Breakout Stocks: How to trade Nalco, Persistent Systems and Fortis Healthcare on Monday? – Market Summary
After a period of consolidation, Fortis Ltd has broken out of its range, displaying significant bullish momentum, which indicates that buyers are in control. However, the breakout was met with strong selling pressure at higher levels on the daily scale, resulting in a battle between buyers and sellers—a sign of potential momentum exhaustion. Friday’s candlestick […]
Breakout Stocks: How to trade Divi’s Laboratories, Ipca Laboratories and Glenmark Pharma on Monday? – Market Summary
Glenmark Pharma Ltd. is currently demonstrating a bullish trend, characterized by a higher high, higher low pattern—a strong technical setup. The stock has recently broken out from a rounding bottom formation on the weekly chart, with the latest candlestick displaying a long-bodied green candle, signaling potential upside momentum. This week’s formation of a bullish Marubozu […]
Technical Breakout Stocks: How to trade Vedanta, Petronet LNG and Indigo on Friday?
The Indian market bounced back on Wednesday to hit fresh record highs tracking positive global cues. The S&P BSE Sensex rose more than 350 points while the Nifty50 recorded gains of over 100 points. The S&P BSE Sensex hit a record high of 75,105 in trade today while the Nifty50 surpassed 22700 to hit a […]
Technical Breakout Stocks: How to trade Tata Investment, Oil India and BEML on Wednesday
The Indian market failed to hold on to the momentum on Tuesday and closed in the red ahead of the Interim Budget on Thursday and the outcome of the US Fed meeting. The S&P BSE Sensex plunged more than 8,00 points while the Nifty50 managed to hold on to 21,500 levels. Sectorally, buying was seen […]
tata motors shares: Technical Breakout Stocks: How to trade Tata Motors and Kalpataru Projects which hit fresh 52-week highs
The Indian market snapped a 5-day winning streak to close in the red on Friday as investors preferred to book profits at higher levels. The S&P BSE Sensex fell more than 170 points while the Nifty50 managed to hold on to 21,700 levels on Friday. Sectorally, buying was seen in telecom, auto, FMCG, and utilities […]
Breakout Stocks: How to trade Zensar, Coforge, FACT on Monday
Following a dovish tilt shown by the US Fed, Sensex ended 2.4% higher last week with metals, IT, and realty indices outperforming. Given the positive global and domestic set-up analysts believe positive momentum will continue with some consolidation in the second half of the week. We have collated a list of three stocks that either […]