Considering the historical trend, 'August' month is known for bigger moves. So it would certainly be interesting to see which direction market decided to move in
The stock of TCS has corrected and has bottomed out near 3,170 level, taking base near the trendline support zone
The secular uptrend in KIE Industries' stock has proved all minor corrections to be good accumulation points for the bulls
The stock price of Colgate has broken out on the daily chart where it closes at all time high levels
The stock of Federal Bank has broken out from a downward sloping trend-line on the daily chart.
FDC is in secular uptrend and is in the cycle of higher highs higher lows suggesting inherent strength in the counter
During the first half of this week, 15,750 - 15,800 are the levels to watch out for and the first of sign of strength would come only after reclaiming 15,800 on a closing basis
IGL has witnessed a breakout from the consolidation range of Rs 500-545 levels after spending nearly four months there
Tata Coffee witnessed a consolidation breakout on the back of an increase in average trading volumes in the last trading session, suggesting a positive outlook
Kotak Bank stock has been moving within a tight range for quite some time and is currently taking support near the significant 200DMA level of Rs 1,737
Britannia has been trading in a broader consolidation range of Rs 3,350-3,840 for the last one year and is currently hovering in the middle
Coal India has corrected over 10 per cent in the last trading week and is trading close to the previous consolidation zone
We advise traders to lighten up positions at higher levels and it's better to take one step at a time for the time being
MGL is on a secular bull run since the formation of its run-away gap and is now comfortably placed above all the major exponential moving averages on the daily time frame
Jubilant FoodWork's stock price is forming bullish higher top, higher bottom formation on the weekly and monthly charts
MCX witnessed a splurge in the last trading session on the back of robust volumes and breached its consolidation zone
Godrej Properties has witnessed an Inverted Head & Shoulder pattern breakout on daily chart post taking support near its long-term EMA, indicating bullish sentiment in the counter
The stock price of Bajaj Finance has broken out on the daily chart by surpassing the resistance level of 5800 with higher volumes
The Nifty has recently made higher bottoms at 14,416, 14,591, and 14,884 and continues to trade above the 20 and 50-day SMA, which gives further evidence of an uptrend
IGL has been consolidating in a range for the last three months while holding firmly above the support zone of the long-term moving averages