Technically, stocks inversely proportionate to the benchmark indices' trend are safe to bet during weakness.
Unless major resistances are crossed, both the HDFC and Bajaj twins are likely to face selling pressure on up moves
Shares of Kamat Hotels India are on the course to double this year, while Royal Orchid Hotels and Oriental Hotels have both gained 30 per cent each.
The FMCG index has risen 10 per cent since the start of the current year, with ITC, Nestle India, Radico Khaitan, and Varun Beverages zoomed 31 per cent, 12 per cent, 11 per cent and 10 per cent each
Following a sharp reversal at the end of the April series, the BSE Sensex and Nifty 50 took a breather near to their respective the 200-day moving average (DMA) before offering the next leg of upside
While it is risky to be bullish on the stock trading in the overbought category, the underlying trend must to be followed at all time.
Indigo shares may hit a new historic peak once it settles over Rs 2,200 level.
Adani Enterprise , in particular, could see a rally of up to 11 per cent in coming sessions
The Smallcap index seems poised to hit the 10,000-mark.
Despite benchmark indices witnessing corrective phases in recent months, GAIL (India) and Power Grid Corporation of India, in particular, have been entering uncharted territories effortlessly.
Railway related stocks are poised for next leg of upside, shows techncial charts
Zydus Lifesciences, in particular, has been scaling 52-week highs with momentum staying highly elevated. Also, Aurobindo Pharma shares have seen a steeper rise, with aggressive chart structures.
Except for Hindustan Zinc, which hit a new historic peak in the Q4, others have remained laggards.
Select hotel stocks may rise up to 20 per cent in coming sessions, as per the technical charts
While the overall trend in the new-age companies has been negative, selective stocks are reflecting a robust comeback. If they succeed in restoring their optimistic faith, the price action may offer s
Major Non-Banking Financial Company (NBFC) shares could offer significant gains from a short-to-medium term perspective, as their present formations on technical charts illustrate a long-term upside.
Nifty Bank, in particular, has emerged as the front runner of the reversal rally. The banking index has gained 6.60 per cent and overcame vital hurdles in the recent sessions.
Nifty IT index may fall up to 3 per cent post hitting a new 52-week low, trend turns bearish.
Domestic sugar stocks may rally up to 25 per cent after crossing key hurdles
FMCG stocks may rise up to 17% once the index hits a new all-time high