Indian Bank Ltd, part of the PSU banking space, has rallied more than 60% in the last 6 months which pushed the stock to a fresh record high in February 2024 which suggests that bulls are here to stay. Short-term traders can look to buy the stock now or on dips for a possible target … Read more
Mumbai: India’s benchmark indices shed about 1% on Tuesday, partly reversing the previous day’s gains, as traders cut bets ahead of the US Federal Reserve’s two-day policy meeting on January 30 and 31. Analysts said the mood is relatively cautious with the government set to announce its interim budget on February 1. The BSE Sensex … Read more
Samvardhana Motherson Ltd, part of the auto component space, has almost doubled from its 52-week low recorded in March 2023 which helped the stock to reclaim its 200-weekly EMA on the weekly charts. Short-term traders can look to buy the stock now for a target of Rs 132 in the next 3-4 weeks, suggest experts. … Read more
Mumbai: The Reserve Bank of India (RBI) has, of late, introduced some tweaks to its strategy of forex interventions to allow sporadic flows into the banking system and help partially plug a liquidity gap that has caused short-term borrowing costs for banks and corporates to jump. Multiple currency market traders told ET that over the … Read more
Ashok Leyland Ltd, part of the automobile space, has fallen by over 10% from its recent high recorded in August 2023 and the chart pattern suggests that the weakness could continue.Short -to medium-term traders can look to sell the stock now for a possible target towards 150 levels in the next 1-2 months, suggest experts. … Read more
Mumbai: Indian equities rose about 1% on Wednesday, recouping a portion of the previous day’s losses, as traders covered some of their bearish bets ahead of the expiry of the January series futures & options contracts. Analysts said the undertone remains cautious with foreign investors turning sellers in recent trading sessions.The Nifty rose 215.15 points, … Read more
Bharat Heavy Electrical Ltd (BHEL), part of the heavy electrical equipment space, has rallied by over 50% in the last 3 months and 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 of Rs 227 in the next … Read more
Coforge Ltd, part of the IT industry, has rallied more than 30% in the last 3 months, which helped the stock to break out from a Saucer pattern on the weekly charts. The breakout has opened room for the stock to head towards 7000 levels in the short to medium term, suggest experts. The stock … Read more
Info Edge Ltd (Naukri), part of the consumer service industry, has been trading above the breakout level of a Cup and Handle pattern on the daily charts. Short-term traders can look to buy the stock for a possible target of 5900 in the next 6-8 weeks, suggest experts. The stock gave a breakout from a … Read more
Kotak Mahindra Bank Ltd, part of the private banking space, has fallen over 11% from May 2023 highs but it has bounced back from crucial support and the upmove could extend towards 2000 levels. Short-to-medium-term traders can look to buy the stock on dips towards 1800-1850 levels, suggest experts. The stock hit a 52-week high … Read more
