Relaxo Footwears Limited forms an ascending triangle price pattern on the weekly charts. Read onto find out more.

Considering the daily timeframe, the stock of JK Cement Limited has bounced from the edge of the rising trendline support (on a logarithmic scale) formed by connecting swing lows from May 12, 2020, and coincides with the 50-day exponential moving average.

The stock of Vedanta Limited has formed a descending hawk candlestick pattern on the daily timeframe. The descending hawk pattern closely resembles a bearish harami or inside day pattern except for the fact that in descending hawk pattern, both the bodies are green rather than opposite in colour.

Considering the daily timeframe, the stock of Axis Bank Limited has given a downward sloping trendline breakout, formed by connecting swing highs since November 2020. This breakout is confirmed by the above 50-day average volume.

Sensex gained by 260.98 points or by 0.54 per cent on Tuesday to settle at 48,437.78. Following is a list of stocks that will remain in focus today - ACC, BEML, Avanti Feeds, HDFC & ONGC.  

Though bulls are expected to show some movement in today’s trading session, gains may be capped due to mixed cues from the global indices.  

Salasar Adorus Infra LLP, a subsidiary of Salasar Techno Engineering Limited has received orders for Bangalore Metro Corporation Rail Project, which is estimated to be worth Rs 252 crore. 

Gravita India Limited has signed an annual agreement with Luminous Power Technologies Private Limited (Gurugram) for supplying 12,000 MT of refined lead and lead alloys, to be executed in 2021, which at current lead prices, would be an approximate contract value of Rs 180 crore.

The market opened in red on January 05, 2021, overall volumes in futures & options currently stand at 2,72,45,492 contracts with a turnover of Rs. 24,11,220.96 crore.

The market opened in red on January 05, 2021.