The volume in Colgate Palmolive stock was higher than average on January 11 which supports the price action and we can expect the upside momentum to continue
Technical charts indicate a trend reversal in Can Fin Homes and Schneider Electric stocks with potential to rise further in the coming days
Nifty Bank has outperformed the benchmarks so far this month. The overall broader structure is hinting at a fresh new high in the January series and as long as it sustains above 31,550 levels
The stock price has already broken out on the daily chart on 6th January. Moreover, insurance as a sector is showing strength on the chart
We can witness profit booking only if Nifty breaks level of 14,000. Therefore, traders should try to create long position keeping close eye on 14,000
Among the private banking majors, Axis Bank has witnessed a fresh breakout on January 5, after spending nearly one and a half months in the consolidation range
Support for the Nifty index has shifted to 13,950 levels
The momentum indicators and oscillators in GAIL (India) stock are in the buy mode on the weekly scales
The real action lies in the broader markets which may continue to provide better trading opportunities
The stock of Bharat Forge is currently indicating a momentum pick up to improve the bias with a trend reversal
The stock of Hindustan Petroleum Corporation (HPCL) has formed a strong base at around 205 levels and is making a higher top and higher bottom formation on the daily chart
The stock of Maruti Suzuki India might show further strength if it moves above 7,620
Eicher Motors' stock has been witnessing profit taking for the last one month, and is likely to see a gradual recovery from hereon
L&T stock has witnessed a build-up of long positions with the addition of 6 per cent open interest
HDFC Life stock has provided a breakout from a falling channel on the daily chart and the conservative target for the same is coming around Rs 680 levels
The recent recovery seems more like a dead cat bounce which could last for some more time but it would be advisable to remain cautious at higher levels. Nifty has got strong resistance at 13,600
The momentum indicators and oscillators have turned negative for M&M Financial Services' shares, where MACD has provided fresh sell crossover on the daily chart
13,650 is the immediate support which, if breached, could result in some profit booking and drag the index towards 13,500-13,470
Escorts share price has witnessed a decent correction and has flattened out near 1290 levels to improve the bias
The stock of TCS is sustaining above its important moving averages, and a breakout above the immediate resistance of 2,820 levels might lead stock trade higher