For Godrej Industries, the RSI has also recovered decently from the highly oversold zone and indicated a trend reversal to signal a buy
For ACC, the RSI has signaled a trend reversal while decent volume participation has also been witnessed
For Bajaj Auto, the RSI has shown a steep rise with a trend reversal and signaled a buy
For Tata Motors, the RSI has shown a trend reversal from the highly oversold zone to signal a buy and has maintained a positive bias
Hero MotoCorp has made another higher bottom formation pattern in the daily chart to imply strength and potential to rise further to give a breakout above the previous peak of 2,480
The RSI on GIC Housing Finance's chart is showing a trend reversal and the chart looks good too for the further upside
The stock of Dr. Reddy's has been on a gradual rise with positive indicators supporting the momentum and currently has given a breakout above the previous peak of 3,000
Biocon has maintained a strong base near 280 levels which is a good support level and currently has indicated a positive bullish candle pattern to imply strength
Volume in CESC has been attractive and the RSI is also recovering from the lows, showing a trend reversal and improvement in bias
Marico has currently given a decent bounce with a positive bias and the RSI is also showing a trend reversal with a buy signal
Nifty view and stock recommendations by Vaishali Parekh of Prabhudas Lilladher
Godrej Consumer has picked up momentum with decent improvement in the volume to show a positive bias and imply further strength and potential to rise further in the coming days
Nifty has for now shown resistance at its triple top level near 12,300 levels
The support for the week is seen at 40,840/12,000 for Sensex and Nifty,respectively, while resistance is seen at 42,200/12,450.
Market at this level will witness stock specific movement with trend of all periodicities continuing to be positive
The support for S&P BSE Sensex and Nifty50, for the week, is seen at 37,380/11,060 while the resistance is seen at 38,900/11,560 levels.
Here is the weekly technical view on Nifty and stock recommendation by Prabhudas Lilladher
Nifty view and stock recommendations by Vaishali Parekh of Prabhudas Lilladher
Here are the stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on
Nifty outlook and top trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.