Technical Stock Pick: Berger Paints slips below 50 & 200-DMA; time to go short?

Technical Stock Pick: Berger Paints slips below 50 & 200-DMA; time to go short?

Berger Paints Ltd, part of the paint industry, fell more than 18% from its September 2023 high to trade below its long- and short-term moving average suggests a bearish trend. Short-term traders can look to go short in the stock for a possible retest of Rs 510 levels in the next 3-4 weeks, suggest experts. … Read more

Technical Stock Pick: Breakout from a ‘Flag’ pattern could take Gabriel India to fresh highs; time to buy?

Technical Stock Pick: Breakout from a ‘Flag’ pattern could take Gabriel India to fresh highs; time to buy?

Gabriel India Ltd, part of the auto component space, underwent consolidation after hitting record high in December 2023 which has taken the shape of a Flag pattern on the daily charts. A clear breakout from the pattern could take the stock to fresh record highs above 440 in the short to medium term, suggest experts. … Read more

Adani stocks: 3 Adani stocks prove invincible after 1 year of Hindenburg attack

Adani stocks: 3 Adani stocks prove invincible after 1 year of Hindenburg attack

Exactly on this day a year ago, the Indian stock market had woken up to an explosive report from a hitherto unknown entity on Dalal Street. Before investors could finish reading the summary of the 106-page Hindenburg report, Adani stocks started falling like ninepins.In next seven trading sessions, as the issue erupted into a major … Read more

Nifty: Indices gain 1% on short covering, traders see choppy days ahead

Nifty: Indices gain 1% on short covering, traders see choppy days ahead

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

coforge share price: Technical Stock Pick: 30% rally in 3 months! Breakout from a Saucer pattern makes Coforge an attractive buy

coforge share price: Technical Stock Pick: 30% rally in 3 months! Breakout from a Saucer pattern makes Coforge an attractive buy

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

Technical Stock Pick: Breakout from Cup and Handle pattern on Naukri makes it an attractive buy

Technical Stock Pick: Breakout from Cup and Handle pattern on Naukri makes it an attractive buy

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

ev maker: Technical Stock Pick: 20% rally in a month! This EV maker hits record high in January 2024; should you book profits or buy?

ev maker: Technical Stock Pick: 20% rally in a month! This EV maker hits record high in January 2024; should you book profits or buy?

Olectra Greentech Ltd, part of the passenger vehicle industry, has rallied more than 20% in a month which helped the stock to break out from a consolidation range since July 2023. The breakout has opened room for the stock to head towards 1700 levels in the next 2-3 months, suggest experts. The stock moved in … Read more

Nifty: Nifty looks strong; resistance at 21,800-21,850: Analysts

Nifty: Nifty looks strong; resistance at 21,800-21,850: Analysts

The upward trend of Nifty is expected to persist in the near term, but the index may encounter resistance around 21,800-21,850 levels. Technical analysts suggest that a definitive move above 21,850-21,900 is necessary to unlock the next upside target of 22,200. Analysts recommend stocks like Axis Bank, Canara Bank, Divi’s Labs, Cipla, Coforge, Infosys, ITC, … Read more

Vodafone Idea: Voda Idea denies reports of talks with Musk’s Starlink, shares slide

Vodafone Idea: Voda Idea denies reports of talks with Musk’s Starlink, shares slide

New Delhi: Vodafone Idea on Tuesday denied a media report of talks with Elon Musk-owned Starlink for a stake sale, sending the telecom operator’s shares down by 5.65%. The shares had hit a 52-week high intraday Monday, gaining nearly 40% in two trading sessions after the report emerged on the Starlink talks. “In this regard, … Read more