TECHNICAL BOUNCE BACK
Stock Radar: Hindustan Unilever could hit fresh record high in July series; here’s why
Hindustan Unilever is poised for growth, supported by strong technical indicators and positive derivatives data. With potential for fresh highs, the stock is showing resilience after a short correction and is expected to perform well in the July series.
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.
Stock Radar: 107% rally in 1 year! This IT stock is showing signs of bottoming out post 4-month fall; time to buy?
Stocks of IT company Birlasoft hit a high of 861 in February 2024 but failed to sustain the momentum. It has recorded a 107% rise in one year till June 10, 2024.
Stock Radar: 40% rally in a year! This FMCG stock bounced back from 200-EMA; time to buy?
Tata Consumer Products, in FMCG space, saw profit-taking but stock up 40% in a year. Rally not over. Stock reached 52-week high of 1269 in March 2024. Analyst recommends accumulating stock in range 1120-1140 for target of 1325-1330 levels with stop loss below 1050. Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own.
8 PSU stock ideas from Anand James to play the next round of upside
VIX has almost halved, from the peaks seen on the election results day, suggesting that volatility expectations have significantly eased. However, VIX is still above the levels seen a month before the results, indicating that caution has not been entirely abandoned. Nifty is now at record peak, post a three consecutive day rise that erased a single day drop of over 8% during last week.
11,000% rally! Smallcap multibagger stock turns Rs 10,000 to Rs 11 lakh in 10 years
Refex Industries, a manufacturer of refrigerant gases, witnessed a remarkable 11,000% stock rally in the last decade. Recent data shows a 33% rise in shares in the last six months and a 44% increase in the last year.
- Go To Page 1
TRADERS’ CORNER: Pharma stock promises 6% profit; food delivery player steps ahead with 7%
Nifty opened positive but volatility gripped it soon. But it maintained its gains to close positive.
Stock Radar: Over 200% rally in a year! This multibagger Adani group company is a good buy-on-dips stock; here’s why
The power stock rose from Rs 255 in June 2023 to Rs 874 in June 2024, showing an upside of over 240% in a year. It has been gaining momentum in the past few months, rising over 13% in a week, more than 30% in a month and over 40% in the last 3 months.
Stock Radar: Over 200% rally in a year! This multibagger Adani group company is a good buy-on-dips stock; here’s why
The power stock rose from Rs 255 in June 2023 to Rs 874 in June 2024, showing an upside of over 240% in a year. It has been gaining momentum in the past few months, rising over 13% in a week, more than 30% in a month and over 40% in the last 3 months.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
D-Street settled at record closing high on Monday, led by financials, index heavyweight Reliance Industries and energy stocks. The volatility indicator ended 15% lower as exit polls predicted that PM Narendra Modi will retain power with a landslide victory. Momentum indicator Moving Average Convergence Divergence showed bullish trade on the counters of Amines & Plasticizers, Advait Infratech, and AMIC Forging, among others.
TRADERS’ CORNER: Banking major lends support for 5% rise; engineering stock makes base for 7% gain
Nifty formed its day’s high in the early minutes and then remained in a capped range. It closed with a modest gain.
Stock Radar: Up 40% from March lows! V-shaped recovery pushes FMCG scrip to fresh 52-week high in May
Shares of FMCG major Emami hit a high of Rs 588 on January 1, 2024, but failed to hold the momentum on daily charts. The scrip witnessed a steep fall toward 400 levels and quickly bounced back. Short-term traders can look to buy the stock now for a target of Rs 725 over the next 1-2 months, advise experts.
Ahead of Market: 10 things that will decide D-St action on Monday
Nifty formed a long-legged Doji candle on the daily charts to breach a 5-day losing streak as it ended 42 points higher at 22,531. The 50-DMA is placed at around the 22,400 level, and a slip below this level could shift the test to the 22,300-22,260 zone.
Stock Radar: Down 30% from highs! Bandhan Bank takes support above 50-DMA; time for contra buy?
Bandhan Bank's stock price resilience and expert recommendations suggest a potential uptrend. Stay informed with insights from AVP - Derivatives Research, Prabhudas Lilladher, and the Economic Times for strategic investment decisions.
Stock Radar: Piramal Enterprises shows signs of bottoming out after 27% fall from highs; is it a contra buy?
After falling over 27% from its September 2023 highs, the stock price shows signs of bottoming out. It hit a 52-week high of Rs 1,140 in September. It found some support above 800 levels in March 2024 and bounced back.
Nifty Bank retests 100-DMA; could rally towards 48000-48200: Experts
The banking index bounced back after retesting 100-DMA placed 47208 on the daily charts. A close below 47000 on Tuesday could add to more nervousness.
Stock Radar: This IT major has taken support above 200-EMA; time to buy the dip?
Wipro shares witnessed a price-wise and time-wise correction in the past three months. The stock fell by over 7% in the same period. In terms of price action, the stock is trading well below most of the crucial short- and long-term moving averages such as 5, 10, 30, 50, 100, and 200-EMA on the daily charts.
Tech View: Nifty may stage minor pullback. What traders should do on Friday
Nifty has been in a larger range movement of around 22,800-21,750 levels in the last couple of months, and is currently nearing a lower range and also a crucial support around 21,750 levels for the short term.
Go slightly defensive; stick to index trading or Nifty 50 stocks: Rahul Sharma
Rahul Sharma recommends sticking to index trading or Nifty 50 stocks for stability during market volatility. Specific recommendations include Aurobindo Pharma for delivery side and ITC for trading, with precise target and stop loss levels. He says: "The entire market setup seems to be range-bound with a lot of volatility."
Stock 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 it climb above 100-DMA as well as 50-DMA on the daily charts. This suggests that bulls are trying to take control.
TCS, Infosys can lead pullback in Nifty IT: Anand James
Anand James advises on Nifty IT index oversold zone pull back due to seasonality. Stocks like TCS, Infosys, Wipro, Tech Mahindra, Mphasis may lead the rebound. Watch for dead cat bounce risk, short covering rallies, and potential breakout signals in PSU stocks. James says: "Should Nifty Bank manage to push above 49100, one could brace for short covering rallies with eyes on 49500 in initially."
Stock Radar: Contra buy? This FMCG defensive stock could see a technical bounce back amid volatility in market after 20% fall
HUL dropped 20% from July 2023 highs, near oversold levels. Experts suggest buying with stop loss at 2050 for 2400-2500 target. Stock at support zone, anticipating higher bottom formation.
Stock Radar: Contra buy? Buy Mphasis for a possible bounce back from support levels after 30% fall from peak
Mphasis shares hit a record high of Rs 3,659 on October 19, 2021, but failed to hold on to the momentum. They closed at Rs 2,394 on April 15, 2024, which translates into a downside of 34%. The stock is now trading around the 200-DMA in April 2024 and a possible bounce back could be on the cards.
Technical Stock Pick: Motilal Oswal bounces back from 2018 support; likely to retest 1900 levels
Motilal Oswal stock hit a record high of Rs 1937 on 8th February 2024, but it failed to hold on to the momentum. It closed at Rs 1672 on 22nd March 2024 which translates into a fall of over 13%.
Smallcaps make a striking comeback with 52 double-digit gainers. Are valuation concerns over?
Around 52 smallcap stocks delivered double-digit returns and Manoj Vaibhav Gems was the top gainer at 43%. It is followed by eMudhra and Vadilal Industries, whose shares jumped 40% and 25%, respectively.
Technical Stock Pick: Contra buy! Asian Paints could bounce back after forming a base around 2700
The paint stock has fallen in double digits in the last 3 months, but the price action suggests that it is forming a base around 2700 levels on weekly charts.
Stock Radar: Contra buy? Bata India bounces back above last year’s key support on weekly charts
Bata India is the largest retailer and leading manufacturer of footwear in India and is a part of the Bata Shoe Organization, the company website showed. The stock has been in a consolidation mode after hitting a high of Rs 1,770 on August 7, 2023. It gave a breakdown below the 200 and 50-week moving averages on the weekly charts in January 2024. The Supertrend indicator also triggered a ‘sell’ in January, which led to further selling pressure on the stock price.
Kotak Bank shares may bounce back from key support
Kotak shares are around a support level of its 50-day exponential moving average on a monthly time frame placed at ₹1,700-level, according to Tradonomy, an investment advisory.
Nifty Bank rallies over 600 points; a break above 46,500 could reverse trend
Top stocks that led the rally on the Nifty Bank index included names like PNB and Bank of Baroda, which were up over 4% each, SBI was up more than 3% and HDFC and ICICI Bank closed with gains of over 1% each.
Load More
