Indian benchmark indices ended Friday in the green, maintaining their two-session gaining streak on buying action in IT and auto stocks. The S&P BSE Sensex finished at 72,026, up by 178.58 points or 0.25%. Meanwhile, the broader Nifty settled at 21,710.80, higher by 52.20 points or 0.24%. India VIX, a measure of volatility in Nifty, … Read more
Pidilite Industries Ltd, part of the specialty chemical space, hit a fresh 52-week high in January 2024 but the rally may not be over yet, and long-term investors can look to buy the stock for a possible target above 3000 levels, suggest experts. The specialty chemical stock hit a 52-week high of Rs 2792 on … Read more
Aptech Ltd, part of the education industry, has fallen more than 30% from May 2023 highs and has taken multiple support above 240 levels and bounced back which suggests that the stock has bottomed out. Short-term traders can look to buy the stock for a possible bounce back towards 300 levels in the medium term, … Read more
Exide Industries Ltd, part of the heavy electrical equipment space, has rallied more than 20% in the last 3 months which helped the stock to breakout from a multi-year swing high formed in 2018. Short-term traders can look to buy the stock on dips for a possible target of Rs 372 in the next 3-4 … Read more
The Indian market is expected to consolidate on Wednesday tracking muted global cues. The S&P BSE Sensex fell more than 300 points while the Nifty50 closed below 21,700 levels on Tuesday. The Nifty future closed negative with losses of 0.62% at 21,754 levels. India VIX was down by 0.68% from 14.68 to 14.58 levels in … Read more
Bharti Airtel Ltd, part of the telecom industry, hit a fresh record high in December 2023 but pared gains as investors preferred to book profits but the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock on dips for a possible target above 1100 levels … Read more
Divi’s Laboratories Ltd, part of the pharma industry, gave a breakout from an inverse Head & Shoulder pattern on daily charts to hit a fresh 52-week high last week which suggests that the trend is in favour of bulls. Short-term traders can look to buy the stock for a possible target above 4000-4300 levels in … Read more
Indian market is likely to consolidate on Monday tracking muted global cues. The Nifty future closed negative with losses of 0.37% at 21861 levels on Friday. India VIX was down by 4.21% from 15.14 to 14.50 levels. Volatility cooled off after steaming to higher zones and respected the bulls at higher zones. Positive setup was … Read more
Narayana Hrudayalaya Ltd, part of the hospital sector, has fallen by about 10% from its record high and is consolidating in a narrow range forming a Flag-like pattern on the daily charts. The stock is on the verge of a breakout from a Flag pattern. Hence, short-term traders can look to buy the stock for … Read more
Asian Paints Ltd, part of the paint industry, might be down marginally from the July 2023 high but chart pattern suggests that the stock is gaining momentum and should be able to hit fresh record highs in 2024. Short-term traders can look to buy the stock now or on dips for a possible target above … Read more
