Once the stocks conquer 200-WMA, the upside potential is huge.
After a sharp dip in March 2020, Britannia Industries has recovered almost vertically and made a new record high at Rs 4,010 in July 2020
Future Consumer faces a stiff resistance around Rs 12.50 levels. Here's a look at how the Future Group stocks look on charts.
Nifty's momentum indicators and oscillators on the weekly scales are still in 'buy' mode
The stocks trading above the 200-DMA are usually in a bullish phase. Here is the complete list
Unless a stock shows breakdown underneath the previous support level decisively, avoid it.
The stock of ABB has maintained a good base near 890 levels and has picked up momentum to improve the bias
We can witness short-covering move along with addition of fresh position only if Nifty breaches level of 11,350. Therefore, traders should try to create long position, keeping close eye on 11,200
Among the Nifty 500 stocks, the overall trend appears to be extremely bullish. The chart pattern of the Nifty 500 index also suggests the possibility of more buying in these scrips in the days ahead
NIfty has been forming higher tops and higher bottoms on the daily charts. Nifty is placed above 20,50,100 and 200 days moving averages, indicating bullish trend on all time frames
Glenmark Pharma's stock is taking the support of a rising trend line
We can witness short-covering move along with the addition of fresh position only if the Nifty breaches 11,200 level.
TITAN, after the breakout from a consolidation range, is gradually inching higher while holding strongly above the support zone of the long term moving average( 200 EMA) on the daily chart
This sharp recovery could end up being a dead cat bounce, as the trend-line support which was recently broken could act as a resistance at 11,250
The stock of Tata Consumer Products made a fresh all-time high and has provided breakout from a cup pattern on the daily chart
For the early part of the week, 11,200-11,250 should be considered as an immediate resistance zone for Nifty.
The stock of ICICI Bank has once again made a good support base near 340 levels and is currently indicating a trend reversal
Failure to exit a trade may create disparity on the breakout strategy.
The stock of IndusInd Bank has maintained a good base near 485 levels and has indicated a momentum pick up with positive bias
L&T is on the verge of breaking out from the symmetrical triangle pattern on the daily charts.