VRL Logistics has maintained a strong base near Rs 145 level.
As the Sensex and Nifty scaled record peak, various stocks have entered the overbought condition of RSI.
When it comes to choosing a risky investment, market participants opt for stocks with higher standard deviation that provides volatility, which can be used for quick profits.
TCS rallied 5 per cent to hit a record high of Rs 2,650 on the NSE after the company said it will consider a buyback on Wednesday, October 7.
Unless there is a breakout with definite consecutive closes, one should not be too quick to 'confirm' a trend. It is very essential to ascertain a trend; sometimes, having a dull scenario on the chart
A short-covering move, along with addition of fresh position, is seen only if somehow Nifty sustains level of 11,200
The momentum oscillator MACD has provided fresh sell crossover on the weekly scale for Piramal's stock
Despite the market correction, there are some stocks from the FMCG and pharma sectors - considered classic defensive plays - that can be bought from a medium-term perspective
A trendline breakout on the monthly chart asserts that the stock or index is ready to move higher, with an optimistic outlook.
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.
On a year-to-date (YTD) basis, the Nifty IT index has outperformed the market by surging nearly 18 per cent (as of Tuesday's close) as compared to a 7 per cent fall in the benchmark Nifty50
SBI Life's stock is holding strongly above the support zone of 200 EMA on the daily chart
The stock price of CDSL has doubled In less than three months.
With the "higher high, higher low" formation on the daily chart, Amara Raja Batteries is gradually rising with the support of 50-day moving average (DMA).
As of now, the downside is limited in mid-cap banks with volumes staying subdued.
The technical analysis revolves around three major indicators: the price indicator, volume, and basic technical indicators that determine strength, oscillation, and momentum.
The golden ratio is typically translated into three percentages: 38.2 per cent, 50 per cent, and 61.8 per cent, which are considered key retracement levels for a stock or an index.