HAL HAL has given a trendline breakout. The breakout is supported by a rise in volume. RSI is moving in sync with the price and has given a trendline breakout. MACD has formed a bullish crossover and is sustaining above its zero line. All these observations are seen in the daily time frame. Price can rise up to 4170 and above that, it can rally up to 4230 -...
NMDC has given a horizontal line breakout. The breakout is supported by a rise in volume. RSI is moving in sync with the price and has given a falling trendline breakout. MACD has formed a bullish crossover and is sustaining above its zero line. The price is walking its upper Bollinger band. All these observations are seen in the daily time frame. Price can rise...
The stock has a daily RSI of 50.9, a weekly RSI of 50.5, and a monthly RSI of 50.1. The MACD has crossed above the signal line, and the volume is rising.
Bank Nifty started the week with a downward gap and extended earlier week's selling momentum however short covering along with buying support at lower levels. recovered some of the earlier losses. Bank Nifty Closed at 39598 with a loss of 887 points on a weekly basis. On the weekly chart the index has formed a bearish candle forming lower high-low compared to...
Nifty start the week on a flat note but continued its previous week's negative momentum to end the week on a weak note. Nifty closed at 17100 with a loss of 313 points on a weekly basis. On the weekly chart the index has formed a bearish candle with lower shadow indicating support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above...
OBEROIRLTY on the weekly chart has decisively broken out above the “Falling channel” at 880 with strong bullish candle Stock is well placed above 20, 50, 100 Stock is well placed above 20, 50, 100 and 200 daily SMA indicating positive momentum.. Stock also broken out above “Double Bottom” pattern on daily chart indicating a positive bias. The weekly strength...
SONATASOFTW on the weekly chart has decisively broken out above the “Rounded bottom” pattern at 750 level indicating a positive bias. Stock is forming a higher high-low on 3 March, 2023• Stock is forming a higher high-low on the weekly chart. This formation indicates a positive uptrend. The breakout is accompanied with an increase in volume confirming...
VBL on the weekly chart has decisively broken out above the “Consolidation zone” between 1350-1120. Stock is holding above lower band of 3 March, 2023• Stock is holding above lower band of medium term rising channel. It is heading towards upper band of rising channel. Stock holds above 38% Fibonacci Retracement of a rally from 540-1432 placed at 1100 forming a...
ABCAPITAL on the weekly chart has decisively broken out above the “Falling Channel” at 146 with strong bullish candle indicating a positive bias. Stock holds above 38% Fibonacci 3 March, 2023• Stock holds above 38% Fibonacci Retracement of a rally from 85-162 placed at 132 forming a medium term support zone. The breakout is accompanied with an increase in volume...
Bank Nifty started the week on flat note and remained in a narrow range throughout the week, indicating lack of strength on either side. Bank Nifty closed at 42437 with a gain of 300 points on a weekly basis. On the weekly chart the index has formed a small Bullish candle forming a higher high low compared to previous week and has closed above previous weeks...
Nifty started the week on a flat note and remained lackluster within a narrow trading range throughout the week nifty closed at 18308 with a loss of 42 points on a weekly basis On the weekly chart the index has formed a small bearish candle carrying shadows on either side representing extreme volatility The chart pattern suggests that if Nifty crosses and...
On the weekly time frame the stock has decisively broken out above "Multiple Resistance Zone" form around 400 level. Stock was consolidating above the breakout area between 445-380 in this week it broke above this consolidation range indicating stock may pick up an upside momentum. This breakout is accompanied with rising volume, which normally dried up during...
Nifty started the week on positive note and traded with extreme volatility on either side for most part of the week, however buying momentum at lower levels pulled index higher to close on positive note. Nifty closed at 18350 with a gain of 233 points on a weekly basis. On the weekly chart the index has formed a bullish candle with a lower shadow indicating...
Bank nifty started the week on a positive note and traded with extreme volatility on either side throughout the week. Bank nifty closed at 42137 with a gain of 879 points on weekly basis. On the weekly chart the index has formed a small bullish candle forming a higher high low compared to previous week and has closed above previous weeks high indicating positive...
The Infra sector has been in the limelight and is seen outperforming broader markets. Nifty Infra index is at the cusp of breaking above last one year range. Within the Infra space we expect the cement stocks to witness catch up activity, among the large cap cement stocks our preferred pick is Ultratech cement which we expect to outperform The stock has generated...
Bank Nifty started the week on a positive note and traded with extreme volatility on either side throughout the week. Bank Nifty closed at 41258 with a gain of 268 points on weekly basis. On the weekly chart the index has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The chart...
Bank Nifty started the week on a positive note and traded with extreme volatility on either side throughout the week Bank Nifty closed at 41256 with a gain of 268 points on a weekly basis On the weekly chart the index has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. the chart...
Bank Nifty started the week on a flat note but continued its previous week's positive momentum to end the week on a strong note. Bank Nifty closed at 40416 with a gain of 995 points on a weekly basis. On the weekly chart the index has formed sizable bullish candle forming higher high-low compare to previous week indicating positive bias. The chart pattern...