Page 34 - Technical Charts

Brokerages see up to 25% upside for ITC post BAT stake sale

With today's sharp rally, technically ITC is seen trading close to its long-term moving average on the daily charts.

Exide, UTI AMC: 5 SmallCaps that hold promise in this market correction

Godfrey Phillips has been one of the key outperformers among SmallCaps thus far in 2024; presently the stock is seen testing support at its trend line, shows daily chart.

IndiGo: Promoter stake sale a non-event; analysts see up to 15% upside

Technical charts suggest that the stock is displaying a firm trend, and trading above its key moving averages.

Natural Gas futures down 51% in 5 months on MCX; Should you bottom-fish?

The MCX Natural Gas futures have declined over 6 per cent so far in March, and tumbled up to 82 per cent from the peak in August 2022.

Are the Nifty PSU indices staring at up to 15% fall from current levels?

This particular technical indicator on the weekly charts suggests that the Nifty PSE, CPSE and PSU Bank indices could consolidate or dip in the near-term

Nifty needs to breakout from this trading band for a directional move

According to Ravi Nathani, an independent technical analyst, the Nifty 50 index is seen range-bound between 22,400 - 22,580.

IIFL, Manappuram, L&T Finance: These NBFCs can fall another 22%; here's why

Among the frontline NBFCs, Bajaj Finance looks interestingly poised, with the stock attempting to form a bottom following a 17 per cent decline since mid January, suggests technical chart.

Gold and Silver can rally up to 10% on MCX, show charts

The MCX Gold futures have gained 4 per cent and Silver 6.5 per cent so far in March on hopes of interest rate cuts in the US. Chart suggests that positive bias shall prevail in the near-term.

SBI, BoI, IOB: 5 PSU bank stocks that look good on the technical charts

Even as the charts suggests that the Nifty PSU Bank index may exhibit some volatility in the near-term, select shares can potentially rally up to 13 per cent from current levels.

IIFL Finance breaks key support post RBI ban; chart hints more pain ahead

With Tuesday's 20 per cent fall, IIFL Finance was seen trading below its 20-Month Average for the first time after a gap of 3 years. Chart suggests bias to remain weak below this particular level.

Tata Motors demerger: Stock can potentially rally another 27%; hints chart

The stock Tata Motors has so far rallied 32 per cent in 2024, and a solid 145 per cent in FY24. Charts suggest that the bias is likely to remain bullish as long as the stock trades above Rs 975.

Nifty Bank, Nifty Private Bank rangebound on charts: Check key levels

A breach above 47600 would suggest a potential upward movement, with the next resistance levels expected at 47786, 48280, and 48400 in Nifty Bank, says Ravi Nathani

F&O strategy: Bull spread recommended on UBL for March series

Nandish Shah of HDFC Securities recommends to Buy UBL 1700 CALL and simultaneously Sell 1800 CALL for the March expiry.

RIL-Disney deal: What do charts suggest for media & entertainment stocks?

A day after Reliance, Viacom18 and Disney announced a mega joint venture, RIL traded firm, while shares of TV18 group hit the 5% lower circuits. Here's a quick chart check.

Nifty Auto index seen in downtrend, Energy range-bound; suggest charts

According to Ravi Nathani, an independent technical analyst, the Nifty Auto index can dip to 20,200 and 19,850 levels in the near term.

Zee, Paytm top Nifty 500 losers so far in 2024; will the fall continue?

As many as 10 stocks within the Nifty 500 space have declined over 20 per cent so far in 2024. These are the key levels to watch out, suggest charts.

Will Voda Idea hold this weekly support level? Check key levels here

With Wednesday's 9 per cent fall, Vodafone Idea has declined over 20 per cent in the last three trading sessions from its recent high; stock is now trading close to its weekly support level.

JK Lakshmi, Motherson Sumi can rally up to 19%, recommends HDFC Securities

On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty is seen consolidating in the 22,075 - 22,297 trading band.

Nifty Private Bank, IT: Here's how to trade these two range-bound indices

The Nifty Private Bank Index in seen trading in a range of 23,165 - 23,690, and the IT index in the 37,200 - 38,56 range, says Ravi Nathani, an independent technical analyst.

Nifty PSU Bank, Financial Services Indices may exert downward pressure

According to Ravi Nathani, an independent technical analyst, Nifty Financial Servies Index can be short with a stop at 20,800, while selling pivot for the PSU Bank index stands at 7,136.