KPIT Technologies Ltd is likely to give an ascending triangle breakout on the weekly charts. Read on to find out more. 

JMC Projects (India) Limited has bagged new orders worth Rs 698 crore that includes building projects in South India. This order win belongs to the company’s B&F (buildings & factories) business segment.

Reliance Industries: Reliance Industries Limited completes the acquisition of equity shares of IMG- R. Accordingly, IMG-R has become a wholly-owned subsidiary of the company. 

D-Street bulls seemed unstoppable on Tuesday as they continued to grind higher for the fifth successive day. However, the only regret was that despite having a super start to the day, they failed to touch the milestone of 14,000 levels. Nevertheless, it seems that today, they would finally touch the 14,000 mark as SGX Nifty indicates a wonderful start for the markets (up by 0.44 per cent). 

On a YTD basis, Bank Nifty is still down by 2.6 per cent whereas, Nifty, on a YTD basis, is up by 14.50 per cent. So, Bank Nifty has a lot to catch up with Nifty and this makes us believe that Bank Nifty would continue to outperform in the coming days. 

The stock of Quick Heal Technologies has formed a spinning top candlestick pattern as of March 27, 2020, and thereafter, marked the sequence of higher tops & higher bottoms. The stock has witnessed more than 190 per cent upward momentum from its 52-week low to the high of Rs 183.30 level. 

The stock of Cholamandalam Financial Holdings Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

AU Small Finance Bank has informed that it has entered into a strategic partnership with ICICI Prudential Life Insurance Company to offer personalised insurance solutions to enhance the customer experience. The former aims to offer customised & goal-based life insurance solutions. 

The domestic benchmark indices continued to hit record highs as investors cheered on positive global & domestic cues. On Tuesday, Sensex gained by 259.33 points or by 0.55 per cent to settle at 47,613.08 levels while Nifty closed up by 59.40 points or 0.43 per cent at 13,932.60 levels.  

Dhanuka Agritech is probably giving a breakout from a descending triangle chart pattern on the weekly charts. Read on to find out more.