The stock price has broken out on the daily chart where it closed above 200-day EMA with higher volumes
In the past couple of sessions, the stock of LIC Housing Finance has consolidated near the previous high, indicating strong hands accumulating the counter at higher levels
The trend of midcap and smallcap stocks has been strong and stock specific bullishness is likely to continue
Hindpetro has witnessed a strong rebound after forming a base above the support zone of moving averages ribbon on multiple time frames
The stock of Adani Power has improved the bias with decent volume participation
The stock price of IOC has broken out on the daily chart (Adjusted for dividend) where it closed at highest level since March 2020 with higher volumes
LIC Housing Finance has witnessed a fresh breakout of late, after spending nearly a month in a consolidation range
The stock of Nestle India has witnessed a gradual correction and has consolidated near the 200-DMA level of 16,950, maintaining a decent support.
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
HDFC Life has been strongly maintaining an uptrend for the last one year and is currently trading closer to its record high
Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing
The RSI indicator has indicated a trend reversal near the oversold zone to signal a buy in Hindustan Unilever (HUL) stock
Technical indicators RSI and MACD hint of fresh upside momentum in the IRCTC stock
While there is a possibility of consolidation in the Nifty50 index after a sharp rally, stock specific moves could continue on the upside
The momentum indicator RSI and MACD are very well in the buy mode in HDFC AMC stock
The momentum indicators and oscillators have reached the oversold territory in IRCTC stock, and are showing signs of reversal
The stock of HUL indicates a positive trend reversal on technical charts
Nifty50 can witness profit booking only if it breaks level of 14,500
We're seeing consistent buying interest in the pharma pack and Lupin is also catching up with the other pharma majors
The Nifty50 has recovered more than 62 per cent of the entire fall which was registered from 14,653 to 14,222