Technical charts suggest that heavyweights TCS and Infosys seem to be favourably placed, while Wipro could face some downward pressure. Check key levels here.
The Nifty 50 Index is experiencing a downward trend in the near term. However, the index is approaching a strong support zone at 24,800
Reliance Industries stock traded below the 200-DMA in Navratri 2023, and has now once again slipped below the key long-term moving average after almost a year. Check key support levels for RIL here.
ONGC, Oil India, GNFC, Tata Chemicals and Sun Pharma are among the 9 stocks that could rally up to 20%, suggests technical charts. Check key support and resistance levels for these stocks here.
Time be cautious? In the past, the NSE Nifty 50 index has plunged as much 65% from its high after the monthly RSI peaked above the 80-mark. At present, Nifty monthly RSI stands near 83.
BDL, Siemens and Colgate Palmolive among 5 stocks that look favourably placed on the technical charts for short-term gains; check key support, resistance levels here.
Hindalco, SAIL and Hindustan Copper seem to be favourably placed on the technical charts and can potentially rally up to 13 per cent from present levels; check key support and resistance levels here.
Nifty trend in 2024: The NSE benchmark has corrected as and when the difference between the spot Nifty and its 200-DMA expanded beyond the 13%-mark. Here's all you need to know.
Technical chart suggests that ACC, IRCTC, PND and Aarti Industries could slide up to 28% from present levels owing to formation of 'Death Cross' on the daily chart; a long-term bearish indicator.
Voda Idea stock is seen trading below its key moving averages and now testing key support levels on the monthly scale, levels not violated since December 2021; check key levels here
The Nifty Energy Index is showing a bearish trend in the near term, as indicated by multiple technical indicators such as RSI, MACD, and Stochastic, which all suggest further downside movement.
The Nifty IT index had shed 3% on Wednesday ahead of the US Fed policy decision. Here are the key pivot points to track on top IT stocks with potential upside and downside targets as per charts.
Among existing gainers, Divi's Lab and Shriram Finance seem poised for further gains, whereas losers IndusInd Bank and Nestle too look promising on technical charts; check key levels.
F&O Cues: Granules India has shed 20.8% on the back of 78% increase in OI in the last four days; here's a trading guide for stocks with short buildup in the September series.
Technical chart flag caution at the Bajaj twin counters owing to formation of a 'Bearish Engulfing' candlestick pattern on the daily scale; check key support, resistance levels here
Technical charts suggest that the bias for Gold is likely to remain positive as long as Rs 73,100 holds; while in case of Silver the bullish pivot stands at Rs 89,000.
The BSE Sensex, NSE Nifty can gain another 2% from present levels; while the Nifty IT index could see a sharp 6% rally; suggests technical charts.
KIMS, Monarch Networth can potentially rally up to 11% from adjusted stock price; whereas, Bigbloc Construction and Andhra Papers may witness weakness in the near-term; suggests technical charts.
The Bollinger Bands on the daily scale had contracted to an extremely narrow range of Rs 1,620 - Rs 1,655; thus warranting a breakout in the near-term. Here are the key levels to watch out now.
Here's a technical outlook on stocks linked to crude oil prices, which is down 23% from its peak and trades near 3-year lows. Among stocks, Asian Paints and MRF look favourable on charts; here's why.