Bharti Airtel, part of the telecom space, bounced back after retesting its crucial support, placed near Rs 640 levels for the fourth time so far in 2022. Short-term traders can look to capture the trend and buy now for a target of Rs 770, closer to its 52-week high of Rs 781 recorded on 24 … Read more
HDFC Bank might have underperformed the benchmark index so far in 2022, but chart patterns suggest that momentum is likely to sustain in the near term that could take the stock above Rs 1,500 levels in the next 7-8 weeks. The private sector lender fell nearly 4 per cent so far in 2022 compared with … Read more
On the price front, the stock is trading well above the short- and long-term moving averages such as 5, 10, 20, 30, 50, 100 and 200-DMA, which is a positive sign for the bulls. Synopsis The stock recently broke above the short-term moving average of 50-DMA last week and also from a Symmetrical triangle pattern … Read more
Gujarat Narmada Valley Fertilisers & Chemicals Ltd, part of the S&P BSE 500 index, has fallen more than 30 per cent in a matter of over two months, but the stock could see a bounce back from its five-year support placed around Rs 540 levels, suggest experts. The commodity chemical company has fallen significantly from … Read more
UltraTech Cement, part of the S&P BSE Sensex index, has fallen over 35 per cent from its November 2021 highs, effectively putting the stock in a bear grip, but technical indicators suggest the possibility of a technical bounce back in the short term. The cement major hit a 52-week high of Rs 8267 on 8 … Read more