On Wednesday, the stock has formed an Evening Doji Star candlestick pattern on the daily time frame. Evening Doji Star is a reversal candlestick pattern that is bearish in nature and appears at the end of an uptrend.

On Wednesday, the stock has given a 36-days consolidation breakout on the daily chart. This breakout was supported by a robust volume of nearly 4 times of 50-days average volume, which indicates important buying interest.

The stock of Vodafone Idea Limited has surged above its 200-DMA. Today, the short covering has been witnessed in September futures. Read onto know what the technical chart, as well as the options data, are suggesting about the stock.

The stock of ITC Limited has given a trendline breakout on the daily chart. Today, the 230CE of September series has gained over 900 per cent. Read onto know what the technical chart, as well as option chain, are suggesting about the stock.

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

Considering the daily chart, the stock has given a 40-day consolidation breakout. This breakout was supported by a robust volume of more than five times of 50-day average volume, indicating strong buying interest by the market participants.

This is an extremely rare pattern and usually occurs at the top of an uptrend. Generally, we rely on the typical momentum indicators or oscillators for recognising an overbought and oversold condition of the stock. However, this Japanese candlestick pattern gives us a unique way to recognise the time when the momentum is about to wane out. 

On Tuesday, Nifty Media index gained over 14 per cent and also surged above its prior swing high, which was registered in the month of June. The stock of Network 18 Media & Investments has gained nearly 7 per cent. The stock has also given a 60-day consolidation breakout.

The benchmark index Nifty has formed a dragonfly Doji candle on the daily chart. The long lower shadow of the candle is indicating that all the dips are being bought. Let’s have a look at some technical charts for the short term.

The broader markets were seen outperforming the frontline gauge with Nifty Midcap 100 and Nifty Smallcap 100 soaring over 0.45 per cent & 0.54 per cent, respectively. The advance-decline ratio was marginally in favour of advancers.

The stock has relatively outperformed the frontline indices in the recent upward rally. Also, the stock relatively outshines Nifty 500 with a decent margin. The relative strength comparative chart with Nifty and Nifty 500 is in rising mode.

The stock of HDFC Life Insurance Company Limited has given a trendline breakout on the daily chart. Today, the 800CE of September series has gained over 500 per cent. Read onto know what the technical chart and option chain are suggesting about the stock.  

The stock of Adani Enterprises Ltd has formed a strong base in the zone of Rs 1,201-Rs 1,332 levels while on Tuesday, it moved out of the consolidation along with robust volume. Read onto know what the technical chart and the momentum indicators are suggesting about the stock.

The stock of Apollo Hospitals Enterprise Ltd surged nearly 5 per cent on Tuesday. It has given a breakout of the bullish flag pattern on the daily chart. Read onto know what the technical chart and the momentum indicators are suggesting about the stock.

Month to date, the stock of Bajaj Finserv has gained nearly 12 per cent. On Wednesday, the stock had formed a dark cloud cover candlestick pattern on the daily chart. Read onto know more about what the momentum indicators & oscillators suggest for the stock.

The stock of Indian Energy Exchange Limited has bounced exactly from the edge of the rising trendline. Read onto know what the technical chart suggests about the stock.

The stock of Dr Reddy’s Laboratories Limited has lost over 18 per cent in just 32 trading sessions. However, on the daily chart, the stock had formed a bullish candle on Tuesday, which indicates a pullback rally ahead. Read this article to know what the technical chart suggests about the stock.

On Friday, the stock had gained nearly 5 per cent and formed a bullish engulfing pattern on the daily chart. Read onto know more about the technical formation on the chart.

The stock of Britannia Industries Ltd has given a downward sloping channel breakout on the weekly chart. This breakout was confirmed by the above 30-week average volume. The big volume on the breakout implies the urgency of buying.   

The stock of Vedanta Limited has lost nearly 20 per cent in just three trading sessions. Read onto know more about the technical formation on the weekly chart. 

Among the bouquet of pharmaceutical stocks, one stock that stands out is Lupin. The stock is up by 15 per cent month-to-date and it is trading above its important moving average.

One of the largest generic pharmaceutical companies by revenue globally, Lupin Limited is poised for a technical breakout on the daily chart. Read onto know what the momentum indicators and volumes are suggesting about the stock.

This upside breakout is also accompanied by a robust move on the chart of relative strength comparison with the benchmark indices, Nifty and Nifty 500.

On Tuesday, the stock of Maruti Suzuki India Limited gained nearly 5 per cent. On the technical chart, the stock had formed a notable bullish pattern. Read onto know what the technical chart indicators are suggesting about the stock. 

The momentum indicators and oscillators are also supporting the bearish chart formation. The RSI and stochastic have given a bearish crossover on the daily chart, which is a bearish sign.

The stock of JSW Steel Limited has witnessed over 49 per cent upside from the low of Rs 428.50, which was registered on March 25, 2021.

On Thursday, the stock of Happiest Minds Technologies Limited had surged over 10 per cent after the breakout of bullish continuation pattern. Read onto know what the technical chart and momentum indicators suggest about the stock.

On Thursday, the stock of Lincoln Pharmaceuticals Limited had gained over 5 per cent. Read onto know what the technical chart suggests about the stock. 

SGX Nifty is Nifty Futures contract, which trades on Singapore Stock Exchange. It starts trading early morning, approximately 3 hours before the Indian market, and trades for 16 hours on Singapore Stock Exchange while in comparison, Nifty trades for 6 hours & 15 minutes in the Indian Stock exchange, i.e. on NSE & BSE.

Why is the bearish engulfing pattern considered the most prominent reversal candlestick pattern? Read onto know more about the psychology behind this. 

The stock of ITC Limited plunged nearly 4 per cent on the last trading session of the week. Read onto know more about what the F&O data suggests about the stock.

The stock has witnessed a nearly 530 per cent upside momentum from the low of Rs 15.85, which was registered on March 30, 2020 and has given 46.22 per cent returns from year-to-date. 

The stock's relative strength index (RSI) has reached its highest value in the last 14-days, which is bullish. Also, it has managed to close above the 60 mark after a span of almost 23 trading sessions. The MACD is above the zero line and signal line. The MACD histogram suggests bullish momentum.

On Monday, the stock of Advanced Enzyme Technologies Limited surged by nearly 9 per cent. Read onto know more about what the technical chart of the stock suggests.

From the low of Rs 64.50, the stock of Bank of Baroda has seen nearly 38 per cent upward momentum in just six trading sessions. Read onto know more about what the technical chart of the stock indicates. 

The stock of Aditya Birla Fashion & Retail Limited (ABFRL) has gained over 10 per cent in the last two trading sessions. Read onto know more about what the technical chart of the stock indicates.

Moreover, there has been a negative divergence between the daily RSI, daily stochastic and the stock price movement, which suggests a limited upside. A negative divergence occurs when the price is making a higher high, while the indicators form a lower high.

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

Further, this breakout is supported by a robust volume of nearly double the 50-day average volume, indicating a strong buying interest by the market participants.

The stock of IndusInd Bank Limited surged nearly 15 per cent on Monday. Read onto know more about what the option data say about the stock.

On the final trading session of the week, the stock of Maruti Suzuki India Limited plunged by over 5 per cent. Read onto know what the technical chart of the stock indicates.

The stock of GameStop Corporation, the omnichannel video game retailers, has witnessed over 2,300 per cent upward momentum in just 11 trading sessions. Read onto know what the technical chart of the stock indicates. 

From the high of Rs 2,369.35, which was registered on September 16, 2020, the stock of Reliance Industries has lost almost 20 per cent. On Wednesday, the stock slipped below its 200-DMA for the first time after April 22, 2020, which is a bearish sign.

The stock of Computer Age Management Services Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

On Monday, the stock of IndusInd Bank Limited tumbled by nearly 5 per cent. The technical charts of the stock are not encouraging at present. Read onto know more about the technical chart of the stock.

On Monday, the stock had given a neckline breakdown of Adam & Adam double top pattern. Along with this neckline breakdown, the stock, after a span of over four months, had closed below its crucial short-term moving average i.e. the 34-day EMA.

The stock of HSIL Limited has gained nearly 28 per cent in just five trading sessions. Read onto know more about what the technical chart indicates about the stock.

From the low of Rs 1,468, the stock of Tata Elxsi Limited has gained nearly 76 per cent in just 23 trading sessions. However, on Thursday, the stock has formed a bearish engulfing candlestick pattern on the daily chart, which suggests a pause in the uptrend.

The stock of Reliance Industries Limited will report its Q3 result today. Read onto know more about what the option chain indicates about the stock.

The stock of Bank of Baroda has given a downward sloping trendline breakout as of December 21, 2020, and thereafter, marked the sequence of higher tops & higher bottoms. The stock has gained nearly 43 per cent upside in just 37 trading sessions. 

The derivatives data is also suggesting a long build-up in the stock. On Wednesday, January series stock future saw 18,90,000 addition of open interest, which is 15.63 per cent addition in the open interest. It indicates that there is a long build-up in the market.

The stock of Bajaj Finserv Limited will report its Q3 result today. Read onto know more about what F&O data suggests about the stock.

The stock of L&T Finance Holdings Limited surged over 7 per cent on Tuesday. Read on to know more about what the option data say about the stock.

The price of Bitcoin today is US$ 36,290.39 with a 24-hour trading volume of US$ 50,85,98,29,453. Bitcoin is up by 5.03 per cent in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of US$ 6,75,13,56,93,328.

Interestingly, on December 18, 2020, the stock had witnessed a ‘golden crossover’, which is considered a long-term bullish sign. In technical parlance, the golden crossover occurs when a short-term 50-day simple moving average crosses above the long-term 200-day simple moving average on any indices or stocks.

The stock of HDFC Asset Management Company Limited has formed a hammer candlestick pattern as on September 25, 2020, and thereafter, marked the sequence of higher tops & higher bottoms. The stock has witnessed over 62 per cent upside momentum from the low of Rs 2,070.05, which was registered on September 25, 2020.

Interestingly, the 14-period daily RSI has also given a downward sloping trendline breakout, which is a very bullish sign. The daily MACD stays bullish as it is trading above its zero line and signal line. The histogram is suggesting a pickup in the upside momentum.

IIFL Finance was picked by our Bollinger Band squeeze scanner, which suggests that the stock is near a consolidation breakout. Bollinger Band squeeze occurs when the volatility falls to low levels and the band narrows. A volatility contraction or narrowing of the bands can foreshadow a significant advance or decline.

The stock of GNA Axles had given a downward sloping trendline breakout on December 31, 2020, and thereafter, witnessed over 41 per cent upside in just nine trading sessions. During this northward journey, the stock has marked the sequence of higher highs & higher lows for nine consecutive trading sessions.

The derivatives data is also suggesting a long build-up in the stock. On Tuesday, January series stock future of Bank of Baroda was seen with 1,09,62,900 addition of open interest, which is 18.53 per cent addition in the open interest. It indicates that there is a long build-up in the market.

Further, this breakout is confirmed by a robust volume of nearly seven times the 50-day average volume, indicating a strong buying interest by the market participants. The 50-day average volume was 11.32 lakh, while on Tuesday, the stock had witnessed a total volume of 74.35 lakh.

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.

Currently, the stock has given an ascending triangle pattern breakout on the daily timeframe. This breakout is confirmed by the above 50-day average volume. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern.

For January series, the highest call open interest is at 700 strikes with 17,28,900 OI. On the put side, the highest put open interest is at 650 strikes with 25,50,000 OI. Today, the highest addition in the open interest was seen at 770 calls of January expiry with 11,74,700 OI while on the put side, 650 puts have seen the highest addition in the open interest with 25,50,000 OI. 

The derivatives data is also suggesting a long build-up in the stock. On Monday, January series stock future saw 3,72,000 addition of open interest, which is 27.33 per cent addition in the open interest. It indicates that there is a long build-up in the market.

The derivatives data is also suggesting a long build-up in the stock. On Friday, January series PNB stock future saw 5,80,64,000 addition of open interest, which is 169.34 per cent addition in the open interest. It indicates that there is a long build-up in the market.

The open interest data is also supporting the same phenomenon. As for January monthly expire, the highest call open interest is at 75 strikes with 70,87,000 OI, followed by the 77 strikes call option with 24,32,000 OI. This suggests that the zone of Rs 75-Rs 77 will be a major hurdle for the stock.

Interestingly, the leading indicator i.e. the 14-period weekly RSI has surged above the 60 mark for the first time since June 2018. The weekly RSI is currently quoting at 62.21 and it is in a rising mode.

Interestingly, on both the weekly and the daily chart, the leading indicator is in a super bullish range as per the RSI range shift rules. The daily MACD stays bullish as it is trading above its zero line and signal line. The histogram is suggesting a pickup in the upside momentum.

The stock of Emami Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout. Bollinger Band Squeeze occurs when the volatility falls to low levels and the band narrows. A volatility contraction or narrowing of the bands can foreshadow a significant advance or decline.

From the low of Rs 2,910, which was registered on March 25, 2020, the stock of UltraTech Cement Limited has maintained its rhythm of higher highs & higher lows. The stock gained more than 84 per cent from its 52-week low and has given over 32 per cent returns from year-to-date. 

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.

On Monday, the stock had given a breakout above the neckline of a double bottom formation. This breakout is confirmed by the above 50-day average volume. Additionally, the stock had formed a sizeable bullish candle on the breakout day, which adds further strength to the breakout.

The stock of Coromandel International has given an ascending triangle breakout on the daily timeframe. Further, the breakout is supported by a robust volume of more than 3 times of the 50-day average volume, indicating a strong buying interest by the market participants.

Interestingly, the leading indicator i.e. the 14-period daily RSI has also given a symmetrical triangle pattern breakout, which is a bullish sign. The daily ADX is currently quoting at 24.63 levels and it is in a rising mode.

On Monday, the stock had given a neckline breakdown of Adam & Adam double top pattern. Along with this neckline breakdown, the stock, after a span of almost 33 trading sessions, had closed below its crucial short-term moving average i.e. the 20-day EMA. 

The stock of Firstsource Solutions Limited was trading in an upward channel since October 2020. However, on Monday, the stock has given a breakdown of the upward sloping trendline of the rising channel, which suggests a correction before another northward journey.

The identical three crows’ candlestick is a bearish reversal pattern. The pattern occurs when the bears overtake the bulls during three consecutive trading sessions. The pattern shows three bearish long body candles on the pricing chart with short or no shadows. This pattern usually indicates a weakness in an established uptrend as well as the potential emergence of a downtrend.

The stock of SpiceJet Limited has given a downward sloping trendline breakout as on November 11, 2020, and thereafter, witnessed over 100 per cent upside in just 21 trading sessions. However, on Monday, the stock has formed a bearish island reversal pattern on the daily chart.

The stock of Shipping Corporation of India Limited has given a downward sloping trendline breakout as of November 26, 2020, and thereafter, witnessed a nearly 63 per cent upward move in just 11 trading sessions. However, on Friday, the stock formed a reversal dark cloud cover candlestick pattern, which signals a possible trend reversal.

The stock's relative strength index (RSI) has reached its highest value in the last 14 weeks, which is bullish. It has also managed to close above the 60 mark after a span of almost seven months.

The stock of Zensar Technologies Limited has formed a hammer candlestick pattern as on the weekend of March 27, 2020, and thereafter, marked the sequence of higher tops & higher bottoms. The stock gained more than 308 per cent from its 52-week lows and has also given over 49 per cent returns from year-to-date.

The pattern occurs when bears overtake the bulls during three consecutive trading sessions. On the pricing chart, the pattern showcases three bearish long body candles with short or no shadows. This pattern usually indicates a weakness in an established uptrend as well as the potential emergence of a downtrend.

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

This is an extremely rare pattern and usually occurs at the top of an uptrend. Generally, we rely on the typical momentum indicators or oscillators for recognising an overbought and oversold condition of the stock. However, this Japanese candlestick pattern gives us a unique way to recognise the time when the momentum is about to wane out.

Currently, the stock has given a 38-days consolidation breakout. Further, the breakout is supported by a robust volume of more than double of 50-days’ average volume, indicating strong buying interest by the market participants.

Along with this trendline breakout, the stock has also managed to close above the upper Bollinger band and started band walk, which is a very bullish sign. Currently, the stock is trading above its short and long-term moving averages.

The stock of Sequent Scientific Limited has given a cup & handle pattern breakout on the daily timeframe. This breakout is supported by robust volumes. The length of the cup with handle pattern was 42 trading sessions while the depth of the pattern was nearly 19 per cent.

Considering the daily timeframe, the stock has given a pennant pattern breakout. This breakout was confirmed by the robust volumes. The height of the pennant’s pole is almost 125 points. A pennant is a short-term trend continuation pattern and the breakout above the downward sloping trendline signals that the previous uptrend has resumed.

This is an extremely rare pattern and usually occurs at the top of an uptrend. Generally, we rely on the typical momentum indicators or oscillators for recognising an overbought and oversold condition of the stock. However, this Japanese candlestick pattern gives us a unique way to recognise the time when the momentum is about to wane out.

The stock of KNR Constructions Limited has given a downward sloping trendline breakout on the weekly timeframe, formed by connecting swing highs from December 2017. Further, the breakout is supported by a robust volume of more than double of the 50-week average volume, indicating a strong buying interest by the market participants.

On Friday, the stock Indian Railway Catering & Tourism Corporation Limited has surged over 12 per cent and marked an intraday high of Rs 1,597. Technically, the stock has given a downward sloping trendline breakout on the daily timeframe formed by connecting swing highs since June 2020.

The stock of Poly Medicure Limited was picked by our Bollinger Band squeeze scanner, which suggests that the stock is near a consolidation breakout.

Considering the daily timeframe, the stock of Indiabulls Real Estate has given a pennant pattern breakout on the daily timeframe. The height of the pennant’s pole is almost 16 points. This breakout was confirmed by the robust volumes.

Interestingly, the RSI has also given a neckline breakout of inverted head & shoulders pattern, which is a very bullish sign. The stochastic is also suggesting a bullish momentum as the fast stochastic line is trading below its slow stochastic line.

The stock of Natco Pharma Limited was picked by our Bollinger Band squeeze scanner, which suggests that the stock is near a consolidation breakout.

On Tuesday, the stock has formed a bearish engulfing candlestick pattern on the daily timeframe, which suggests a possible trend reversal. The bearish engulfing candlestick pattern is considered to be a bearish reversal pattern that usually occurs at the top of an uptrend.