Tata Motors has formed a fresh shorting pivot and is likely to resume the corrective phase.
We are not at all advising to go against the current trend; but at least taking some money off the table on existing positions is always a good ploy, he says
IndusInd Bank stock has managed to move past the 50EMA level of Rs 1,000 and improve the bias
IIFL Wealth Management is heading towards a new all time high, as per charts
A clear breakdown on price action and chart patterns may lead to slide in these stocks
Bandhan Bank has been trading in a steady downtrend and is facing selling pressure on every rise
Bector Food has seen a secular rally from its 52-weeks low of Rs 328 odd zones and since then there has been no major correction in the counter
UltraTech Cement and Grasim Industries are only a few bucks short of their lifetime high of Rs 7,055 and Rs 1,547, respectively
The sideways formation of Triple Bottom is seen as the most reliable and profitable pattern
The traders and investors are cautious of heavy profit booking in the indices. However, there aren't any major technical signals to support this view
The stock of Asian Paints has broken out of the resistance of Rs 3,000 levels with the up move indicating a rally towards Rs 3,150 to Rs 3,300 levels.
MCX witnessed a splurge in the last trading session on the back of robust volumes and breached its consolidation zone
With a 20 per cent jump on June 1, 2021, the stock of PNB Housing Finance has conquered the resistance of Rs 600 levels.
If these stocks manage to cross their significant resistances, the upside may result in a surge of over 5 per cent
A positive move in M&M Financial Services above the 200-DMA level of 163 would further strengthen the bias
Since November 2020, RELIANCE has made almost three bottoms between 1,830 - 1,860 levels, which indicates multiple supports for the stock near the 1,830-mark
The RSI has indicated a trend reversal for Hero MotoCorp, showing strength, and has signaled a 'buy' to suggest further upward movement in the coming days
The market needs to see follow-up buying to break above crucial resistance levels
Copper needs a decisive breakout below 657 for sellers to get active
Range breakout for gold comes above 45,300