Trading strategies for overbought stocks: Minda Corp, Allcargo Logistics, Vijaya Diagnostic, CDSL and ICICI Lombard General Insurance are trading in overbought territory with a RSI reading of above 70
Technical charts suggests that Ramkrishna Forgings, Balkrishna Industries and KIMS can potentially rally up to 16 per cent from present levels; check key support, resistance levels here
Market outlook for the week Aug 26 - 30: The Nifty needs to clear resistance at 24,971, and Sensex at 81,750 for further gains. Here are the key support levels to watch out the NSE, BSE benchmarks.
A total of 19 stocks have declined over 20% thus far in the calendar year 2024, even as the Sensex and Nifty have rallied up to 14%; here are the key levels to watch out on these 6 stocks.
Strong Q1 earnings, revival in FMCG sector has propelled Colgate-Palmolive stocks; Technical charts suggests that the bias shall remain favourable as long as the stock holds Rs 3,500.
IDFC, Vedanta and oil marketing stocks among top dividend yield NSE 500 companies; Technical charts suggest up to 14% upside for these stocks; track these key levels.
New-age stocks have zoomed up to 80% from Election Result day lows. Charts suggest PolicyBazaar, Paytm, Nykaa and Delhivery can rally another 12%; while Zomato and CarTrade may dip going ahead.
In general stocks trading above the key moving averages such as the 20-, 50-, 100- and 200-DMAs are considered trading with a bullish bias and vice versa.
The bulls are back, as recent sessions have established a base around the key support of the 50-Day EMA, and last Friday's strong momentum suggests that prices are forming a structural bottom
Stocks with long buildup in August series: Key levels to track on Voltas, Naukri and Laurus Labs as these stocks could potentially gain up to 9 per cent from present levels.
The Nifty IT Index is currently showing an upward trend on the charts, with the index nearing its weekly resistance levels for this week, which are expected to be between 39,925 and 40,000
MSCI India August rejig: 7 stocks to be included in the India Index, HDFC Bank weightage to increase in 2 tranches; Bandhan Bank on its way out.
IIFL group stocks such as 360 One WAM, IIFL Finance and IIFL Securities plunged up to 5 per cent in Monday's initial trade, but soon recouped losses. Here are the key levels to track.
As Hindenburg saga resurfaces, here's a technical check on Gautam Adani-led Group stocks for the likely trend ahead.
The Nifty has moved in a defined range of 24,000 - 24,400 throughout the last week; a breakout in either direct can trigger momentum, says Rajesh Bhosale of Angel One.
Here are 10 penny stocks, trading in the range of Rs 6 - Rs 20, with a potential upside of up to 75%, based on the existing technical chart patterns.
Gold outlook by Sharekhan: The MCX Gold futures are expected to trade in the range of Rs 68,200 and Rs 70,700 in near term, analyst Praveen Singh.
The overall bias for RVNL stock is likely to remain positive as long as the stock holds above Rs 490 levels; however, current momentum hints at likely 9 per cent downside risk at the counter.
Short build up is seen in the Nifty Futures during the August series till now, where we have seen 3 per cent rise in the open interest with Nifty falling by 1.20 per cent
Shares of Bank of Baroda, Union Bank of India and Indian Bank can potentially rally up to 15% if these support levels are held; check key support and resistance levels for 5 PSU bank stocks here.