Page 44 - Technical Analysis

IDFC, L&T Finance, 3 others hit 52-week highs; charts show up to 23% upside

Stock reaching fresh 52-week highs may further see up to 23 per cent upside

UBL, CDSL: 5 oversold mid-, small-caps to bet on amid hopes of mkt reversal

Few oversold stocks have now reached their crucial levels that resulted in a robust breakout earlier. These are resilient cushions, with underlying strength capable of holding accumulative stance

Nifty Auto, Metal indices trading in thin range; here's how to play them

The best trading strategy Nifty Auto index would be to sell near resistance levels until we get close above new high

HDFC Bank, ICICI Bank: Will Q3 results ease volatility in banking stocks?

HDFC Bank's stock to turn bearish only beneath the support of Rs 1,500

Nifty consolidating in the range of 17,775 - 18,265, says Ravi Nathani

According to the technical analyst, a big move on the Nifty is likely once the trading range is dismissed.

Tech view: Check key levels on Sensex, Nifty as trend remains indecisive

The overall sentiment towards the market has remained indecisive and ambiguous, with market participants waiting for a clear direction

Here's why Ravi Nathani is optimistic on the financial sector

According to the technical analyst, the Nifty Private Bank, PSU Bank and Financial Services indices may extend the pullback in the near term.

DLF, Macrotech Developers: Realty stocks remain resilient amid sell-off

Since the start of the current year, the Nifty Realty pack has remained laggard and traded with a weak bias down 1.5 cent lower so far in 2023.

Near support for MCX Crude Oil seen at Rs 6,030; Natural Gas to test Rs 285

In case, the MCX Crude Oil futures fail to hold the support, the commodity could revisit its December lows of Rs 5,850 level.

Charts suggest 41,569 as trend changing level on Bank Nifty: Ravi Nathani

According to the technical analyst, the if the Bank Nifty fails to hold 41,569 the trend may bearish in the short term.

RIL, Dr Reddy's Labs: 5 Nifty500 stocks cross 200-DMA, defying weak trend

Following a strong close over the 200-DMA set at Rs 2,559, the chart structure of Reliance Industries reveals a "Double Bottom" breakout

TCS, HCL Tech, Infy: How to trade IT stocks ahead of Q3 results?

The overall trend in the IT stocks have remained laggard and continues to bear high risk element.

Bears likely to get stronger below 17,960 on the Nifty, says Ravi Nathani

On the upside, the technical analyst sees 18,336 as the key resistance for the Nifty 50.

Crude Oil may weaken below Rs 6,340; key support for Natural Gas at Rs 333

On the downside, MCX Crude Oil January futures could slide to Rs 5,940 or even re-test the recent lows at Rs 5,850-level; Natural Gas seems on course to test Rs 290 level.

Nifty, Bank Nifty exhibit a mixed bias, says Ravi Nathani

The technical analyst expects Nifty to test 18,336 and 18,464 on the upside; whereas Bank Nifty needs to surpass 43,860 for fresh buys, Nathani suggests.

Gold may enter short-term corrective phase, test Rs 52,000-level

On the upside, Gold futures need to break and sustain above Rs 55,230 in order to negate the likely corrective move. Meanwhile, Silver futures seem on course to test Rs 72,000.

Trend to remain positive for Gold above Rs 54,040; Silver 66,940

On the upside, Gold futures are likely to counter some resistance around Rs 55,150, Silver around Rs 70,250.

Strong support for Nifty seen at 17,850; Buy the dips, suggests chart

The options data indicates that the Nifty may look to hold on the 18,000-mark till expiry, given the high OI at the 18,000 Put.

Pivot point for MCX Crude at Rs 6,300; Natural Gas Rs 441

On the downside, the MCX Crude Oil futures can re-test its recent low around Rs 5,850-level; whereas, the next support for beaten-down Natural Gas contract stands at Rs 401.

Immediate hurdle for Crude Oil seen at Rs 6,400; Natural Gas at Rs 589

On the downside, Rs 5,850 seems to be a good support for Crude Oil; Whereas Natural Gas futures have multiple supports as per the daily chart.