon Dock: Defence stocks may see up to 10% upside on robust charts

Defence related stocks continue to trade in overbought territory, as momentum sees elevated sentiment.

PFC, Sanghvi Movers, Bajaj twins: Trading strategies for buzzing stocks

These 5 buzzing stocks may rise up to 15% in the coming sessions

Arvind, Raymond: Textile stocks with land bank may rise up to 16%

Selective textile stocks are developing robust chart structures

RIL eyes new all-time high, Golden Cross breakout aims at Rs 3,000

The counter may struggle to cross Rs 2,800-mark, which appears to be the next hurdle, but the current momentum is not suggesting any weakness.

Nifty 50: Aggressive traders may short-sell index with stop loss at 19,525

It is crucial to set a strict stop loss at 19,525 to manage risk since resistance levels are projected at 19,380 and 19,490

Jamna Auto, Tata Power flash bullish breakout signals on charts

Tata Power is witnessing some aggressive buying traction. The stock is poised to re-test its peak in the coming months

Bias for Nifty Energy index bullish in near-term; buy near support levels

Ravi Nathani, independent market analyst shares his trading strategies for Nifty Energy, and Nifty Commodities indices

Only 93 Nifty 500 stocks trade in overbought territory, more upside likely

Market participants closely monitor the RSI to determine the strength based on 70 and 30 values. This assists in identifying instruments that are supposedly experiencing increased buying or selling.

Trading strategies for 2-wheeler stocks post Hero Moto-Harley Davidson deal

Barring Eicher Motors, which is presently struggling near its 200-DMA; Bajaj-Auto, TVS Motor and Hero MotoCorp may rally up to 15%

PNB, Bank of Baroda: 5 stocks in PSU Bank index that can rally up to 17%

Bank of Baroda shares hit a new 52-week high and are course to achieve all-time high