Maruti today hit a new 52-week high, the volumes have spiked up significantly opening up chances of a breakout.
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...
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.
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.
Coforge produced a strong bull day yesterday , bouncing from support trendine with increased volumes
L&T hitting 52W high yet again is a sign of Infrastructure boom underway
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
Nifty is making downtrending structure within a larger uptrend. Price compression will eventually result in breaking out of the levels marked.
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.
Biocon is planning to list it's biosimilar business
Banknifty futures is currently near prev breakout zone. Price action in this zone is crucial for further directional clarity.
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).
Birlasoft has witnessed high delivery percentage in last 3 month and is among the outperformers.
ITC has broken the steep trendine on weekly TF and probably is heading towards it prior breakout zone of 430.
Post change in polarity of the falling trendline, Nifty has been taking support on the rising trendline.
GE Power is a world energy leader that provides technology, solutions and services across the entire energy value chain from the point of generation to consumption.
HDFC Bank chart parting is suggesting a ascending triangle formation. Since price is forming higher lows after every rejection from same resistance, the probability of an upside breakout is increasing.
Welspun India Limited (Welspun) is an India-based company, which is engaged in the textile business. The Company manufactures a range of home textile products, primarily terry towels, bed linen products and rugs. Its segments include Home Textiles and Power. The Home Textiles segment includes terry towels, bed sheets, pillows cases, rugs, carpets and others used...