Coforge is placed near its all-time high and has been outperforming the IT sector
Nifty has formed a spinning top like pattern on Sept 24 after remaining in a 125 points range. Nifty could now face resistance from 26,250 while 25,611-25,791 band could offer support
CEAT is on the verge of breaking out from inverted head and shoulder pattern on the daily chart. Price rise was accompanied by healthy volumes
Trend of the Nifty is bullish and long positions should be held with 24,875 stoploss on closing basis. On the higher side, 25,078, 25,300 and 25,500 are the next resistances.
Vijaya Diagnostic has broken out from symmetrical triangle on the daily chart. Price rise was accompanied by healthy volumes
Stock price of Torrent Power is on the verge of breaking out from falling wedge pattern on daily chart. On 31 st July 2024, Stock Price broke out with jump in volumes
Nifty gave up early gains on Aug 06 to end in the negative. In the process it formed a pattern known as Bearish side by side black candle.
JB Chemical's price has surpassed the crucial triple top resistance placed in the range of Rs 1,920-1,930. Stock has broken out from broken out from the consolidation, which held for last four months.
From the low, Nifty recovered 470 points towards 24544 and ended the session at 24479.
Lauras Labs price has broken out from downward sloping trend line on the weekly chart. Price rise was accompanied by healthy volumes
Birlasoft stock price has broken out from the consolidation, which held for the previous two weeks. Price breakout is accompanied by rise in volumes
Strides Pharma has retraced more than 61.8 per cent of the entire fall which was seen from the swing high of Rs 425 towards the recent swing low of Rs 312, which indicates negation of a down trend
RVNL has retraced more than 61.8 per cent of the entire fall which was seen from the swing high of Rs 425 towards the recent swing low of Rs 312
Pidilite stock price has broken out from the downward sloping trend line on the weekly chart. Stock has surpassed the previous swing high resistance
Stock Price has broken out from downward sloping trend line on the weekly chart. Stock has surpassed the previous swing high resistance
Nifty formed a bullish candle on May 14, but did not close at its intraday high. It can now rise towards the 22302-22348 band while 22131 could offer support in the near term
From the all-time high of 22,794, Nifty has witnessed a correction of more than 550 points in the span of three trading sessions
Nifty shows lack of follow through action on the upside. It formed a higher top and could form a higher bottom shortly. On monthly charts, Nifty gained 1.24 per cent for the month of April
Nifty50 outlook: Downward gap zone of 22,503 and 22,427 is expected to remain resistance for the Nifty in the near-term
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty has reached crucial support zone of 22,000 - 21,000 on the charts.