Here are 10 penny stocks, trading in the range of Rs 6 - Rs 20, with a potential upside of up to 75%, based on the existing technical chart patterns.
The overall bias for RVNL stock is likely to remain positive as long as the stock holds above Rs 490 levels; however, current momentum hints at likely 9 per cent downside risk at the counter.
Shares of Bank of Baroda, Union Bank of India and Indian Bank can potentially rally up to 15% if these support levels are held; check key support and resistance levels for 5 PSU bank stocks here.
Zee Entertainment, PB Fintech, Delhivery among select companies to report a turnaround in the June 2024 quarter. Here's a technical outlook on select such stocks.
LIC Housing, Marico, JK Cement and Motherso Sumi have shed up to 15% in the last four days alongside up to 15% increase in open interest, thus suggesting short buildup at these counters.
KPR Mill, eClerx, Granules, Cera Sanitaryware and BLS International are the 5 mid- and smallcap stocks that look strong on technical charts and can potentially gain up to 43% from present levels.
Analysts believe, Indian textiles companies are likely to benefit from the Bangladesh turmoil, while that of FMCG and auto may take a hit. Here's a technical outlook on key stocks from these sectors.
Asian Tiles has recently confirmed a significant breakout from a long-standing falling trend line, surpassing the Rs 86 mark
Technical charts suggest that bias for insurance shares, barring Star Health, remain upbeat; hence, these stocks could see up to 12 per cent further upside from current levels.
The market regulator Sebi has proposed measures to curb excessive speculation in F&O; a move that could impact trading volumes, believe analysts; Here are key levels to watch on broking related stocks
Q1 earnings impact: In the last two weeks, the NASDAQ has plunged 7 per cent, while the IT index has rallied 7 per cent. Trading strategies for Infy, TCS, HCL Tech and LTIMindtree here.
The Nifty Media index has shed 15 per cent so far in 2024 and is the sole index trading below the 200-DMA on the NSE. Chart suggests better days are likely ahead.
Shares of rail and defense related companies bounced back in trades on Wednesday; however, charts reveal that several stocks were trading below their key short-term moving averages.
Technical charts suggest that Paytm is likely to trade with a favourable bias; while others may display a subdued trend in the near-term.
F&O trading strategy: A high OI-based PCR suggests that traders were expecting limited downside at these counters, and were comfortable writing Puts.
Stocks in focus ahead of Union Budget 2024: These 11 stocks across sectors are likely to be in focus in anticipation of measures to be announced by the finance minister Nirmala Sitharaman on Tuesday,
As many as 71 out of the Nifty 500 stocks have surged more than 10 per cent in the first-half of July 2024 so far; here are the key levels to watch on 5 buzzing stocks of the current month.
Oil & Gas stocks outlook: Indraprastha Gas and Mahanagar Gas are awaiting a breakout from a narrow trading band, show technical charts.
Union Bank of India, Avenue Supermarts (DMart), CCL Products, FSN E-Commerce Ventures and Tata Power among 9 NSE stocks with bullish MACD crossover on the daily charts.
F&O stock watch: Shares of Mahindra & Mahindra and Shriram Finance face up to 15 per cent downside risk; whereas, Manappuram Finance and Sun Tv can potentially gain up to 13 per cent.