Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Until there is a major shift in the mood of traders and investors, this segment may continue to show deterioration in value.
Maruti's stock price has risen more than 10 per cent with significant rise in volumes
The primary trend of Ipca Lab's stock has been bullish with higher tops and higher bottoms on the weekly and monthly charts
For Nifty Bank, the immediate resistance comes in the range of 20,500 to 20,000 levels
The RSI Oscillator is showing strength in the stock
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
While taking a bigger perspective on the trend, the daily volume chart might not perfectly depict the scenario. The weekly, monthly or year volumes chart facilitate in taking a call on the same
Breakout from 240 would lead Bandhan Bank's stock to witness more upward movement
Mindtree will see an upside bias once it breaks out above Rs 920 levels
The candlestick formations on the benchmark indices show a 'Bullish Engulfing' pattern, which suggests a change in sentiment to positive
Nifty outlook and stock recommendations from Nilesh Jain, Technical and Derivatives Research - Equity Research, Anand Rathi Shares and Stock Brokers
For Nifty, a continuous gap-down sessions have dampened the upward move
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Whenever a stock witnesses higher volumes, which is normally stronger than earlier candles, it indicates severe pressure.
Barring Wipro, all the other major tech companies have outperformed the benchmark Nifty50 index which has slipped 7.6 per cent till date in 2020
The level of 11,050 should be followed as a stop-loss on a closing basis in Nifty longs
Relative Strength Index (RSI) determines trend strength by identifying the oversold and overbought condition
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
While news-driven movement in markets can be a bit difficult to gauge, but how the markets play out over a few sessions can be plotted on the charts to ascertain the overall trend