BULLISH BREAKOUT
Stock Radar: Bharat Dynamics looking attractive on charts after 30% fall from highs; what should investors do?
Bharat Dynamics Ltd, after falling over 30%, found support above the 200-days EMA. Experts suggest medium-term traders with a high-risk profile could buy the stock, targeting Rs 1,500 if the momentum persists. The stock has shown significant rebounds and positive indicators but must maintain above Rs 1,050.
Wipro stock rallies 14% in 2 weeks. Will bullish momentum continue?
Even though the Sensex is only down 12% from its 52-week high, over 80% of BSE 500 stocks are in a bear market, with some eroding up to 65% of their value. Investors are cautious ahead of key events, but long-term opportunities remain as market volatility may normalize valuations and yield better entry points.
Stock Radar: Britannia Industries looking good on charts after 20% fall from highs; time to buy?
Britannia Industries Ltd shows signs of rebound after a 21% drop from its October 2024 high. The stock regained important moving averages and bullish signals from the Supertrend indicator and RSI suggest positive momentum. Experts recommend buying at around Rs 5100 with a target of Rs 5370.
Stock Radar: Maruti Suzuki stock showing signs of bottoming out; takes support above 100-EMA ¨C what should investors do?
Maruti Suzuki India Ltd rebounded after taking support above the 100-EMA on the weekly charts. Experts suggest short-term traders can aim for Rs 12,600 within 2-3 weeks, with a stop loss below Rs 11,750. Positive RSI and MACD indicate a bullish trend despite recent volatility.
Stock Radar: Is Biocon losing momentum after hitting a fresh 52-week high in January 2025? Here¡¯s what chart suggests
Biocon Ltd, in the pharma sector, breaks out from a 3-4 month consolidation, reaching a fresh high in January 2025. Experts suggest traders buy on dips in the range of 385-395 for a target of Rs 450 within 1-2 months, placing a stop loss below Rs 365.
Tech view: Bullish reversal on Nifty hinges on sustained breakout. How to trade tomorrow
The Nifty index formed a bearish engulfing pattern, signaling potential bearish momentum below the 23,000 support level. Resistance lies at 23,300¨C23,500, requiring a breakout to confirm bullish reversal amid volatile conditions.
BSE shares outperform market with 12% weekly surge, bullish momentum strong
BSE Ltd has shown strong bullish momentum, outperforming indices and delivering a 157.8% return over the past year. The stock recently broke out of consolidation with high volume, suggesting further upside potential. Analysts expect the stock to test levels of Rs 6,200-6,500, with support around Rs 5,650-5,600.
Stock Radar: Bharat Dynamics breaks out from 1-month consolidation ahead of Budget 2025; time to buy?
Bharat Dynamics Ltd broke out of a 1-month consolidation phase, nearing Rs 1,370-1,450 targets in 3-4 weeks. The stock hit a record high of Rs 1,794 in July 2024 and closed at Rs 1,276 on January 17, 2025, gaining momentum ahead of the 2025 Budget announcement.
Stock Radar: Bharti Airtel showing signs of bottoming out after 15% fall from highs; what should investors do?
Bharti Airtel Ltd. finds support above key moving averages, rebounding strongly in January 2025. With a short-term target of Rs 1,800, the stock is supported at Rs 1,560 and shows positive momentum, according to experts. RSI is at 58.2, and MACD is bullish.
Breakout Stocks: How to trade Jubilant FoodWorks, Muthoot Finance & Laurus Labs on Thursday?
Stocks that reached fresh highs included Jubilant FoodWorks, which rose nearly 3%, Muthoot Finance, which gained almost 4%, and Laurus Labs, which closed with more than a 2% increase on Wednesday.
Stock Radar: Chalet Hotels breaks out of Ascending Triangle pattern; time to buy?
The hotel stock has been range-bound since March 2024, with resistance at 900-950 and support above 700. The 50-week EMA on the weekly charts provided key support in October and November, helping the stock rebound after testing the EMA in November. This rebound led to a breakout from the range and the upper trendline of an Ascending Triangle pattern, a bullish continuation chart formation that suggests the potential for upward price movement.
Stock Radar: 100% in a year! KEC International breaks out from 3-month consolidation; time to buy?
The momentum helped the stock to hit a fresh record high of around 1000 levels in October 2024, but it failed to hold the momentum. It found support above the 30-weeks simple moving average on the weekly charts.
Bullish breakout to take Nifty higher: Analysts
In large-caps, Reliance, SBI, Infosys, L&T, Axis Bank, PFC, and Titan look good for 5-6% gains. Among midcaps, Persistence, Lemontree, National Aluminium, Natco Pharma, IREDA, Midhani, Sona BLW Precision look good from 8-10% prospective.
Tech View: Nifty gives inverse heads & shoulders breakout. What are cues for Friday trade?
Indian stock markets rose for a fifth day, led by IT and banking sectors. Sensex gained 1% to 81,765, Nifty rose 0.98% to 24,708. Analysts see continued bullishness with next resistance at 24,850.
F&O Radar: Deploy Bull Call Spread in Divis Lab from potential bullish reversal
Divis Laboratories is nearing a breakout level of Rs 6,145, supported by strong volumes and positive divergence. A bullish trend is indicated, with upside targets of Rs 6,500-6,600.
From breakdown to breakout: Nifty bulls flip the script above 200-DEMA
Nifty staged a strong comeback this week, surging past the 200-day moving average and trapping bearish sellers. The index found support at its 50-week moving average, forming a bullish hammer pattern. While facing resistance at 24,000, positive sentiment prevails with increased FPI long positions and declining open interest. A sustained move above 24,000 could propel Nifty towards 24,500¨C24,700.
F&O Stock Strategy: How to trade Siemens and Ramco Cements
Indian equity indices opened lower due to a rise in October retail inflation, dampening hopes of a rate cut. Analyst Sudeep Shah recommends selling Siemens stock due to a bearish flag breakdown and accumulating Ramco Cement stock due to a trendline breakout.
Stock Radar: Mphasis breaks out from Symmetrical Triangle pattern on daily charts; time to buy the dip?
Mphasis Ltd broke out from a Symmetrical Triangle formation on daily charts, suggesting potential stock price increase to Rs 3,350-3,400 within 1-2 months. The stock exhibited bullish momentum, bouncing back from Rs 2,850 support and reclaiming key moving averages. Analysts advise accumulating between Rs 3,000-3,050.
Stock Radar: Hindalco breaks out from cup & handle pattern after 50% rally in a year; time to buy?
Hindalco Industries has experienced over a 50% rally in the aluminum sector and has recently broken out from a 3-year Cup & Handle pattern. Experts suggest short-term buys for high-risk traders with targets of Rs 840, while maintaining a stop loss below Rs 680.
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