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spvijay Updated 

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.

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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

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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.

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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.

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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.

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On the weekly TF, Kotak Bank is range bound within ~300 points range.

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Maruti today hit a new 52-week high, the volumes have spiked up significantly opening up chances of a breakout.

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First Source Solutions is a global provider of business process management services. The company offers wide range services in area of banking and financial services, telecommunications and media and the healthcare industry. The company has over 18,500 employees working across its 36 centres located at India, US, UK, Argentina and the Philippines. From a...

spvijay Updated 

HFDC bank bounced from 1580 support yesterday and if it gives a follow up and breaks the trendline marked on the chart then the probability of it heading towards 1700 zone increases. If it does not sustain 1580 zone and breaks it on the downside, then 1540 zone is the next support zone.

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Asian paints has bounced from support and showing signs of reversal. It probably can rally upside due to upcoming festive season demand esp in Home decor segment.

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Coforge produced a strong bull day yesterday , bouncing from support trendine with increased volumes

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L&T hitting 52W high yet again is a sign of Infrastructure boom underway

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Nifty futures moving is lower with lower volumes. Indicating a possible pause and reversal. The price closing above previous week high would confirm the reversal and resumption of uptrend

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Nifty is making downtrending structure within a larger uptrend. Price compression will eventually result in breaking out of the levels marked.

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On the daily TF, Nifty is showing a sell on rise structure respecting the trendline ( marked in red ) , it has also broken the blue color trendline.

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Biocon is planning to list it's biosimilar business

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Banknifty futures is currently near prev breakout zone. Price action in this zone is crucial for further directional clarity.

spvijay

FINNIFTY had broken trendline on Weekly TF previous week and this week it has given a continuation. This opens a probable target of 19500 zones ( which was previous breakout zone).