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 "Osho Krishan")
Osho Krishan is a seasoned expert in technical and derivative research, currently serving as Senior Analyst at Angel One. Previously, he honed his skills at Anand Rathi Shares & Stock Brokers. Osho's in-depth knowledge and expertise have significantly impacted investment decisions, making him a respected name in the financial sector.
Additionally, the counter has surpassed its recent swing high, coinciding with earlier breakout zones, backed by rising volumes
Recently, the stock has demonstrated a strong bullish gap, showcasing its ability to maintain a position above all major EMAs on the daily chart, which supports a positive outlook
HAL has undergone a corrective phase from its peak of Rs 5,659 towards the 200 SMA on the daily time frame chart, coinciding with the previous breakout zone. In the last couple of trading sessions
Canara Bank has showcased a strong resurgence from the pivotal support of 200 SMA on the daily time frame chart and has bounced to witness a sloping channel breakout
Marico has showcased a strong resurgence from the pivotal support of the previous breakout on the daily time frame chart and has soared to record-high levels.
On the lower end, there has been an ascend to the support zone, starting from 24,750-24,700, followed by 24,650- 24,600 with anticipation of dips auguring well for the bulls.
Apollo Tyres has recently experienced a notable decrease from its peak of 568 to approximately 200 SMA on the daily time frame chart.
There have been insignificant alterations to the price action for Nifty, though the overall market breadth turned a bit exhaustive, indicating a sign of caution.
IEX witnessed a substantial increase in price in the last couple of trading sessions from the 21 DEMA on the daily chart.
From a technical perspective, it is worth noting that Nifty has formed a 'Shooting Star' on a weekly time and a 'Bearish Engulfing' on a daily time frame at record highs
DMart witnessed a substantial increase in price in the last couple of trading sessions from the 21 DEMA on the daily chart.
MIDHANI witnessed a decisive breakout in the last trading week, soaring nearly 8 percent. The counter has witnessed very strong traction its 21 DEMA after consolidating near the 20 DEMA
The Indian equity market demonstrated robust performance throughout the week, with broad market participation creating a strong and positive trading environment
PVR Inox has seen a volume-backed resurgence after the substantial consolidation seen in the last couple of trading weeks near its key support short-term EMAs
The benchmark index stayed put on the higher grounds, registering fresh highs, but the intense bout of profit booking on the last day led Nifty to have a subdued weekly closure at 22475, procuring a m
Stocks picks by Angel One: Fortis Healthcare is in a secular uptrend, hovering above its EMAs (Exponential Moving Average) on the daily time frame chart
