A Death Cross, Descending triangle and a breach of significant levels reflect downside up to 16% for these banking shares
The underneath strength, preferably read as price action, has been able to hold ground around the major neckline supports for these stocks
Unless there is not a volume-based selling, these stocks could jump as high as 27% in no time.
The technical analyst from HDFC Securities expects CDSL and Polycab to perform well
The metal index is on the verge of breakout, if crosses 5,800 mark, another 6 per cent jump is very certain.
when the overall market translates form a negative sentiment to a positive outlook, the consolidating stocks are expected to robustly breakout on the upside
The technical & derivative analyst from HDFC Securities recommends buying SAIL and and Hindalco
Stocks bearing breakout on moving averages, price strength and technical indicators are ready to see steady upside of up to 9 per cent
According to the technical analyst from Anand Rathi, Britannia is hovering near its 200 DSMA support which also coincides with the ICHIMOKU cloud on the weekly scale, thus the downside seems marginal
The derivative analyst from HDFC Securities recommends buying December 400 Call and selling 430 Call based on the following four rationales.
According to the technical analyst from Anand Rathi, JINDALSAW has seen a strong resurgence in the last two sessions backed by robust volumes indicating soaring demand at lower levels
The current market sentiment is uncertain and may provide opportunities in major stocks. Here are five bank stocks that look good on the technical charts for a 10 per cent upside in one month
Shares of Raymond Ltd and IOB are showing extreme bullish outlook on the charts
The technical & derivative analyst from HDFC Securities expects weakness in Nifty to continue
According to the technical analyst from Anand Rathi, Bharti Airtel has been placed at its lifetime high zone and that too has been backed by robust volumes indicating inherent strength at the counter
Food and food-related players are expected to jump up to 15 per cent in coming days
Auto ancillary stocks may jump up to 15 per cent in upcoming sessions
The technical & derivative analyst from HDFC Securities recommends buying Chambal Fertilisers and Info Edge
However, the technical analyst from Religare Broking recommends to short sell Hindalco November futures
According to the technical analyst from Anand Rathi, Dabur has seen some strong resurgence from its 200-DEMA in the recent period