DAILY CHART
Stock Radar | Grasim records Pole & Flag breakout on daily charts; time to buy?
“Cement stock in action which should add to the momentum. Grasim stock has been making higher highs from the last 16 months. Traders can buy for a target of Rs 2900 in the next 2-3 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financi...
Tech View: Confused Nifty awaiting breakout on either side. Here’s how to trade on Friday
Despite fluctuations, the Nifty maintains an overall upward trajectory. A decisive move beyond 24,500 is projected to trigger further gains, potentially reaching 24,900 in the near future. The current support level stands at 24,150.
Tech View: Nifty Put unwinding suggests correction ahead. Here’s how to trade on Thursday
Nifty on Wednesday formed a bearish engulfing pattern on the daily chart as the index ended 109 points lower but sustained above the immediate support of 10-day EMA around 24,180 levels ahead of the Thursday weekly expiry.
Stock Radar: 200% rally in a year! Anant Raj breaks above 17-year consolidation period to hit fresh record highs; what should investors do?
Anant Raj Ltd, part of the realty sector, has seen a remarkable rally of over 200% in a year, breaking out from a 17-year consolidation. Experts suggest short-term traders consider buying the stock for potential gains above Rs 600 levels in the next few weeks.
Tech View: Nifty forms long bull candle, may test 24,580-24,640. Here’s how to trade on Wednesday
Nifty's upward momentum is expected to continue after surpassing the key resistance level of 24,400. According to Nagaraj Shetti of HDFC Securities, the index could reach 24,960 in the near term, with immediate support at 24,250.
Stock Radar: HDFC Life hovering near 200-DMA on daily charts; likely to hit fresh 52-week highs soon
HDFC Life Insurance Company shows signs of momentum as it nears the 200-DMA level. Traders advised to watch for a breakout above Rs 612 for potential further gains. Experts suggest a short-covering rally towards Rs 720-Rs 750 levels.
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Tech View: Nifty charts hint at indecisiveness; key hurdle at 24,400; here’s how to trade on Tuesday
Nifty's short-term outlook remains positive, with a potential range-bound movement in the coming sessions. However, a decisive move above 24,400 could spark a significant market rally, according to HDFC Securities' Nagaraj Shetti.
Tech View: Nifty bulls strong till 24,200. Here’s how to trade next week
With the underlying trend of Nifty being positive, possibility of an upside breakout around 24,400-24,500 levels in next few sessions looks plausible. Analysts see immediate support at the 24,170 level.
Tech View: Nifty traders await breakout on either side. Here’s how to trade on Friday
The overall trend of Nifty remains positive as per smaller to larger time frame chart. Having placed at the hurdle of around 24400 levels (1.618% Fibonacci Extension), there is a possibility of this consolidation/minor dip extending for the coming sessions. Immediate support is at 10 day-EMA at 23,990, said Nagaraj Shetti of HDFC Securities.
Stock Radar: Cholamandalam Finance Holding hits fresh record high in July; time to buy or book profits?
Cholamandalam Financial Holdings stock is poised for remarkable growth, breaking free from a volatility pattern to soar towards the 1700 target. Investor interest surges as bullish momentum indicators align, with a strategic stop loss at 1270 ensuring risk management. The stock's chart structure and ratio analysis against NIFTY only reinforce its upward trajectory.
Tech View: Nifty needs a decisive move above 24,400. Here’s how to trade on Thursday
Nifty ended Wednesday’s session with a gain of 163 points to form a small negative candle but broke out of a sideways consolidation movement on the daily chart ahead of Thursday’s expiry.
Tech View: Nifty bulls getting tired at peaks. Here’s how to trade on Wednesday
Nifty ended Tuesday’s session with a small loss of 18 points to form a small red candle on the daily chart which indicated that bulls are getting tired at peaks.
Tech View: Nifty bulls using intraday dips to go long. Here’s how to trade on Tuesday
Positive chart pattern like higher tops and bottoms is intact. The underlying trend of Nifty remains positive. The market is racing towards the next upside target of 24,400 levels in the near term. Immediate support is placed at 23,980 levels, said Nagaraj Shetti of HDFC Securities.
Tech View: Nifty breaks 4-day winning streak. Here’s how to trade next week
Nifty ended Friday’s session with a loss of 34 points and broke the four-day winning streak by forming a small-bodied red candle.
Tech View: Nifty forms ‘3 Advancing Soldiers’ pattern. Here’s how to trade on Thursday expiry
Nifty ended Wednesday session 147.5 points higher and formed a new peak at 23,889 level to form a long bull candle on the daily charts.
Tech View: Nifty breaks key hurdle after 2 weeks. Here’s how to trade on Wednesday
Nifty maintains positive momentum, poised for potential breakout towards 24,000 with immediate support at 23,550, says HDFC Securities analyst. According to experts, Nifty moved above 23,700 to make a new all-time high of 23,754, showing resilience amid global sluggishness.
Tech View: Nifty may test 23,700 in short term. Here’s how to trade on Tuesday
Nifty maintains positive momentum, aiming for the 23,650-23,700 range with immediate support at 23,350, according to HDFC Securities' Nagaraj Shetti.
Tech View: Nifty chart shows bearish candle formation. What traders should do on Monday
Nifty struggled to hold above the day’s opening range, indicating bullish sentiments going sore on the Summer Solstice Day, observed experts.
Tech View: Nifty giving non-directional moves. Here’s how to trade on Friday
According to experts, the short-term trend of Nifty remains positive despite high volatility. After surpassing the resistance level of 22,250, the index shows a probability of moving towards the next resistance at 23,200 in the near term. Immediate support is at 22,640
Tech View: Nifty forms bearish engulfing pattern. Here’s how to trade on Thursday
Nifty placed at the highs, but that’s not any confirmation of any significant reversal pattern building at the highs. Again, weakness below 23,300 levels could be considered as a short-term top reversal pattern.
Tech View: 23,500 key support for trend-following traders. Here’s how to trade on Wednesday
As it has sustained above the hurdle of 23,515 levels, it is expected that Nifty would move towards the next resistance of 1.786% Fib extension at 23,950 levels in the near term. The immediate support is placed at 23,450.
Tech View: Nifty forms long bull candle on daily chart. Here’s how to trade next week
Nagaraj Shetti of HDFC Securities noted that the market has reached an overhead resistance at around 23,300-23,400 levels, suggesting a potential minor dip in the short term, which could present a buying opportunity. He identified immediate support at the 22,900 level.
Stock Radar: Granules stock rallies 50% in 1 year! Takes support above Rising Wedge formation
The stock rose from Rs 276 as of May 26, 2023, to Rs 434 on May 26, 2024. The pharma stock hit a record high of Rs 480 on 26th February but the momentum fizzled. It witnessed a steady decline, which took the stock below 50-DMA on the daily charts. After remaining range-bound for the past few months, the stock took support above the broadening Rising Wedge formation in May and bounced back.
Stock Radar: Multibagger in a year! This construction company likely to retest February 2024 highs
HCC hit a 52-week high of Rs 46, found support above 200-Days EMA, forming a Symmetrical Triangle pattern. Breakout suggests more upside.
New 'Nostradamus' predicts exact date of World War 3. Who is he? Know about 'real' Nostradamus and his prophesies
Kushal Kumar is an Indian astrologer who claims to have predicted some world events. He uses the Vedic astrological chart to do so. The Vedic astrological chart is popular in Hindu culture, and it is supposed to be a “map of our karma” using planetary and star alignment.
Tech View: Nifty forms hammer candle on daily chart. What traders should do on Tuesday
According to experts, the band of 22,300-22,320 may act as a resistance for Nifty while the low of 21,821, registered on Monday, would remain support for it in the short term.
Stock Radar: Multibagger in 1 year! This metal & mining stock hits fresh multi year high in May; time to buy?
NMDC's stock performance saw a significant surge, doubling investors' wealth in the metals and mining sector. The breakout to a multi-year high attracted short-term traders eyeing a Rs 355 target, supported by bullish indicators like RSI and MACD.
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