FALLING CHANNEL PATTERN
Stock Radar: GHCL breaks out of Triangle Pattern, eyes fresh 52-week high 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...
03 Jul, 2024, 05.00 AM ISTStock Radar: 20% rally in 3 months! UPL breaks out of a downward sloping channel; should you buy? 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...
27 Jun, 2024, 06.35 PM ISTStock Radar: 20% fall from highs! Dalmia Bharat breaks from Falling channel; time to buy? 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 ...
13 Jun, 2024, 03.56 PM IST
Stock Radar: Bata India showing signs of bottoming out after 17% fall from highs; time to buy? 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.
11 Jun, 2024, 03.33 PM ISTTech View: Dark cloud pattern seen on Nifty charts. What traders should do on Thursday expiry 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.
29 May, 2024, 05.41 PM ISTStock Radar: Contra buy? Navin Fluorine reclaims 100-DMA after 30% fall from high 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 ...
09 May, 2024, 01.19 PM ISTPrivate sector banking stock set to give 7% gains to it stockholders Nifty recouped its initial losses and managed to close in the positive zone.
26 Apr, 2024, 04.57 PM ISTBanking blues, investor jitters drag Sensex down for fourth day straight 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.
18 Apr, 2024, 04.23 PM ISTStock Radar: Down 40% from peak! Bata India forms bullish reversal pattern; time to buy? 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 ...
18 Apr, 2024, 01.14 PM ISTStock Radar: Hindalco breaks out from Symmetrical Triangle pattern; poised for record highs 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...
16 Apr, 2024, 02.36 PM ISTSmall merchants join UPI, size of payments falls 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.
04 Apr, 2024, 05.48 AM ISTStock Radar: ICICI Prudential Life gives a breakout from bearish channel on weekly charts; time to buy? 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,...
18 Mar, 2024, 06.48 AM ISTStock Radar: Breakout from inverted Head & Shoulder pattern makes this speciality chemical stock an attractive buy 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...
12 Mar, 2024, 06.57 AM ISTStock market crash: Rs 3.15 lakh crore wiped off! Bank, Tata stocks drag Nifty below 22,350 mark 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...
11 Mar, 2024, 05.01 PM ISTStock Radar: Down 20% from highs! This smallcap stock is showing signs of bottoming out; time to buy? 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...
25 Jan, 2024, 06.38 AM ISTSensex falls for third day, ends 314 points lower dragged by financials Nifty Financial Services dropped 1%, as HDFC Bank lost 3%, extending declines from its worst session in over three years on Wednesday. The IT index fell 0.6%, dragged by a 10.7% decline in LTIMindtree after it missed December-quarter profit estimate...
18 Jan, 2024, 04.20 PM ISTStock Radar: Breakout from inverse Head & Shoulder pattern makes Symphony an attractive buy Short-term traders can look to buy Symphony stock for a possible target above Rs 1000 level in the next 5 weeks, suggested experts. It hit a 52-week high of Rs 1,218 on March 1, 2023, but failed to hold on to the momentum. The stock closed at Rs 933...
17 Jan, 2024, 06.49 AM ISTSensex snaps 5-day winning streak, slides 199 points dragged by IT stocks IT stocks took a breather, falling 1.3%, after jumping 7.1% in the last two sessions on the back of better-than-expected results from the top four software companies. HCLTech, Wipro, Infosys, Tech Mahindra, and TCS were among the top Sensex losers, ...
16 Jan, 2024, 04.22 PM ISTStock Radar: 20% rally in 3 months! This metal stock breaks out from a falling trendline; should you buy? Vedanta Ltd has rallied over 20% in the last 3 months, breaking out from a falling trendline pattern. Short-term traders can buy the stock now, with a target of Rs 295-300 in 4-6 weeks. The stock rose from Rs 227 to Rs 274 in 3 months, and it has ri...
15 Jan, 2024, 06.35 AM ISTStock Radar: Venky’s sees a breakout from falling channel pattern on monthly charts. Is it a long-term buy? Venky’s stock has a strong base around Rs 1400 and immediate support is seen around the Rs 1950-2000 mark. Additionally, it has seen a breakout from a falling channel pattern on the monthly charts. The stock jumped above the 50-month moving average ...
19 Oct, 2023, 06.46 AM IST