Muthoot Finance and Manappuram Finance have gained up to 19% thus far in June after RBI eased norms on small-ticket gold loans. Technical charts hint that these stocks can potentially rally 32% more.
The Nifty MidCap index can slip another 4%, or extend the fall towards 19,600; hints the technical chart. The SmallCap index is yet to confirm a downside breakout.
Hindustan Zinc stock was seen testing support around its super trend line support on the daily chart after two months; a breakdown can trigger up to 18% fresh fall, suggests the technical chart.
The average gain for Ambuja Cements, an Adani group stock, after witnessing 'Golden Cross' formation has been 86% in the last three instances; can history be repeated? Here's what the charts say.
Technical chart shows that BSE stock is likely to trade with a negative bias as long as it sustains below ₹2,924 levels. Here are the key support levels to track.
Technical chart suggests that Bajaj Finance stock could rally towards the ₹1,000-mark in short-to-medium term period; here are the key levels to watch out for.
The Baltic Dry Index now quotes at a 8-month high. Technical charts hint at a potential 36 per cent upside for select shipping stocks like SCI, Dredging and Seamec. Details here
Technically, the near-term bias for the Nifty is likely to remain favourable as long as it holds above 24,512; below which the index can slip another 2 per cent to test its 200-day moving average.
The Nifty Pharma index and select shares such as Biocon, Cipla, Zydus Life and Gland Pharma were trading above the respective 200-DMAs after more than 2 months; show technical charts.
Technical chart shows that bias for Paytm stock is likely to remain cautiously optimistic as long as the stock manages to close above ₹883. Here are the key levels to track.
Infosys, Persistent Systems and Mphasis are likely to trade with a favourable bias as a key momentum indicator - the MACD has turned positive on the technical charts for these 3 IT stocks.
Stocks to buy: Bajaj Auto is witnessing steady volume, and the price has managed to close above all major Exponential Moving Averages
Alok Industries, HFCL, Just Dial, Network 18, Den Networks and Hathway Cable, part of RIL-group holdings, were seen trading with huge losses even as RIL stock hit a 8-month high on Wednesday.
Silver price outlook: On June 10, the white metal closed with a loss of 0.40 per cent at $36.59 as investors waited for US-China trade talk outcome
Technical charts show that largecaps stocks - Adani Total Gas, LTIMindtree, Jindal Stainless, RECL and CRISIL are favourably placed for likely gains in the near term.
BSE and MCX share prices trade at all-time high levels. Technical chart suggests a likely positive bias for MCX and IEX stocks, while BSE may witness high volatility in the near-term.
Technical charts suggest that stocks like Hindustan Motors, HCC, Paisalo Digital, Equitas SFB and Suzlon Energy, which at present trade below ₹100; can potentially zoom up to 73% from here on.
HDFC Bank, Bajaj Auto, Eicher Motors, L&T Finance and Prestige Estates can potentially rally up to 26% from present levels, indicate technical charts.
Technical chart suggests that the bias for Indian Bank stock is likely to remain bullish as long as the stock holds above ₹627 levels; on the upside it seems on course to hit ₹666 levels.
Technical chart suggests that these 2 Anil Ambani group shares - Reliance Infrastructure and Reliance Power can potentially rally another 25% from here on; here are the key levels to watch out for.