ICICI Bank remains strong on charts post delivering Q1 results last week
The overall trend of the stock has been sideways since the end of 2021. However, striking a new all-time high could spark the next rise in the stock.
New-age companies may rise up to 29 per cent in the forthcoming seasons as market sentiment improves amid record-breaking run in benchmark indies
Listed NBFC stocks are currently facing selling pressure at higher levels, show technical charts
Overall trend - the Nifty Small cap index continues to remain highly robust, with an intend to reach a new historic high.
The range breakout in both the indices have triggered fresh upside
Selective IT stocks may rise up to 22% in the upcoming sessions, as per their technical charts
Technically, when any stocks crosses crucial hurdles and witnesses accumulation at key supports, the trend is expected to witness robust upside ahead.
Delta Corp needs to cross the 200-DMA to regain the momentum, while Nazara Technologies must hold the 200-DMA as a support.
Defence related stocks continue to trade in overbought territory, as momentum sees elevated sentiment.
The counter may struggle to cross Rs 2,800-mark, which appears to be the next hurdle, but the current momentum is not suggesting any weakness.
Selective tyre stocks are displaying resilient chart structures, poised to scale higher levels from a medium-term perspective.
Market participants closely monitor the RSI to determine the strength based on 70 and 30 values. This assists in identifying instruments that are supposedly experiencing increased buying or selling.
Barring Eicher Motors, which is presently struggling near its 200-DMA; Bajaj-Auto, TVS Motor and Hero MotoCorp may rally up to 15%
Bank of Baroda shares hit a new 52-week high and are course to achieve all-time high
Pharm index has broken out on upside, with the positive rally anticipated to hit 14,450
For the S&P BSE Sensex and the Nifty50, the 200-DMA is placed at 60,570 and 17,947 levels.
The Nifty financial services index is poised to rally in the direction of 20,700 - 20,900 level, delivering an upside of 5 per cent.
The overall trend in these stocks remain positive, however crucial hurdles need to be conquered to rally further.
Shares of Delhivery and Craftsman Automation may rise up to 15% and 12%, respectively, show technical charts