RADARS
Exploring lunar caves: Scientists discover potential homes for future
Scientists have detected a large underground cave near the Apollo 11 landing site on the moon. The cave, potentially 130 feet wide, could offer protection from cosmic radiation and other hazards for future lunar missions. NASA and other countries are eyeing the moon for exploration and research.
F&O Radar: Deploy Bull Call Spread in Bajaj Auto to capitalize on potential upmove
In June, Bajaj Auto's stock peaked at Rs 10,038 before declining to Rs 9,390, where it found support. It later closed above its 10 and 20-day EMAs, breaking out of a downward channel formed after reaching its peak.
Stock Radar: HDFC Bank loses momentum after hitting record high in July; what traders should do
HDFC Bank's stock hit a record high of Rs 1,791 on July 3rd following a strong June quarter business update, but then fell over 9% to Rs 1,624 by July 12th. The bank on 4th July said its gross advances registered 53% year-on-year growth at Rs 24.87 lakh crore in the first quarter. The same stood at Rs 16.3 lakh crore in the last-year quarter.
Russia destroys British-made AFU AS-90 and German IRIS-T in a deadly attack on Ukraine, watch!
Russian Armed Forces' UAV operators identified and destroyed a German-made IRIS-T surface-to-air missile system near Voloske in Dnipropetrovsk Oblast. Drone footage released by the Russian Defense Ministry captured the anti-aircraft system exploding into a...
Stock Radar: 250% rally in a year! BHEL gave a range breakout on daily charts; time to buy or book profits?
BHEL broke out from a narrow consolidation range since May 2024 on daily charts, signaling potential for new 52-week highs. Experts suggest short-term traders consider buying with a target of Rs 365 in the coming weeks. The scrip surged from Rs 93 on July 11, 2023, to Rs 332 on July 11, 2024, marking a 256% increase in a year.
Stock Radar | HOEC breaks out after 4-month consolidation; time to buy?
“The stock witnessed a fresh breakout above the Inverted Head & Shoulder pattern on short term charts. Traders can buy for a target of Rs 278 in the next 1-2 months,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.Stock Radar | HOEC breaks out after 4-month...
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Stock Radar: HOEC breaks out from inverse Head & Shoulder pattern; likely to hit fresh 52-week high
HOEC broke out from an inverse head and shoulders pattern after nearly four months of consolidation on daily charts. Experts foresee potential for the stock to reach around Rs 270 in the next 1-2 months. The stock hit a 52-week high of Rs 258 on August 11, 2023, but failed to maintain momentum, undergoing a correction for nearly 6 months.
Stock Radar: This cement stock breaks out of Pole & Flag pattern to hit record highs; time to buy?
After surging over 60% in a year, the cement stock broke out of a classic Flag pattern this week, propelling it to a new record high of Rs 2,836 on July 11, 2024. This breakout, recognized as a bullish continuation pattern in technical analysis, indicates the potential for further upward momentum.
Stock Radar: FMCG stocks in focus! Tata Consumer forms strong base above 1000 since March; time to buy?
The FMCG stock hit a record high of Rs 1,269 on March 7, 2024, but soon after the rally lost steam. Treading below the 20- & 30-week moving average, it found support above the 1,000 level. This is the level in which it has consolidated in a range since April on the weekly charts. So, technically, it has formed a strong base and is ready for a rebound.
Stock Radar: Contra buy? This private sector bank is down over 20% from highs
The bank stock soared to a 52-week high of Rs 263 in January 2024 but then tumbled over 22%, closing at Rs 204 in July. Despite briefly dipping to Rs 170 in April, the stock rebounded and now sits above its 50-day moving average.
Stock Radar: This high-flying aerospace stock witnesses range breakout; time to buy or book profits?
Over the past year, HAL shares have surged 197%, rising from Rs 1,867 on July 5, 2023, to Rs 5,552 on July 5, 2024. Post reaching a high of Rs 5,585 on June 19, 2024, the stock experienced a slight pullback but continued its upward trajectory. It found support above the 5-day moving average, and a buy signal was triggered by the Supertrend indicator on June 18, 2024, suggesting sustained momentum.
Hot Stocks: Brokerage view on Emami, Godrej Consumer, Affle, Tech Mahindra, and others
Citi maintains a sell rating on Persistent (TP: Rs 3,080). Q1 shows strong growth but expects sequential margin decline, with Q2 at risk due to wage hikes. Market worries over FY25 margins and stable TCV. Despite a 24% rise, stock beats IT index by 17%. UBS reiterates buy on Dr. Lal Path Labs (TP: Rs 3,500). Potential growth reinvestment not priced in, Tier-3 markets perform well.
F&O Radar | Deploy Debit Spread in Ipca Labs to play potential upward rally
Ipca Laboratories' stock price traded within a range around the Rs 1,360 level during April and May. However, it subsequently trended downward on the daily chart, forming lower highs and lower lows. The stock found support at Rs 1,075 and rebounded. A double bottom-like formation on the daily chart suggests a possible trend reversal.
Stock Radar: Multibagger in a year! REC breaches 3-week consolidation; time to buy?
The stock price surged 242% from Rs 164 on July 4, 2023, to Rs 562 on July 3, 2024, reaching a record high of Rs 607 on June 3, 2024. However, it couldn't sustain the momentum and consolidated around Rs 500 for three weeks before finally breaking out this week.
Stock Radar: Wipro eyeing a breakout above February 52-week high; time to buy?
Wipro hit an all-time high of Rs 739 on October 14, 2021, but the rally lost steam immediately after. Nearly three years later, it rallied to a 52-week high of Rs 546 on February 19, 2024. Since then, the stock has been facing a price correction. However, it has bounced back after retesting the 200-week Exponential Moving Average on the weekly charts.
New Cuban radar site near US military base could aid China spying, think tank says
Cuba is constructing a new radar site near Santiago de Cuba, capable of monitoring U.S. military activities at Guantanamo Bay, according to satellite imagery analyzed by a Washington think tank. The facility, set east of Santiago de Cuba and due to be operational soon, could track signals up to 8,000 miles away. The development raises concerns about China's strategic interests, despite denials from Cuban officials. This site adds to suspicions of increased Chinese surveillance capabilities in Cuba, targeting U.S. military and space operations.
F&O Radar: Deploy Bull Call Spread in Nifty to play potential up-move
The Nifty50 formed higher lows for six sessions, pausing after a 900-point surge. It hit a new high of 24,236 but showed a small bearish candle on the daily chart. On the options front, the maximum Call Open Interest (OI) is at the 24,500 and 24,200 strikes, while the maximum Put OI is at the 24,000 and 24,100 strikes.
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 above 50 and 100-DMA in May and June, respectively, on the daily charts. In terms of price action, the stock is now trading well above most of the crucial short- and long-term moving averages such as 5,10,30,50,100, and 200-DMA — a positive sign for the bulls.
Stock Radar: TCS showing signs of bottoming out; likely to reclaim 4,000 level
The IT stock hit a high of Rs 4,254 on the S&P BSE Sensex on March 18, but experienced a subsequent decline, reaching levels around 3,500 points. A rebound followed, with the stock reaching a low of approximately 3,600 points on June 4, 2024. A steady rise ensued, propelling the stock to reclaim its 50-day moving average on the daily charts — a significant technical level. A buy signal generated by the Supertrend indicator on June 27, 2024, further suggested that the upward momentum was likely to continue.
IMD plans 3 more radars in Delhi-NCR to improve forecasting capability
In the next two to three years, Delhi-NCR will receive three more Doppler radars, a flood warning model, additional weather stations, and rain gauges to enhance weather forecasting, as announced by IMD chief Mrutyunjay Mohapatra. He clarified that recent heavy rains were not a cloudburst but approached the threshold, attributing the extreme weather event to multiple monsoonal systems and thermodynamic instability.
DRDO hands over to Navy niche technology that obscures radar signals
MR-MOCR technology, developed by DRDO, enhances Indian Navy's defense capabilities by reducing radar detection. It includes microwave obscurant properties and successful trials demonstrating radar cross-section reduction. The achievement marks a significant step towards self-reliance in defense technology.
Israel defence exports hit record $13.1 billion in 2023
Israeli defence exports reached a record high of $13.1 billion in 2023. The exports were driven by missile and air defence systems, radar, electronic warfare, and other technologies. The Defence Ministry emphasised the importance of strengthening security relations globally, entering new markets, and reducing regulatory obstacles. Defence Minister Yoav Gallant highlighted the industry's dual focus on supporting national security and pursuing international partnerships through exports.
US military says destroyed Huthi radars, vessels
The US military destroyed two Huthi uncrewed surface vessels, one drone, and seven radars in the Red Sea. The Huthis, backed by Iran, have launched numerous drone and missile strikes in retaliation od the Israel-Hamas conflict. This has prompted coalition forces' reprisal strikes and the formation of an international coalition to safeguard shipping lanes. The move has caused casualties and humanitarian crises in Yemen.
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