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Jigar S Patel
Emami has broken out of a bearish trendline, suggesting that downward pressure has been alleviated, paving the way for a potential bullish move
In the previous trading session, it broke above the highs of the last four days, supported by a bullish divergence on the daily chart, which further strengthens the case for upward momentum
Havells has corrected 25 per cent in the past month, dropping 516 points from its peak of Rs 2,106
Recently, CG Power entered a corrective phase, leading to a healthy 175-point pullback, which represents about a 20 per cent decline from its recent high
In the past two months, Grasim has consistently encountered resistance around the 2,800 level, indicating that it struggles to break past this mark
BEML Ltd. has recently formed a triple bottom pattern near its 200-day Exponential Moving Average (DEMA), indicating strong support at this level
After peaking around 817, SBICARD saw a steep drop of nearly 78 points, marking a significant decline of around 10 per cent in its value
The nearly three-month-long bearish phase in BANKBARODA appears to be nearing its end, as a bullish pattern emerges on the daily chart
Recently, Adani Power broke through a key bearish trendline on the daily chart, suggesting a potential reversal in momentum from its previous downtrend.
Over the past few months, IDFC First Bank has consistently maintained a strong support level between Rs 70-71, despite several challenges from downward market trends.
Recently, IRCTC's stock price has been consolidating around its 200-day Exponential Moving Average (DEMA), which is often seen as a critical support level.
Over the past 7-8 weeks, Laxmi Organic Industries has been trading within a relatively narrow range of approximately Rs 235-270, indicating a period of consolidation.
Recently, Allcargo Logistics has formed a bullish Bat pattern, which is a harmonic chart pattern known for indicating potential reversals.
Between March 2023 and June 2024, Hikal Limited's stock was in a consolidation phase, trading within a relatively narrow range of Rs 260 to Rs 320
Borosil Renewables has recently experienced a significant price decline after reaching its peak near Rs 573, losing around 87 points, which translates to a 15 per cent drop.
After peaking around the Rs 101 mark in September 2023, the IDFC First Bank stock underwent a significant correction, dropping by 30 points, equivalent to a 29.34 per cent decline from its high.
In recent trading sessions, IndusInd Bank has demonstrated resilience by holding steady at its crucial historical support level of Rs 1,335
Nestle India and Lodha (Macrotech Developers) are among the top stock recommendations of Jigar S Patel of Anand Rathi
Since reaching a peak of approximately Rs 175 in May 2024, SAIL has been under significant selling pressure
Schaeffler experienced a significant decline after reaching its peak near Rs 4,950, dropping approximately 1,155 points, which translates to a substantial 23 per cent decrease in price