Technical Stock Pick: 30% rally in 3 months! Indus Tower breaks out from falling trendline resistance; time to buy?

Technical Stock Pick: 30% rally in 3 months! Indus Tower breaks out from falling trendline resistance; time to buy?

Indus Towers Ltd, part of the telecom industry, rallied more than 30% to break out from a falling trendline resistance on the weekly charts and the momentum could take the stock to a fresh 52-week high. Short-term traders can look to buy the stock on dips for a possible target of Rs 285 in the … Read more

Technical Stock Pick: CAMS gives a breakout from 100-week consolidation; time to buy?

Technical Stock Pick: CAMS gives a breakout from 100-week consolidation; time to buy?

Computer Age Management Services Ltd (CAMS), part of the financial services industry, gave a breakout from a 112-week consolidation on the weekly charts which is a bullish sign and has opened room for the stock to head higher. Short-term traders can look to buy the stock for a target above Rs 3300 in the next … Read more

PSUs lose Rs 4 lakh crore in 2 sessions, may fall more

PSUs lose Rs 4 lakh crore in 2 sessions, may fall more

Mumbai: The selloff in shares of public sector companies aggravated on Monday as disappointing third-quarter results of a few prompted traders to liquidate bullish bets. Analysts warn about the likelihood of further declines in these stocks, which have been the top performers on Dalal Street for the past three months. Any sharp fall in the … Read more

Technical Stock Pick: This PSU banking stock hits fresh record highs in Feb 2024; time to buy or book profits?

Technical Stock Pick: This PSU banking stock hits fresh record highs in Feb 2024; time to buy or book profits?

Indian Bank Ltd, part of the PSU banking space, has rallied more than 60% in the last 6 months which pushed the stock to a fresh record high in February 2024 which suggests that bulls are here to stay. Short-term traders can look to buy the stock now or on dips for a possible target … Read more

Technical Stock Pick: Ashok Leyland looking weak; time to sell?

Technical Stock Pick: Ashok Leyland looking weak; time to sell?

Ashok Leyland Ltd, part of the automobile space, has fallen by over 10% from its recent high recorded in August 2023 and the chart pattern suggests that the weakness could continue.Short -to medium-term traders can look to sell the stock now for a possible target towards 150 levels in the next 1-2 months, suggest experts. … Read more

Technical Stock Pick: Indian Hotels hits a fresh record high in January 2024; likely to cross 500 in next 3-4 weeks

Technical Stock Pick: Indian Hotels hits a fresh record high in January 2024; likely to cross 500  in next 3-4 weeks

Indian Hotels Ltd, part of the hotel industry, has rallied more than 12% in a month to hit a fresh record high in January 2024 and the chart pattern suggests that the rally may not be over yet.Short-to-medium-term traders can look to buy the stock now for a possible target of more than 500 in … Read more

Technical Stock Pick: Divi’s Laboratories gives a breakout from an Inverse Head & Shoulder pattern; should you buy?

Technical Stock Pick:  Divi’s Laboratories gives a breakout from an Inverse Head & Shoulder pattern; should you buy?

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

Chart Check: GE Shipping in an uptrend, breaks out from 15-year consolidation; time to buy?

Chart Check: GE Shipping in an uptrend, breaks out from 15-year consolidation; time to buy?

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

Chart Check: OFSS gives a breakout from a falling channel formation; could retest 52-week highs soon

Chart Check: OFSS gives a breakout from a falling channel formation; could retest 52-week highs soon

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