StockShiksha

StockShiksha

After a long dull performance, FMCG sector is ready go up. The latest quarterly update from Dabur, Marico and Godrej consumer shows demand growth is coming back. This is positive trigger and this is why almost all FMCG stocks are gainers today. The red line is the target point for the short term perspective. I would like to buy HIndunilever, Dabur, Colpal, ITC,...

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On daily candle chart, a consolidation zone is clearly visible. 2500-2600 is support area and 3200-3280 is resistance area. It seems M&M is ready to give breakout above resistance zone. Trigger point will be auto sales number. Among 4 wheelers this company is showing strength. In case it gives breakout traders must keep stop loss below red line on closing basis....

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On the daily candle chart it is clearly visible that big boys are exchanging their shares at a lower level. Look at the candles and volume bars below; you will understand. Near the completion of one year since IPO, some pre-IPO investors will sell their shares, as they could not sell after IPO till now due to compliance. One can start accumulating shares of...

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As per uptrend channel pattern in TIINDIA, it looks ready to go up and touch upper trend line. 3400-3500 is possible target. Keep stop loss below 2800

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Axis bank chart is showing consolidation going on. Closing above 1240 will be confirmation of breakout and one can expect target of 1340. Keep stop loss below 1190

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On the daily candle chart there is breakout going to happen in Infosys. If it breaks above 1640-1650 range and closes above it, one can go for long side trade with stop loss below 1570 for the target of 1800

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Possibility of H&S pattern breakout in another IT company(persistent system). All IT companies are performing and Persistent is one of the best IT company. 6050-6100 is resistance level as per H&S pattern. Weekly and daily candles closing above this resistance will be confirmation of breakout. Keep this stock in watchlist

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24500 is identified as a crucial support level, suggesting an excellent buying opportunity for those who weren't able to enter the market during the April-May rally. History frequently shows that periods of war, while disruptive, can paradoxically offer chances to buy stocks at more favorable prices. Current stockholders can remain confident in their positions.

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Nifty IT is on the verge of inverted Head & Shoulder pattern breakout. This is reversal pattern and traders should avoid shorting IT companies. From here I would prefer to go with long side position in IT stocks like TCS, INFY, HCLTECH, WIPRO, CYIENT, KPITTECH, PERSISTENT, TECHM.

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There is breakout happening in Biocon. Symmetrical triangle pattern is there and after long consolidation finally price is moving up. Volume profile also suggests up move is likely to strong

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Nifty has broken out above 25,000. Puts are being added at 25,000 and strikes are below 25,000, and call unwinding is evident. For Nifty, the ideal buying range is between 25000 and 25080. The Nifty is approaching its all-time high of 26277. The overall pattern is bullish, thus unless it closes below 24800, we should use a buy on dip strategy.

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In KPITTECH, there are indications of a potential upward breakout. Following 12–13 days of consolidation, an extended green candle with higher volume indicates a potential breakout due to the inverted H&S pattern. In H1FY26, management essentially anticipates "positive" QoQ growth, which is a good trigger. In my opinion, good price action will ensue when the...

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Today, the Nifty showed a clear breakthrough of the downward trend channel(lower low lower high). Once it closes above 25,000, short covering will drive the price up still. There are three maximum call OIs: 24800, 24900, and 25000. At strike prices below 24800, put writing is evident. The RBI's policy tomorrow will be the main market trigger. Unless the Nifty...

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Piramal Pharma looks good for bottom fishing on chart. Buy above 210 with stop loss below 200 on closing basis. Target is 225-230 for short term investment. Fundamentally, margin is improving, net profit rising. When business is improving and price is ready to bounce, its perfect recipe for good entry

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Eternal is showing strength. Closing above 245 will be confirmation of bullish trend and one can expect target of 280-285. Stop loss should be kept as per own comfort. When price breaks above the resistance after long consolidation strong upside generally follows. Good luck!

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SBI card is facing resistance. Good to go with long position with stop loss below 900

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NIFTY is trading in the range of 24500 to 25000. There is pure consolidation going on. On daily basis block deals are happening which is putting downside pressure on the market. FIIs are capitalising on huge short position in indices. Heavy call writing at 24800, 24900 and 25000 can be seen Once there will be closing above 25000, huge short covering can be...

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24480-24500 is support area. Selling pressure will be strong below this support area. Overall scenario is buy on dip and upside move will be seen in coming days