Trade Spotlight: How should you trade TCS, Airtel, PFC, BEL and others?
The market sentiment seems to be positive for now. Here are some trading ideas for the near term.
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The market sentiment seems to be positive for now. Here are some trading ideas for the near term.
On the technical charts, Nifty formed a huge bearish engulfing candlestick. It broke the crucial support of 21,300 with a head and shoulder pattern. Now the next support lies at 21,000 coinciding with the 50-day moving average (DMA), says Sheersham Gupta, director and senior technical analyst at Rupeezy
Stock market today: The short-term uptrend status of the Nifty 50 index remains intact, but Dalal Street is likely to find resistance around 21,800 to 21,850 levels in the coming sessions, say experts
BLS International has seen a breakout of downwad sloping resistance trendline in previous session. Further, the stock traded well above all key moving averages.
Dr Lal PathLabs has given a breakout of Mother candle of May 12 with bullish candlestick pattern formation and significantly higher volumes. The stock has touched 200-day EMA (Rs 2,140) intraday and finally settled at Rs 2,121, up 4.7 percent.