Off late, the private banks have underperformed but they are showing signs of base formation
While rising Covid cases pose some near-term risks to revival in financials, analysts remain unfazed as they see IRCTC as a long-term bet
Formerly, known as Tata Global Beverages, Tata Consumer is currently undergoing a transformation to become a multi-category FMCG company from a food and beverage (F&B) company
Support for the Nifty is seen at 14,500 and with that as a stop loss, traders should remain bullish
HCL Tech has surpassed the hurdle of the previous swing high of late and is gradually inching towards its record high
L&T Tech's stock price has broken out from the long-term consolidation, which it held for the last two months
Even after a 164 per cent rally since its 52-week lows hit in March 2020, the Salil Parekh-led firm remains Credit Suisse top pick in the IT space
Nifty, Bank Nifty and Financial Nifty indices have been forming candle with the small body for the last three consecutive sessions, which indicates that bullish momentum is getting lost
According to Phillip Capital increased allocation for capital expenditure will bode well for large banks, namely ICICI Bank, Axis Bank, HDFC Bank and State Bank of India
Technical charts indicate a trend reversal in Can Fin Homes and Schneider Electric stocks with potential to rise further in the coming days
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
HDFC Bank stock has maintained a good support base near Rs 1,340 levels and picked up momentum
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
The stock of HDFC Bank is showing signs of reversal which hints of further positive momentum in the counter
The stock of Colgate Palmolive has surpassed the upper band of the Bollinger band which hints of a fresh up move in the counter
Traders should try to create a long position keeping a close eye on 13,400
Hero Moto stock is witnessing a resistance breakout from its immediate resistance level placed at Rs 3,205.
Death Cross, Gap-down closing and RSI Divergence are significant indicators of trend reversal
The OFSS counter is heading towards Rs 3,600-mark as per the weekly chart.
These stocks may see strong rebound if the crucial levels are defended