Chart Check: Value buy? This private sector bank stock could give multibagger returns in 2023

Chart Check: Value buy? This private sector bank stock could give multibagger returns in 2023

, part of the private sector banking space, might have wiped out over 90% from a 5-year time frame but managed to recoup some losses in 2022 as the stock rose by about 40% so far in 2022. Technical chart patterns suggest that the rally may not be over yet and it could well stretch … Read more

Chart Check: Up 40% from May lows, this hospital stock could reclaim Rs 5,000 levels soon; here’s why

Chart Check: Up 40% from May lows, this hospital stock could reclaim Rs 5,000 levels soon; here’s why

, part of the hospital space, has rallied more than 40% from May 2022 lows, and a breakout from a Symmetrical Triangle earlier in December on the daily charts suggests that momentum is still intact. The stock bounced back after hitting a 52-week low of Rs 3365 on 26 May 2022. It closed at Rs … Read more

Chart Check: Breakout from a bullish flag pattern could take SKF India to Rs 6,000; time to buy this multibagger?

Chart Check: Breakout from a bullish flag pattern could take SKF India to Rs 6,000; time to buy this multibagger?

, part of the bearings industry, lost momentum after hitting record highs in September but chart patterns suggest that the stock could well hit Rs 6,000 in the next 2-3 months, suggest experts. The stock with a market capitalisation of more than Rs 24,000 cr hit a record high of Rs 5,074 on September 12, … Read more

Chart Check: Up 50% since Feb lows, Jyothy Labs’s rally not yet over! Here’s why

Chart Check: Up 50% since Feb lows, Jyothy Labs’s rally not yet over! Here’s why

, household products maker, has rallied by about 50 per cent from its February 2022 lows to hit a fresh 52-week high in October but the rally is not over yet based on technical chart patterns. The stock with a market capitalisation of more than Rs 7,400 crore hit a 52-week high of Rs 208 … Read more

Chart Check: A breakout from inverse head & shoulder pattern could push this pharma stock to fresh highs

Chart Check: A breakout from inverse head & shoulder pattern could push this pharma stock to fresh highs

, part of the pharma sector, gave a breakout from an inverse head & shoulder pattern on the weekly charts which suggests the beginning of a new trend that could take the stock above Rs 400-440 in the coming 3-4 months. Short-term traders who missed the rally seen in the last three months can look … Read more

Chart Check: 20% down from January highs, range breakout suggests that this IT stock could hit fresh highs

Chart Check: 20% down from January highs, range breakout suggests that this IT stock could hit fresh highs

, part of the Indian IT sector, recouped losses and is down by about 20 per cent from its January 2022 highs. However, recent price action suggests that the stock could well retest record highs in the next 6 months. The IT stock hit a fresh high of Rs 800 on 10 January 2022 but … Read more

Chart Check: Buy or sell? This life insurance company has given a breakdown from a symmetrical triangle after 28% fall from highs

Chart Check: Buy or sell? This life insurance company has given a breakdown from a symmetrical triangle after 28% fall from highs

, part of the life insurance industry, has fallen more than 28 per cent from its September 2021 highs which effectively places the stock in the bear grip. The technical setup suggests that the stock may see some more selling pressure; hence, short-term traders can look at selling the stock now for a target of … Read more

Chart Check: Golden Crossover in this Tata stock signals buy in short term; here’s why

Chart Check: Golden Crossover in this Tata stock signals buy in short term; here’s why

, part of the automobile sector, has been an underperformer so far in 2022 but recent price action suggests that bulls are catching up and aggressive investors can play for a technical bounce towards Rs 500 levels. The stock with a market capitalization of nearly Rs 1.5 lakh crore hit a 52-week high of Rs … Read more

Chart Check: Golden Cross on this home furnishing stock makes it an attractive buy

Chart Check: Golden Cross on this home furnishing stock makes it an attractive buy

, part of the home furnishing sector, has rallied more than 27 per cent from its March 2022 lows to record a Golden Crossover on the daily charts earlier in September making it an attractive buy at current levels. Short-term traders can look to buy the stock now or on dips for a possible target … Read more

Chart Check: Can fortune reverse for this commodity chemical stock after a 28% fall from highs?

Chart Check: Can fortune reverse for this commodity chemical stock after a 28% fall from highs?

Clean Science and Technology, a chemical manufacturing company, is down by about 28 per cent from its 52-week highs but a breakout from a reverse head and shoulder pattern on the daily charts suggests that bulls could ride the momentum for some more time. Short-term traders can look to buy the stock now or on … Read more