Dabur India breached a key resistance at ₹185 recently and has formed a flag pattern on the daily candlestick chart. This gives traders an opportunity to buy the stock at current levels. Since taking support at ₹145 in August 2013, the stock has been on an intermediate-term uptrend. The medium- and short-term trends are up […]
Investors with medium-term perspective can consider buying the stock of Autoline Industries (Rs 168.4), auto parts manufacturer. After encountering long-term resistance at Rs 280 in November, the stock changed its direction and started to decline. It was on an intermediate-term downtrend until it found support in the band between Rs 120 and Rs 125 in […]
Investors with medium-term perspective can consider buying the stock of construction contractor BL Kashyap and Sons (Rs 24.6). The stock had reversed from its significant long-term resistance level of Rs 50 in October and December 2009, making this level a major hurdle. Moreover, in September 2010, the stock once more peaked out after testing this […]
Infosys managed to close on a positive note for the week by gaining 1.8 per cent. The stock has been moving sideways in the range between Rs 3,023 and Rs 3,162 since beginning of this month. Moreover, it has formed a spinning to pattern in the weekly chart signaling indecisiveness. As long as the stock […]
The stock surged 6.6 per cent in the last trading session, breaching its 50 and 200-day moving averages. Immediate supports for the stock are at Rs 2,729 (200-DMA), Rs 2,695 and Rs 2,640. It can decline and test its 200-DMA in the week ahead. However, reversal for the second support would be a cue to […]
Following a four-day rally last week, RIL encountered resistance at Rs 960 on Friday and retreated to finish the week with a 3 per cent gain. The short-term trend is down for the stock since the January peak of Rs 1,090. This downtrend remains in place as long as the stock trades below its key […]
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