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NSE:NIFTY Monday’s session saw a buoyant start to the Week. The Markets saw a opening in lines with expectations and traded in a range in the first half of the session with modest gains. We saw strength coming in especially in the second half. The benchmark Index NIFTY50 got further fortified and ended the day with decent gains of 97.25 points or 0.92%. The...

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NSE:EQUITAS The stock has remained in a broad trading range over last couple of months. Currently, the stock has encountered a double top resistance and is seen attempting to break out. RSI is seen breaking out of a pattern and has marked a fresh 14-period high on Weekly Charts which is bullish. MACD remains in continuing buy mode. The Stock has closed outside...

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NSE:NIFTY Friday’s session saw the corrective action getting extended as the Markets continued with its modest slide. The benchmark Index NIFTY50 continued to retrace and ended the day with a loss of 61.40 or 0.57%. The session remained relatively less volatile and therefore did not see VIX rising too much. The session also confined itself to a narrow trading...

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NSE:OBEROIRLTY Multiple signals have emerged which point towards upward revision of price in this stock over coming days. While Daily MACD stays in continuing buy mode, Weekly MACD has reported a positive crossover. It is now bullish while trading above its signal line. RSI stands neutral and is seen breaking out of a pattern formation. On the Weekly Charts, the...

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NSE:BLUESTARCO The stock is seen trading presently in a broad ascending triangle pattern. This is a bullish pattern and especially more potent as it is formed over couple of months. The stock is staring at a breakout from the current formation. Daily MACD has reported a positive crossover. Weekly MACD too has reported a positive crossover. They both are bullish...

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Broadly speaking, the Indian Equity Markets continued with its up move and stepped into the new week on a buoyant note. Though the Markets remained in a capped range, the benchmark Index NIFTY50 ended the day with gains of 47.05 points or 0.44%. Tuesday was a trading holiday on account of Maharashtra Day. Indian Markets will enter into trade on Wednesday,...

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NSE:IIFL The stock tested highs of 874 and since then has been under a corrective retracement. It has tested 100-DMA levels twice and is seen taking support and bouncing back from this significant support area. A buy signal has emerged over Stochastic on the Daily Charts. RSI is seen forming a higher bottom and is seen inching higher showing a bullish divergence...

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NSE:NIFTY Indian Equity Markets followed up positive closing of the expiry day on Friday. The Markets saw a gap up opening with a renewed vigor, sustained it all throughout the day and the NIFTY ended the day with gains of 74.50 points or 0.70%. We enter into a truncated week with Tuesday being a trading holiday. Barring some more consolidation, we expect this...

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NSE:NIFTY In the week that was, the Indian Equity Markets continued to make a modest advance as the index NIFTY50 inched higher and ended the week gaining 128.25 points or 1.21% on Weekly basis. The volatility in the previous week remained overall less-than-expected and the Markets showed no major signs of any corrective move baring few range bound slightly...

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NSE:TDPOWERSYS After a protracted downtrend, the stock is seen forming a potential bottom. Weekly MACD has reported a positive crossover. RSI is seen marking higher highs and a bullish divergence against the price is observed. In an attempted to reverse the trend, the prices may test the 200-WMA in a technical pullback.

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NSE:NIFTY The Markets ended the expiry day of the April derivative series on a positive note as the NIFTY ended gaining 47.25 points or 0.45%. The session remained absolutely quiet, contrary to expectations. Expiry led volatility was expected but the Markets spent the entire session in a 20-point sideways trajectory. It was only the last 30-minute of the trade...

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NSE:NIFTY In our previous note, we had expressed caution with regard to the lowest value of VIX seen in recent times along with elevated levels of NIFTY PCR (Put to Call Ratio) and the possibility of the Markets seeing profit taking bouts from higher levels. In line with this analysis, the Wednesday’s session remained much volatile, especially in the second...

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One more session of consolidation took place in the Indian Equity markets as the benchmark NIFTY50 ended the day with modest gains of 29.65 points or 0.28%. Markets saw a quiet opening on expected lines and just when it started to correct in the late morning trade, short covering lifted the Markets. Bulk of the short covering was rollover related in nature. On...

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The stock tested highs of 301 in late 2017 and has not made any major headway since then. It is moving in a broad trading range over last couple of weeks. A rounding bottom formation is observed within a large symmetrical triangle. Such formations have larger possibilities of getting resolved with a breakout on the upside. The prices have closed above the upper...

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In what can be termed as a classical consolidation, the Markets failed to sustain at the high point of the day. Very much on expected lines, the higher levels saw some profit taking coming in and the NIFTY pared nearly 50-points from the high point of the day before it ended the session with a modest gain of 20.65 points or 0.20%. If we discount the...

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After peaking out in early 2018 at 328, the stock has been under classical corrective retracement. The stock bottomed out in the 250-255 zones and has shown signs that could trigger resumption of up move in coming days. A not-so-classical inverted (bullish) head and shoulder formation is seen on the Daily Charts. Daily MACD stays bullish while trading above its...

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Friday’s session continued to witness a typical consolidation as the benchmark index NIFTY50 oscillated in a capped range and ended the day with a nominal loss of 1.25 points or 0.01%. The Markets continued to show resilience as it recovered significantly from the low point of the day before ending flat. As we enter into expiry, we see that this is not yet the...

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The stock is set to break out of a rectangle trading range. The OBV has already scaled a fresh high. RSI markets a fresh 14-period high which is bullish. Also shows a bearish divergence against the price. Weekly MACD is sharply moving towards a positive crossover. Its placement in the Consumption space when plotted on RRG sports a favorable picture.