Major stocks have broken out on upside, any trigger in Budget 2022 could see sharp up move
Shares of the major private insurers, HDFC Life and ICICI Prudential are seen testing key support levels currently.
Budget 2022 can spark much awaited upside in the EV related stocks
There are other stocks which may show breakout structure, but still possesses the risk of high volatility and momentum, that may shift in any situation.
Tata Consumer seems to have bottomed out near Rs 700 level, and has gradually picked up momentum to improve the bias, says the technical analyst from Prabhudas Lilladher
Jewellery stocks are likely to shine in coming months on the back of likely strong Q3 performance owing to the festive demand
Stocks like HOEC, HPCL, ONGC and Pidilite can rally up to 10 per cent in the near term.
The Nifty PSU Bank index needs to cross 2,850 to indicate further strength
Vodafone Idea continues to attract risky traders as medium-term outlook remains robust
Stocks hitting a 52-week high or new all-time high early in the year tend to have more legs for an upside for the rest of the year.
The Nifty Realty index can rally towards 525-level.
Concor has indicated a double bottomed pattern on the daily chart and seems well placed to rise further, says the technical analyst from Prabhudas Lilladher
Major sugar stocks are ready to claim new bullish territory
Ambuja Cements and India Cements charts indicate breakout of 'Inverse Head and Shoulder' pattern, thus a bullish trend ahead.
Market participants say there will be volatility in the equity markets, and one should continue to invest in a disciplined manner
Stocks like Asian Paints, Astral, Balrampur Chini, Birlasoft, Carborundum Universal, eClerx, Infosys, Max Healthcare, Tube Investments and Torrent Pharma and others are trading at life-time highs
The major IT stocks like Infosys, LTI, Coforge continue to absorb selling pressure at the counters
Laurus Labs Ltd, Endurance Technologies Ltd may surge over 30 per cent whereas small cap stocks like Avanti Feeds Ltd, BASF India and Rain Industries could jump up to 40 per cent from current levels
Vodafone Idea can jump up to 40% from current levels, while Bharti Airtel may see a 6 per cent rise.
These stocks have corrected between 10-20 per cent over the last one month relative to benchmarks' 3 per cent fall. Here's a possible way forward for these stocks