Page 23 - Technical Analyst News Today

For Thursday, analysts from domestic brokerages have assigned calls for BHEL, NMDC and Cochin Shipyard shares. Check details.

Shares of Tata Power Company hit a record high in early deals. Tata Power shares surged 1.87% to a high of Rs 457.50 against the previous close of Rs 449.10 on BSE. Market cap of Tata Power climbed to Rs 1.45 lakh crore on BSE. A total of 3.17 lakh shares of the firm changed hands amounting to a turnover of Rs 14.38 crore. Tata Power stock declined to a 52-week low of Rs 199.35 on May 5, 2023. The power sector stock has gained 39% in 2024 and risen 127% in a year.

Polycab India stock touched a record high of Rs 5787.10 in the previous trading session. Later, it closed 0.58% higher at Rs 5666.60 on BSE.

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Cochin Shipyard shares ended 2.57% lower at Rs 1303 on BSE. Market cap of the defence stock stood at Rs 34,283 crore.

For Tuesday, analysts from domestic brokerages have assigned calls for IDBI Bank, Ultratech Cement and HCL Technologies shares. Check details

Godrej properties 2,660 CE and 2,680 CE have seen addition in long, implying a positive sentiment.

For the short term, 22,620-22,630 will act as resistance for the Nifty. If the index sustains above 22,630, Nifty could attempt to break its all-time high of 22,776, says Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta.

Multibagger stock: KPIT Technologies shares rose to an intraday high of Rs 1,455 today, up 5.89% against the previous close of Rs 1374.05 on BSE. Market cap of the firm stood at Rs 39,142 crore.

Canara Bank shares must display sustainability over the key mark of Rs 620 to embark on the fresh rally, said an analyst.