Page 41 - Stock Tips News Today

BHEL continued to hit fresh multi-year highs and closed 4.7 percent higher at Rs 114.65, forming long bullish candlestick pattern on the daily scale with above average volumes. The stock continued its uptrend for yet another session.

The price chart of KEC International indicates a breakout from a triangular pattern on the daily timeframe, accompanied by significant trading volume.

The valuation differential between large caps and the mid and small caps, currently is in positive favour of the smaller companies, says Anil Ghelani of DSP MF.

The Cup and Handle Pattern breakout is observed on the daily chart of Indian Railway Catering & Tourism Corporation. Price breakout is accompanied with rising volumes.

Sun TV Network has formed long bullish candlestick pattern on the daily timeframe, with trading above all key moving averages.

Experts foresee a rebound with resistance at 19,300-19,400 levels, followed by 19,500 levels in the coming session. In case the index breaks 19,200, then the correction can be seen up to the 19,000 mark

Quess Corp rose 4.7 percent to Rs 420.80 and formed long bullish candlestick pattern on the daily timeframe with above average volumes, continuing uptrend for second straight session, after consistent downtrend in previous 10 days in a row.

Tata Communications climbed 4.6 percent to Rs 1,782 and formed strong bullish candlestick pattern on the daily timeframe with above average volumes. The stock sustained above all short-to-long term averages.

Poly Medicure has formed Bullish Engulfing candlestick pattern on the daily timeframe and settled way above 20-day EMA. The stock has rallied 6.6 percent to Rs 1,429 with above average volumes.

Midcap and Smallcap continued their outperformance during the recent corrective phase of the Nifty and therefore Nandish Shah of HDFC Securities expects their outperformance to continue for the coming weeks.