Page 51 - Technical Analyst News Today

Stocks that were in focus included names like Nestle India, which rose 3.03%, Maruti, which fell 1.96%, and Coal India, whose shares declined 1.34% on Wednesday.

Shares of YES Bank gained marginally to settle at Rs 17.20 on Wednesday. It commanded a total market capitalisation of close to Rs 49,500 crore.

Infibeam Avenues share price: The counter was trading higher than the 5-day, 10-, 20-, 30-, 50-, 100-, 150- and 200-day simple moving averages (SMAs). The counter's 14-day relative strength index (RSI) came at 70.97. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a price-to-equity (P/E) ratio of 33.34 against a price-to-book (P/B) value of 1.65.

While the coming week is a truncated one for equity markets, with October 2 (Monday) a trading holiday on the occasion of Gandhi Jayanti, investors still have a lot of data points and events to look forward to

A decisive decline below this level could potentially drive the index towards 43,800/43,500. On the upside, 45,000 is likely to provide strong resistance,” he said.

Stocks that were in focus included names like ICICI Bank, which fell 0.037%, Adani Power, which declined 0.37%, and RIL, whose shares dropped 1.26% on Thursday.

While Adani Power’s ongoing bullish trend is facing a minor hurdle at the Rs 400 mark, the bias remains highly optimistic as log as the support of Rs 350 is decisively negated.

Day trading stocks: Experts have recommended six stocks to buy today — ITC, Hindustan Copper, Delhivery, Zydus Life, IIFL Securities, and Omaxe

As long as the stock holds above this crucial support, a bounce back towards 980-1000 levels is possible, suggest experts.

Bharti Airtel Share Price: “Despite the recent volatility in the broader market, Bharti Airtel stock has managed to sustain its upward trend. The stock has formed a 135-day rounding bottom pattern, which was followed by a breakout,” Kapil Shah, Technical Analyst, Emkay Global Financial Services Limited and Trainer at FinLearn Academy, said.