Page 4 - Chart Check News Today

The recent rally pushed the stock to a fresh 52-week high of Rs 445 recorded on 17th July 2023. It has rallied more than 10% in a week, and over 60% in the last 3 months. The stock also gave a breakout from a Flag pattern on the weekly charts which has opened room for the stock to head towards 500 levels, suggest experts.

The stock rose from Rs 100 as on 13th April 2023 to Rs 127 recorded on 14th July 2023 which translates into an upside of about 27%. The momentum helped the stock to hit a record high of Rs 128.80 on 13th July.

Experts suggest that UNO Minda, a part of the auto component sector, has broken out from a symmetrical triangle pattern on the weekly charts, leaving room for the stock to hit fresh record highs in the next three months. Short to medium-term traders may want to purchase the stock now, or on minor dips, with a target of Rs 690, they say.

The stock closed at Rs 111 on 12th July 2023, and also managed to close above the 50-DMA which is the short-term moving average. The Supertrend indicator also triggered a buy on the daily charts.

However, experts are of the view that as long as the stock holds above the neckline of the rounding bottom breakout placed at around Rs 197 level, bulls should be able to take control.

The stock gave a breakout from a swing high of Rs 9,800 earlier in July 223 to hit a fresh record high of Rs 10,036 on 5th July 2023, but investors preferred to book profits post the breakout which pushed the stock below Rs 9,900 level.

In terms of price action, Titan stock is now trading above most of the crucial short and long-term moving averages of 5,10,30,50,100 and 200-DMA on the daily charts.

V-Guard Industries, a household appliance company, has seen a significant rally in its stock price, reaching a new record high. Technical analysis reveals an inverted head and shoulder pattern, indicating a potential continuation of the upward trend. The stock is trading well above key moving averages, and the RSI suggests an overbought condition, implying a possible pullback. The MACD indicator is also bullish. Experts predict further price increases, with a target level of Rs 340 and a stop lo...

Exide Industries, an auto component maker, hit a fresh 52-week high in June 2022 and rose more than 30% from March 2023 to June 2023. The recent breakout from a Double Bottom pattern suggests that the rally may not be over yet and short-term traders can look to buy the stock now or on dips for a possible target of 280 levels in the next 3-4 weeks. The daily RSI is at 76.9 and the recent swing high has opened room for the stock to head towards Rs 280 levels in the short term.

Dixon Technologies stock has surged 50% in a month on strong volumes, and experts believe the rally may continue. The momentum helped the stock climb above the 50- and 200-day moving averages on the daily charts. However, the Relative Strength Index (RSI) indicates that the stock is in the overbought zone. Short-term traders should look for opportunities to add the stock on declines for a potential target above INR6,000 ($81) in the next three months. Dixons stock is trading above the upper Boll...