Rajesh Bhosale
Rajesh Bhosale
Bhosale picked one banking stocks and one IT stock to buy on December 2, 2024
Bhosale picked one banking stock and one IT stock to buy on December 2, 2024
Bhosale recommends one auto stock and one fertiliser stock to buy today
Rajesh Bhosale of Angel One has recommended one auto stock and one hotel stock
Over the past four years, City Union Bank share prices have largely consolidated within a defined range.
Thermax has demonstrated impressive strength in a sluggish market, delivering a bullish range breakout on Friday, signaling a continued uptrend into next week
HDFC Life had already shown a bullish breakout on the weekly chart but consolidated within a rangedue to subdued market conditions
Since the March swing lows, prices of JK Paper saw a strong rally, doubling from Rs 320 to Rs 640. However, over the last couple of months, prices entered a correction phase
For over 8 months, CEAT has faced resistance around the 2,900 level. However, prices have now broken this range, confirming a strong 'Inverse Head and Shoulders' breakout
August was an action-packed month, initially marked by sharp declines as prices corrected from 25,000 to 24,000 in just three days
On the weekly chart, UPL has confirmed a bullish reversal pattern known as the 'Inverse Head and Shoulders
The bulls are back, as recent sessions have established a base around the key support of the 50-Day EMA, and last Friday's strong momentum suggests that prices are forming a structural bottom
On the daily chart, BSE has confirmed a bullish 'Inverse Head and Shoulders' breakout, supported by a significant increase in volume and favorable indicator placement
The Nifty has moved in a defined range of 24,000 - 24,400 throughout the last week; a breakout in either direct can trigger momentum, says Rajesh Bhosale of Angel One.
On the weekly chart, Patanjali has previously faced notable resistance near the Rs 1,700 level. However, despite challenging market conditions this week, the stock has experienced a significant break
Bulls continued their strong performance, extending their lead for the sixth consecutive week. Throughout the week, various sectors maintained optimism, while the benchmark index traded within a range
During early June, the Triveni Engineering stock prices surged notably from Rs 300 to Rs 400. However, following this spike, prices entered a consolidation phase attributed to overbought conditions
While the market appears to be in a strong bull run, the next move in the coming week might be challenging as oscillators across all major time frames are in overbought territory
On the weekly chart, Mahindra Logistics stock prices have confirmed a bullish reversal pattern breakout known as the Cup and Handle
Rajesh Bhosale, Equity Technical Analyst at Angel One, expects the Nifty to move in the this 23,200 - 23,600 range this week.