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
The Indian market closed in the green for the second consecutive day on Friday, tracking positive global cues. The S&P BSE Sensex rose more than 200 points, while the Nifty50 closed above the 21,300 mark on Friday. Sectorally, buying was seen in realty, IT, metal, auto, and healthcare stocks, while selling pressure was seen in … Read more
Tata Consumer Ltd, part of the FMCG sector, hit a fresh record high in December and chart patterns suggest that the rally may not be over yet. Those who missed the rally can still look to buy the stock for a possible break above 1000 levels in the next 3-4 weeks, suggest experts. The FMCG … Read more
