Divi’s Laboratories Ltd, part of the pharma industry, gave a breakout from an inverse Head & Shoulder pattern on daily charts to hit a fresh 52-week high last week which suggests that the trend is in favour of bulls. Short-term traders can look to buy the stock for a possible target above 4000-4300 levels in … Read more
Great Eastern Shipping Ltd, part of the shipping segment, witnessed some profit-taking in November after giving positive returns in 6 out of the last 8 months. Short to medium-term traders can look to buy the stock for a target of Rs 930 in the next 1-2 months, suggest experts. The shipping stock rose more than … Read more
Max Financial Services Ltd (MFSL), part of the life insurance space, hit a fresh 52-week high earlier this week in November and has also given a breakout above a Flag pattern on the daily charts. Short-term traders can look to buy the stock as long as it holds above 935 for a possible target above … Read more
Oracle Financial Services Software Ltd (OFSS), part of the software products industry, has given a breakout from a falling channel resistance on the daily charts which suggests that bulls could regain control. Short term traders can look to buy the stock for a possible bounce back towards its September 2023 highs in the next 1-2 … Read more
Cyient Ltd, part of the IT-enabled services industry, has rallied about 10% in a week which helped the stock to break from a Triangle formation on the weekly charts. The breakout has opened room for the stock to head towards 1942 levels in the next 3-4 weeks, suggest experts. The stock rose from Rs 1668 … Read more
City Union Bank Ltd, part of the private sector banking space, has fallen by about 30% from December 2022 highs but the stock gave a breakout from a channel pattern last week which has opened room for the stock to head higher. As long as the stock stays above 136-140, bulls will be able to … Read more
ESAB India Ltd, part of the industrial product space, has rallied by about 30% in a month pushing the stock to a fresh record high in November and the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock now for a target of levels above … Read more
NMDC Ltd, part of the industrial mineral industry, rallied more than 40% in the last 3 months which helped the stock to break out from an Inverted Head and shoulder pattern on the weekly scale. The breakout has opened room for the stock to head towards 200 levels in the next 3 months, suggest experts. … Read more
Escorts Kubota Ltd, part of the tractor segment, has rallied more than 40% in the last 3 months to hit a fresh record high in October and the chart pattern suggests that the rally may not be over yet. Medium-term investors can look to buy the stock on dips for a possible target of 3800-4000 … Read more
Apollo Hospitals Enterprises Ltd, part of the hospital sector, breaks out from a 72-week consolidation range and a downward-sloping trendline on the weekly charts has opened room for the stock to head towards a fresh 52-week high. The stock hit a 52-week high of Rs 5362 on 28 July 2023, but it failed to hold … Read more