Stay updated with breaking news from Stop Loss. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
TCS has experienced a breakout from consolidation after forming a base on the daily chart. The sentiment appears positive, as the stock has risen above the critical short-term moving average.
Short-term traders can look to buy the stock for a possible target of Rs 125 in the next 3-4 weeks, suggest experts.
Nalco witnessed a correction from a 52-week high of Rs 105. It has bottomed out near its 200-DMA, which was at Rs 87. The tock made a double-bottom formation pattern.
As long as the stock stays above 136-140, bulls will be able to make a comeback, suggest experts. If the momentum continues, the short-term target is placed around 160, they say.
SAIL is forming a higher top-bottom formation on the daily chart. The stock has started trading marginally above its 200-day SMA of Rs 87.