Nifty remains rangeboundThe Nifty 50 remained rangebound and closed lower for the second consecutive session on October 16. The index has not only broken the 50-day EMA (Exponential Moving Average - 25,045) but also fallen below the upward-sloping support trendline, although it defended the 24,900 level, which, according to experts, can serve as immediate support for the index. Falling below this ...

Shares of Coal India Ltd have given a horizontal trendline breakout on the daily scale. Currently, the stock is trading above its short and long-term moving averages.According to Sudeep Shah, Head of Technical and Derivative Research at SBI Securities, "These averages are in a rising trajectory and the desired sequence, suggesting the trend is strong."To capture the upside momentum, Shah recommend...

Yarn of a different kindNandan Denim has been a hot favorite among stock-market gurus for a few months now. They have been taking viewers through the company website and highlighting its financials. They claim that the company is a multi-bagger that is waiting to be discovered. But they have missed out on a few points though -- one, the company's statutory auditor resigned on June 17, saying that ...

Godrej Properties Limited shares have given a horizontal trendline breakout on the daily scale, confirmed by robust volume.According to Sudeep Shah, DVP and Head of Derivative and Technical Research at SBI Securities, "the stock is trading at an all-time high level, and all the moving averages and momentum-based indicators suggest strong bullish momentum in the stock."He suggests implementing a bu...

Dabur India Ltd stock has given a technical breakout from the falling trendline, and it has consolidated accordingly. On June 7, Dabur's shares gained over 1 percent, trading above Rs 605.Momentum indicator MACD (Moving Average Convergence Divergence) has shown a bullish crossover in the Dabur stock on the daily, weekly, and monthly charts. According to Jay Thakkar, Derivatives and Quantitative Re...