“We can expect the positive momentum to continue. So, yes, bias remains positive. Similarly, for the Bank Nifty, if we see, it is holding on to its key support of 20-day exponential moving average. So, 56,800 to 56,700 is a strong support. So overall bias is positive. Buy on dip would be the strategy that … Read more
“We expect a strong up move in State Bank and State Bank can be bought. Currently, it is trading somewhere around 818, 820 levels. It can be bought with a stop loss of 802 and the upside that we are expecting is 855 on the State Bank,” says Rajesh Bhosale, Angel One. Considering levels on … Read more
The stock had been in a consolidation phase for the past four years, with the 750–760 zone acting as a strong resistance on two prior occasions. This key hurdle has now been decisively breached, confirming a long-term breakout. Volume analysis supports the move, as strong buying interest is evident during upswings, while downswings are accompanied … Read more