Nifty can find support near prior breakout zones around 19850 zones as marked in the chart. If this breaks then Nifty futures can likely test 19650 & 19560 zones.
ONGC continues to trend higher post consolidation and has given a breakout with increased volumes. ATH of 194.95 can be tested in the coming days
Grasim breaks out of 1860 resistance zone and has given a strong closing. View is negated if price closes below 1860 zone. Price may continue to trend higher to new highs
Bank of Maharashtra continues to trend higher as the fundamentals show continuous uptrend both bottom line and topline. Prev swing of 54 zone can be tested in times to come.
A consolidation and breakout of the range marked can open up possibility to test previous swing highs. However since the company is facing a lot of headwinds as mentioned in it's concall. The bottomline is also flat on a QoQ basis. About Deepak Nitrite Limited is a chemical manufacturing company. The Company offers Sodium Nitrite, 2 Ethyl Hexyl Nitrate and...
The issue with the stock is it is currently trading at High PE ratio. Buying at this juncture is not prudent considering the fact that topline is steady but bottom line is showing some concerns. About Devyani International Limited is the largest franchisee of Yum Brands in India and are among the largest operators of chain quick service restaurants in India on...
Hero Motocorp has broken trendline with increased volumes opening up the probability of retesting prev swing highs and ATHs
NIFTY IT had given a breakout of 31052 levels last week and this week it has confirmed the breakout through a strong continuation candle.
Sun pharma is probably resuming it's uptrend and approaching the multi-year level.
Breaking a resistance zone with a gap is breakway gap , COLPAL has broken this resistance trendline with a gapup opening
HDFC bank has bounced from support zone of 1560 and give a probable trendline break with good volume. A cross above O=H candle of 30-Aug ( 1604 level ) would confirm this.
Apollo hospitals has broken a trendline with increased volumes on daily time frame. It also closed above Prev week high.
Ultratech cement is consolidating above the previous swing highs. Such consolidations usually pave way of Breakout in the direction of trend. ( Trend continuation ). A strong close below 8073 levels would negate the view.
TVS motors continues to hit new highs as Market rewards it for its growth prospects. Probable higher targets are plotted using Fibonacci trend-based extension tool
DMART aims to maintain a run rate of 40 store openings per year. The cost per store is increasing due to rising real-estate costs and larger store sizes. The company's CAPEX per store is higher in FY'23 compared to FY'22. New Products: The company is testing a new store format called miniMAX, which offers both in-store purchases and store pickup options.
Infoedge has shown a technical bounce from the Multiple touchpoint zone of 4165. However from a fundamental perspective, there are issues on the profitability front on this stock.
IEX is showing signs of reversal on Weekly TF. A break of the trendlines marked with volume would confirm the breakout. IEX Expect 15% volume growth in FY '24, with Day Ahead Market and RTM segments driving growth.
On the weekly TF, Kotak Bank is range bound within ~300 points range.