Nifty Bank index may rise up to 2.25% once hits a new historic peak, shows technical charts
Among banking majors, Axis Bank, ICICI Bank, HDFC Bank and State Bank of India (SBI) appear on track to hit new all-time high in the weeks ahead, charts suggest
The broader trend for the shares of Vodafone Idea continues to remain negative
When Nifty Realty index hits a new 52-week high, the next positive rally shall aim at setting a new all-time high
Technically, stocks inversely proportionate to the benchmark indices' trend are safe to bet during weakness.
The FMCG index has risen 10 per cent since the start of the current year, with ITC, Nestle India, Radico Khaitan, and Varun Beverages zoomed 31 per cent, 12 per cent, 11 per cent and 10 per cent each
While it is risky to be bullish on the stock trading in the overbought category, the underlying trend must to be followed at all time.
Adani Enterprise , in particular, could see a rally of up to 11 per cent in coming sessions
The Smallcap index seems poised to hit the 10,000-mark.
Despite benchmark indices witnessing corrective phases in recent months, GAIL (India) and Power Grid Corporation of India, in particular, have been entering uncharted territories effortlessly.
Railway related stocks are poised for next leg of upside, shows techncial charts
Except for Hindustan Zinc, which hit a new historic peak in the Q4, others have remained laggards.
Select hotel stocks may rise up to 20 per cent in coming sessions, as per the technical charts
While the overall trend in the new-age companies has been negative, selective stocks are reflecting a robust comeback. If they succeed in restoring their optimistic faith, the price action may offer s
Major Non-Banking Financial Company (NBFC) shares could offer significant gains from a short-to-medium term perspective, as their present formations on technical charts illustrate a long-term upside.
Nifty Bank, in particular, has emerged as the front runner of the reversal rally. The banking index has gained 6.60 per cent and overcame vital hurdles in the recent sessions.
Nifty IT index may fall up to 3 per cent post hitting a new 52-week low, trend turns bearish.
These 5 mid-cap stocks may rise up to 20 per cent, as technical charts reveal positive breakouts
BPCL, HPCL and IOC may rise up to 11 per cent in coming sessions, and if they manage to sustain their upward rally, medium-term bias may strongly shift in bull's favour.
The heavy-weight Reliance Industries has broken critical support of Rs 2,300, raising concerns about the future drawdown. In addition, the formation reveals a "Descending Triangle" violation