On the weekly chart, Mahindra Logistics stock prices have confirmed a bullish reversal pattern breakout known as the Cup and Handle
Notably, SBI Life has recently broken out of this consolidation range and is now sustaining levels above it, indicating a potential upward trend
The NIFTY 50 Index is currently trading at 24,010.60. A sharp rally in the near term has pushed the index into an overbought zone
Following a peak near the 933 level, the SBICARD underwent a significant downturn, experiencing a sharp decline of nearly 280 points, which translated to a substantial decrease
Dabur has been consolidating since the last two weeks after a sharp run up. It has now reached the 20 day moving average (590) and witnessed buying interest
The Nifty Auto Index is currently trading at 25,267.85. The near-term trend for this index appears to be downward on the charts, with strong support expected around the 24,500 level
After a period of consolidation within the approximate range of Rs 1,740-1680, Radico Khaitanhas successfully broken out and is sustaining above this range, indicating a strong upward movement
The Nifty Index is currently trading at 23,465.60. On near-term charts, the index is positioned in the oversold zone, suggesting that selling pressure will likely emerge on any rise
Stock price has broken out on the daily chart where stock price closes at two year high
The WTI holding on to support of $78 in Asian hours, retreating from three weeks high of $79.12. hit on Wednesday
Oil prices are moving higher after posting three straight weekly declines following Opec+ decision on June 2
On the daily chart, Apollo Hospitals has formed a double bottom pattern at the 200-day Exponential Moving Average (DEMA), which is considered a strong support level
Jubilant FoodWorks stock is likely to test the previous swing high of Rs 543, and can extend towards Rs 549 from a short-term perspective. A stop loss of Rs 507 should be kept for the long positions
The NIFTY 50 Index is currently trading at 23,290.15. Although the overall trend remains bullish, recent volatility has disrupted the near-term pattern, evidenced by large candlestick formations
On the daily chart, MCX Copper has been unable to sustain the breakout of its rising channel pattern and has moved down, forming a lower high, lower low pattern, indicating bearish sentiment
Defensives are seeing strong activity, with pharma also performing well. Cipla, in particular, has achieved a fresh breakout from its consolidation range, reaching a new high
After peaking near the Rs 153 mark on May 22, 2024, SJVN experienced a significant downturn, with a decline of approximately 22 points, equating to roughly 14-15 per cent
COMEX silver inventory fell from 299.04 Moz to 298.46 MOz and remains at the highest level since January 2023
Derivatives strategy on SB: Long build up is seen in SBI Futures with 11 per cent rise in open interest
The MCX Gold August contract was down by 0.11 per cent at its LTP of Rs 72,193. Risk appetite remains weak as wider markets swoon