Bajaj Finance stock earlier formed a "double top" formation and, since then, has been witnessing a continuous fall
Immediate resistance for the Nifty is seen at 14,890
The volume in Colgate Palmolive stock was higher than average on January 11 which supports the price action and we can expect the upside momentum to continue
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 price has already broken out on the daily chart on 6th January. Moreover, insurance as a sector is showing strength on the chart
We can witness profit booking only if Nifty breaks level of 14,000. Therefore, traders should try to create long position keeping close eye on 14,000
Among the private banking majors, Axis Bank has witnessed a fresh breakout on January 5, after spending nearly one and a half months in the consolidation range
Support for the Nifty index has shifted to 13,950 levels
The momentum indicators and oscillators in GAIL (India) stock are in the buy mode on the weekly scales
The real action lies in the broader markets which may continue to provide better trading opportunities
The stock of Bharat Forge is currently indicating a momentum pick up to improve the bias with a trend reversal
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
The stock of Maruti Suzuki India might show further strength if it moves above 7,620
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
The RSI has recently indicated a trend reversal and is on the rise to show strength in BPCL
As far as support is concerned, 13,145 is a crucial level to watch out for
Stock price has broken out on the daily chart with higher volumes where it closed at nine-month high
The chart pattern and positioning of oscillators are pointing towards a sharp up move in Aurobindo Pharma in the near future