![]() Based on the above Technical studies we can come out with a view that the price may move towards higher levels over the short period which shows bullish strength. Maharashtra Scooters share price is trading in an uptrend, after profit booking the stock has witnessed a Bullish Engulfing pattern Technical indicator ichimoku cloud suggests a positive trend. One can initiate buy on dip in the range of ₹927 ₹932 with stop loss below ₹847 on daily closing basis.Ĥ] Maharashtra Scooters: Buy at ₹7550 to ₹7560, target ₹7910, stop loss ₹7370. IPCA Lab share has given a breakout of the falling parallel channel on the upside indicating a positive trend, with strong bullish candle followed by strong volume which is why a buy recommendation is initiated for targets up to ₹1090. In a notable development, the stock has exhibited a substantial rebound, supported by noteworthy trading volumes, and has successfully surpassed a minor resistance level situated at ₹630.ģ] IPCA Lab: Buy at ₹927 to ₹932, target ₹1090, stop loss ₹847. The stock has recently established a robust support level of ₹616, which is close to its 50 Day EMA levels and also a prior resistance. UPL share price indicates that UPL is presently trading at ₹634.65. This can boost investor confidence, as it implies that the stock has strong support and is trading in a technically favourable position.Ģ] UPL : Buy at ₹634.65, target ₹672, stop loss ₹616. When a stock trades above its moving averages, it often indicates an upward trajectory and suggests that it is in an uptrend. Investors appear willing to purchase the stock at these levels, which can provide a foundation for potential price appreciation.įurthermore, the stock's current position above crucial moving averages is another positive signal. Its ability to rebound from the robust support range of ₹427 to ₹430 levels indicates a considerable amount of buying interest within this price band. Wipro share price is displaying signs of resilience and potential upward momentum. Sumeet Bagadia's intraday stocks for todayġ] Wipro : Buy at ₹441.05, target ₹460, stop loss ₹429. Technical Analyst at Bonanza Portfolio - recommended four stocks to buy or sell today. ![]() On intraday trading strategy, stock market experts - Sumeet Bagadia, Executive Director at Choice Broking Ganesh Dongre, Senior Manager - Technical Research at Anand Rathi and Kunal Kamble, Sr. A decisive break above 46,300 is likely to start the next leg of rally in Bank Nifty." The 46,300 strike still has twice the more call writers than the put writers, thereby making it a strong resistance. On outlook for Bank Nifty today, Ashwin Ramani, Derivatives & Technical Analyst, SAMCO Securities said, "Bank Nifty touched its previous resistance of 46,300 zones and closed the day at 46,232, up 231 points. Thus we expect the overall positive momentum to continue especially in the large cap while sectoral rotation is likely to be seen in the broader market," said Siddhartha Khemka, Head - Retail Research at Motilal Oswal. ![]() Further lower CPI and wholesale inflation in India are comforting amidst the global inflationary scenario. Nifty has been scaling new highs over the last few sessions as the sentiments strengthened post the successful G-20 execution which is likely to bolster India’s economy in the global arena. Sectorially it was a mixed bag with buying interest seen in Auto, IT, and Pharma. ![]() Further decline in India VIX by 4% to 10.9 added to the positivity. Nifty surged to new highs amid buying in index heavy weights and closed with gains of 89 points at 20,192 levels. "Domestic equities continued their winning streak following their global peers boosted by better-than-expected Chinese and US economic data as well as optimism that the European Central Bank may be close to peak interest rates.
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