Page 29 - Technical Analysis

Will Voda Idea hold this weekly support level? Check key levels here

With Wednesday's 9 per cent fall, Vodafone Idea has declined over 20 per cent in the last three trading sessions from its recent high; stock is now trading close to its weekly support level.

Bias for Nifty PSU Bank turns negative, can dip up to 5%

On the upside, the PSU Bank index is likely to face resistance around 7,280 to 7,350, says Ravi Nathani, an independent technical analyst.

Nifty, Bank Nifty can fall up to 7%, warn charts; Key hurdles to watch out

According to Ravi Nathani, an independent technical analyst, the trading strategy for Nifty and the Bank Nifty is 'sell on rise'.

Nifty Energy, Pharma: Trading strategies for indices in overbought zone

A trade below 37,968 could prompt a stop-loss trigger for bullish positions on the Nifty Energy index, says Ravi Nathani, an independent technical analyst.

Downtrend on charts for Nifty FMCG, Nifty Pharma: Check key levels

The Nifty FMCG Index reveals a near-term downtrend on charts, with a support level expected around 53,725

Nifty PSU Bank in correction, Nifty Private Bank facing near-term downturn

The Nifty PSU Bank index is undergoing a correction phase, and a fresh buying momentum is anticipated only if it closes above 6,225, as per Ravi Nathani

Nifty Bank rangebound on charts in near-term: Check levels to watch out

A detailed analysis indicates a trading range between 46,050 on the upper side and 44,430 on the lower side, as per Ravi Nathani

Nifty FMCG downturn possible below 55,150; Nifty Realty to be rangebound

A prospective downturn is anticipated, contingent upon the Nifty FMCG index breaching the crucial threshold of 55150, as per Ravi Nathani

Nifty Pharma, Nifty Energy eyeing correction on charts: Check key levels

Technical indicators for Nifty Pharma are aligning with the bearish sentiment as the RSI has declined to 59, signaling a potential downtrend, as per Ravi Nathani

Nifty IT seen weak on charts, Nifty Auto rangebound: Check trading strategy

Adding to the cautionary signals, the RSI in Nifty IT index has recently broken below the 70 mark, reaching a reading of 66.27, said Ravi Nathani

Nifty IT index trapped in consolidation range; Auto nears major hurdle

According to Ravi Nathani, an independent technical analyst, the Nifty IT index is seen consolidating in the 35,300 - 34,400 trading range.

Nifty, Bank Nifty bounce back: Should you sell the rally? Check key levels

As talks of an impending market correction grow louder, here's a quick chart check on the Nifty 50 and key sectoral indices.

Analysts divided, but Delhivery's stock underperformance may reverse

Delhivery provides solutions to 23,113 customers, including e-commerce marketplaces, direct-to-consumer e-tailers, and enterprises across verticals

Nifty Metal weak on charts, Nifty Pharma rangebound: How to trade them?

Only a decisive close above 7,616 in Nifty Metal would indicate a potential reversal, opening the door for further upward movement with the next target at 7,740, says Ravi Nathani

Nifty, MidCap, SmallCap: Should you buy the dip? Here's what charts say

The NSE Nifty50 has strong supports placed around at 20,920 and 20,750 levels. Meanwhile, the broader indices are seen testing support at respective 20-DMAs, show charts.

Nifty IT, Nifty Auto: Charts signal pullback; Check levels to keep on radar

As per Ravi Nathani, prevailing indications suggest a higher likelihood of a downward trigger in Nifty Auto given the negative bias in the technical indicators

Infosys, TCS, Wipro: Do IT stocks have more steam left? What charts say

Unlike the benchmark Nifty 50, the Nifty IT index is still over 9 per cent shy from its summit. Among the frontline stocks, Infosys, TCS and Wipro look fairly placed on the charts.

90% of Nifty 500 stocks trade above 200-DMA; time to be selective: Analysts

The sharp run up in the markets in the last few sessions has made analysts cautious, who now expect the markets to consolidate before resuming their journey north

Minor pullback in Nifty IT; range-bound movement in Nifty Auto likely

The optimal trading strategy for risk-tolerant traders involves selling Nifty IT either at the current levels or on upward movements, suggests Ravi Nathani

Chart check: Will Nifty top 25,000-mark before 2024 general elections?

With today's sharp up move, the overall mood has become upbeat and momentum is likely to drive Nifty to newer heights. However, how steep can the rally be? Here's what the chart suggests.