Breakdown Stocks: How to trade Tata Motors, TCS & Hero MotoCorp that hit fresh 52-week low? – Market Summary
Tata Motors is trading near its 52-week low, closing at 620.65 after a sharp decline of 27.90 points (-4.30%). The stock remains under continuous selling pressure, with increasing volumes confirming bearish sentiment. Fibonacci retracement levels indicate key support at 627.75 (38.2%), 574.35 (50%), and 520.90 (61.8%), with a breakdown below these levels signalling further downside […]
Breakdown Stocks: How to trade Deepak Nitrite, LIC and Hero MotoCorp on Monday? – Market Summary
Hero MotoCorp Ltd has given a clear breakdown with decent volumes, signalling a continuation of the downtrend. The stock is forming a series of lower highs and lower lows, indicating persistent bearish momentum. A bearish Marubozu candle on the daily timeframe reflects strong selling pressure throughout the session. The stock is trading below key moving […]
Chandan Taparia recommendations: How to trade Hero Motocorp, Ultratech Cement, Cipla shares on June 11?
Indian stock market: Market indices, Sensex and the Nifty 50, snapped their three-day gaining streak on Monday, due to profit-taking at elevated levels amidst negative global indicators. After initially rising, both the Sensex and the Nifty 50 reached new intraday peaks but eventually declined due to profit-taking, in line with weak global cues. The Sensex […]
Technical Breakout Stocks: How to trade Hero MotoCorp, JBM Auto and Star Cement on Tuesday
Indian market witnessed selling pressure on Monday tracking muted global cues. The S&P BSE Sensex fell more than 500 points while the Nifty50 managed to hold on to 21,600 levels. Sectorally, buying was seen in healthcare and IT stocks while public sector, utilities, telecom and realty stocks saw some selling pressure. Stocks that were in […]