Logistics stocks have been showing strength on the medium term charts, according to Vinay Rajani of HDFC Securities.
Vinay Rajani of HDFC Securities recommends that traders hold on to their long positions with 17,640 stoploss for the Nifty.
Year 2020 may see up to 20 per cent jump in these stocks, as the chart formations reveal higher interest of market players in these counters
The Indian benchmarks are set to climb higher in 2022. Though there can be intermittent corrections, the broad trend remains up. Here is how key indices are stacked up the on technical charts
Vinay Rajani of HDFC Securities is bullish on Metropolis, Zensar Tech.
Technical picks from Osho Krishan, senior manager - equity research, Anand Rathi Shares & Stock Brokers
Top buy and sell ideas for the day
The stock price of Bajaj Finance has broken out on the daily chart by surpassing the resistance level of 5800 with higher volumes
LTI has reversed its trend from the previous swing low and is currently placed well above all its major moving averages on the daily chart
The stock of HDFC AMC is moving above the 50-EMA level of 2,935 and is showing further strength
The recent price chart displays a 'Bullish Flag' breakout in Happiest Minds' stock
The favorable indication from the pharma index is added positive for Biocon's stock
Asian Paints seems to have completed its corrective move and are poised for a resumption of the uptrend
Motherson Sumi has witnessed a breakdown from a distribution pattern on the daily chart
Price-wise, BPCL's stock seems to have a sturdy structure on the weekly time frame and, looking at the lower degree chart, the recent price correction appears to have completed
On the indicator front, the MACD is comfortably placed above its signal-line and the 14 period RSI is soaring northwards, affirming that Ambuja Cements' stock may surge in the coming future
L&T Tech's stock price has broken out from the long-term consolidation, which it held for the last two months
Most IT stocks are holding strong despite the recent volatility in the market and now look upbeat for a rebound
At current juncture, Bandhan Bank's stock is hovering just above the clusters of moving averages on daily chart
Hindustan Unilever has shown signs of picking up momentum, thus improving the bias, and has the potential for an upside from hereon