FALLING CHANNEL PATTERN

GHCL, a small-cap chemical stock, hit a 52-week high in September 2023 but subsequently declined. After bottoming out in March 2024, the stock regained momentum but failed to sustain it. It witnessed resistance above 500 levels but found support abo...

After hitting a high of Rs 688 on July 4, 2023, the agrochemical stock lost its steam and before long it dropped steadily towards 400-450 levels in February and then again in March 2024. UPL has, apparently, formed a strong base above 400 levels fro...

Dalmia Bharat has seen a breakout from Falling channel pattern and a continuation of this can fuel momentum driving the stock towards 2,000-2,100 levels in the short- to medium-term. After hitting a 52-week high on December 14, 2023, the stock lost ...

As investors awaited the US CPI data scheduled for later in the day, gold prices for August futures contracts on MCX began the day unchanged at Rs 71,547 per 10 grams. In contrast, MCX July silver contracts have experienced a decline of Rs 6,800 sin...

Bata India Ltd, a key player in the footwear industry, has experienced a significant 17% drop from its recent high. Despite this, the stock is showing signs of stabilization and potential recovery.

Nifty on Wednesday ended 183 points lower near the 22,700 level as the index formed a dark cloud cover candlestick pattern on the daily chart.

Navin Fluorine hit a high of Rs 4,922 on May 15, 2023, but failed to hold the momentum. It witnessed a price-wise correction, which took the stock towards 3,000 levels. It witnessed a swift rebound after making a low on March 14, 2024, which helped ...

Nifty recouped its initial losses and managed to close in the positive zone.

Indian benchmark indices closed lower as banking stocks declined, with Sensex falling 455 points and Nifty dropping by 152 points. Top laggards included Nestle India, Titan, Axis Bank, NTPC, Tata Motors, and ITC.

The footwear stock hit a record high of Rs 2,261 on November 16, 2021, but failed to hold on to the momentum. It closed at Rs 1,341 on April 15, 2024, which translates to a 40% fall. If the stock stays above Rs 1,300, a possible bounce back towards ...

Hindalco Industries stock a 52-week high in January, but failed to hold the momentum. It found support around 500 levels in March and bounced back. In terms of price action, the stock is now trading well above most of the crucial short- and long-ter...

Average ticket size of UPI transactions fell 8% to ₹1,515, while average credit card ticket size rose 8% to ₹5,276, according to data from Worldline.

"We are seeing noticeable resilience in the IT pack amid the prevailing choppiness. Infosys is now catching up with the other performers viz. HCL Technologies and TCS. Traders can buy for a target of Rs 1820 in the next 1-2 months," Ajit Mishra, SVP...

ICICI Prudential Life Insurance Co. broke out from a falling trendline, aiming for a target of 689-690. The breakout was backed by support levels, moving averages, an inverse head & shoulder pattern, and bullish indicators. In terms of price action,...

The stock hit a record high of Rs 2,961 on 7th March 2024 but failed to hold the momentum. It witnessed mild profit taking but the trend is largely on the upside. The speciality chemical stock gave a breakout from a falling trendline resistance on t...

Benchmark equity indices closed lower as investors turned cautious ahead of key domestic and US inflation data. Power Grid Corp, Tata Steel, SBI, IndusInd Bank, NTPC, HDFC Bank declined, while Nestle India, Bajaj Finserv, Asian Paints, Tech Mahindra...

“MGL stock has been trading in a falling channel pattern and has recently confirmed a breakout on the weekly charts. Traders can buy for a target of Rs 1500-1600 in the next 3-4 months,” Gaurav Bissa, VP, InCred Equities, said.Stock Radar: Time to b...

Short-term traders, who can take higher risk, can look to buy the stock now for a possible target above Rs 830 in the next 3-4 weeks, suggested experts. The stock, which is also a part of the S&P BSE Smallcap index, hit a 52-week high of Rs 899 on N...

"Venkeys has been in a strong multi-year uptrend. The stock has recently witnessed a bounce from a 15-year ascending channel support. Traders can buy for a target of Rs 3000 in the next 12 months," Gaurav Bissa, VP, InCred Equities, said.Stock Radar...