Tanla surges 15 per cent, gives Pennant pattern breakout Tanla surges 15 per cent, gives Pennant pattern breakout Bhagyashree Vivarekar / Tuesday, January 9, 2018 / Article rating: 5.0 During Tuesday's trade,Tanla Solutions gave a pennant pattern breakout at 42 levels. The breakout was yet again supported by volume spurt and 14-period RSI positive crossover.
PVR gives multiple resistance breakout, sees potential upside PVR gives multiple resistance breakout, sees potential upside Bhagyashree Vivarekar / Monday, January 8, 2018 / Article rating: 5.0 PVR lifted the Nifty Media index to close 1.2 per cent up. The stock succeeded in breaching its multiple resistance at 1450 levels on closing basis on Monday. The stock has also formed an Inverse Head & Shoulders pattern which started in July 2017.
TCS at multi-year trendline breakout, Q3 to direct further TCS at multi-year trendline breakout, Q3 to direct further Bhagyashree Vivarekar / Monday, January 8, 2018 / Article rating: No rating TCS which holds 3.3 per cent weightage in Nifty50 and 25.7 per cent in the Nifty IT index has retested its multi-year trendline at 2670 levels. Stock breached its previous month’s high at 2709 levels.
Energy Index bewildered amid rising oil prices Energy Index bewildered amid rising oil prices Bhagyashree Vivarekar / Friday, January 5, 2018 / Article rating: 5.0 Brent Crude which is trailing just below its 2015 high of US$70.15 per barrel with a forecast of hitting 100 levels sometime soon are overshadowing the equity markets. Nifty Energy index which includes oil and gas exploration companies and OMCs is left bewildered.
Capital infusion fails to lift PSU Bank index Capital infusion fails to lift PSU Bank index Bhagyashree Vivarekar / Friday, January 5, 2018 / Article rating: No rating Of the Rs. 2.11 lakh crore recapitalisation outlay for PSU Banks, government has decided to release Rs. 80,000 crore to these banks in the current fiscal. This, on Friday, gave the Indian stock markets a reason to celebrate.
Nifty Metal shines to support benchmarks Nifty Metal shines to support benchmarks Bhagyashree Vivarekar / Friday, January 5, 2018 / Article rating: 5.0 Nifty Metal index outperformed the markets by gaining nearly 48.5 per cent in 2017. Bounce back in the metal majors like Vedanta, Tata Steel and Hindalco after May 2017 led to this exuberant move in the index. These frontliners are currently trailing at their multi-year high levels.
Nifty IT at 52-week high in otherwise subdued markets Nifty IT at 52-week high in otherwise subdued markets Bhagyashree Vivarekar / Friday, December 29, 2017 / Article rating: 5.0 We are at the doorstep of 2018 and that the month of January 2018 would kick off with the auto sales data. The last trading day of 2017 witnessed a sharp upsurge in the Nifty Auto index.
Nifty PSU index sluggish at breakout level Nifty PSU index sluggish at breakout level Bhagyashree Vivarekar / Friday, December 29, 2017 / Article rating: No rating Nifty PSU index has been highly volatile throughout the year 2017. Recently the index was struggling at the trendline level in an indecisive manner.
Nifty Realty at multi-year high, gains 110 per cent in 2017 Nifty Realty at multi-year high, gains 110 per cent in 2017 Bhagyashree Vivarekar / Friday, December 29, 2017 / Article rating: No rating For the so far neglected sector, realty, 2017 as a highly momentous year in terms of the index movement since 2012. Nifty Realty index survived all odds and surged as much as 110 per cent in 2017.