Godfrey Phillips is approximately Rs 100 away from the lifetime high of Rs 1,572 level.
Hero MotoCorp has made another higher bottom formation pattern in the daily chart to imply strength and potential to rise further to give a breakout above the previous peak of 2,480
The Nifty is likely to bounce till 12,300 levels in the short-term after which it is again likely to correct
The pattern consists of a shape that have three peaks which are categorised into the left shoulder, head and the right shoulder.
The RSI on ICICI Pru Life has indicated a strong trend reversal with positive bias, signalling a buy
Currently, Ramo Cements' stock is hovering in a range, after a sharp up move, offering fresh buying opportunity to those who missed the chance earlier
The Nifty has provided a sell crossover on its hourly charts and with that, the index seems to have reversed the overall trend in the short term.
The overall outlook for the rail-related stocks looks promising.
Mid-caps continue with their strong up-trend and is anticipated to do so till the budget time
Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.
Volume in CESC has been attractive and the RSI is also recovering from the lows, showing a trend reversal and improvement in bias
On January 14, Berger Paint's stock surged strongly and made a new record high, supported with a noticeable rise in volume
In Nifty, traders are advised not to be adventurous by taking positions against the major direction
Infosys and TCS are waiting for their respective range breakouts
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
In the last several years, the stock has crossed Rs 480 for about five times during intra-day but could never close above the level
The target level is usually the difference between the low of the rounding bottom and the price where the actual breakout happened.
The RSI has indicated a trend reversal from the oversold zone for IGL and signaled a buy coupled with good volume participation
A technical outlook on Indian oil marketing companies (OMCs) amid US-Iran tensions
UltraTech Cement has recently surpassed the hurdle of multiple moving averages on the daily chart and is likely to witness fresh momentum