The domestic market continued to trade weak amid a global sell-off triggered by concerns about rising Covid-19 cases and news reports on suspicious transactions involving international banks.
Here's how fertiliser sector stocks look on the charts and what should be your trading strategy
Out of these 344 stocks, 211 stocks are trading with a positive crossover. This scenario indicates that over 50 per cent stocks are signalling positive bias.
The momentum indicators and oscillators on the weekly scale are very well in 'buy' mode
The next upside for Nifty Pharma is located above the resistance of 12,100 levels.
The government may infuse Rs 20,000 crore through the recapitalisation of bonds into state-owned banks.
Chart patterns help one identify potential moves with the help of key support levels and certain predefined patterns.
SBI Life's stock is holding strongly above the support zone of 200 EMA on the daily chart
One needs to build a separate trading model to identify retracement and reversal
The Supreme Court has allowed telecom companies to pay their adjusted gross revenue dues dues in 10 years.
Once the stocks conquer 200-WMA, the upside potential is huge.
Major brokerage houses are indicating a positive upside, daily chart suggests.
Future Consumer faces a stiff resistance around Rs 12.50 levels. Here's a look at how the Future Group stocks look on charts.
Unless a stock shows breakdown underneath the previous support level decisively, avoid it.
Sun Pharma's counter has provided a fresh breakout after retesting its rising channel on the daily chart
Most defence-related stocks gained ground on Monday post the development with Bharat Dynamics up nearly 8 per cent at Rs 452 on the BSE
On the downside, a move below 11,100 would lead to immediate correction towards 10,950 - 10,880 levels
This pattern signals a bearish sentiment and one should be cautious once this pattern is visible on the charts.
The level of 11,000 might act as support
Godrej Consumer's stock has been trading with a corrective bias for the last three weeks