Latest news with #ExponentialMovingAverage
Economic Times
2 days ago
- Business
- Economic Times
Stock Radar: Torrent Pharma stock gives a breakout from falling trendline resistance; what should investors do?
Torrent Pharma Ltd, part of the pharma space, witnessed a bounce back from its 200-days Exponential Moving Average (EMA) support on the daily charts back in June 2025. The momentum helped the stock to break out from falling trendline traders with a high-risk profile can look to buy stock for a target of Rs 3,600 in the next 1-2 months, suggest pharma stock hit a high of Rs 3,589 on 10th October 2024, but it
Economic Times
3 days ago
- Business
- Economic Times
Stock Radar: Why is Hindustan Zinc looking good for a short-term bounce after falling over 35% from highs?
Hindustan Zinc Ltd, part of the Zinc industry, has taken support above the 200-week Exponential Moving Average (EMA) on weekly charts. On the daily charts, it has found support above the upward sloping traders with a high-risk appetite can look to buy the stock now for a possible bounce back towards Rs 455-485 in the next few weeks, suggest Zinc stock hit a high of Rs 672 on July 18, 2024, but it failed to hold
Mint
4 days ago
- Business
- Mint
JSW Infra to Lodha - Vinay Rajani of HDFC Sec suggests these stocks to buy in the near-term
Stock market today: Indian stock markets was trading in red on Monday due to concerns over valuations combined with disappointing earnings for the first quarter of the current financial year. At 13:44 IST, Nifty 50 index was trading at 25,045 . 85, decreasing by 103.05 points or 0.41%, while the Sensex was at 82,130.57, falling by 356.54 points or 0.43%. Analysts attribute the cautious opening to a combination of elevated valuations, underwhelming corporate performance, and global uncertainties. On the technical front, according to Vinay Rajani from HDFC Securities, Nifty 50's next crucial support is now seen near 25,000, 50-day Exponential Moving Average. Rajani has recommended two stock to buy for short-term. Here's what he expects from Indian stock market next week, along with his stock recommendations. Market Views - Vinay Rajani, Senior Technical and Derivative Analyst, HDFC Securities Nifty 50 Last week, the Nifty 50 lost 1.22% and closed below its 20 days SMA placed at 25,265. Nifty 50 has violated the support of its upward-sloping trendline, which connects previous swing highs of 25,116 and 25,222. The next crucial support is now seen near 25,000, 50-day Exponential Moving Average which also coincides with the lower trendline of a rising wedge pattern on the daily chart. A decisive close below 25000 could trigger momentum selling, potentially dragging the Nifty 50 towards a positional support of 24,500. The recent swing high of 25,549 is not expected to act as strong resistance, and caution is advised unless this level is decisively breached. Bearish signals from indicators and oscillators like MACD and RSI on the daily chart further suggest potential weakness. Also Read | Stocks to buy for short term: Jigar Patel of Anand Rathi is bullish on 3 shares Bank Nifty Similarly, Bank Nifty is also trading within a rising wedge pattern on its daily chart, with the lower trendline of the wedge placed at 56,600 in the spot market. A close below this level would signal a fresh breakdown, potentially pushing the index towards supports at 55,900 and 55,150. Broader market indices also show signs of weakness; the NSE500 index has violated multiple trendlines and its 20-day DMA on a closing basis. Both Nifty Midcap100 and Smallcap100 indices have confirmed a 'Doji'; reversal pattern after a prolonged uptrend on their weekly charts, with a subsequent bear candle reinforcing this bearish reversal. On the global front, after a bullish breakout on positional charts, the MSCI Emerging Market index has formed a 'Doji' candlestick, which could lead to a 'throwback'; fall towards its previous breakout point. Conversely, the Dollar Index, after a prolonged downtrend, has formed a 'Doji'; candle followed by a bullish candle on its weekly chart, signaling a potential bullish reversal. Given the negative correlation between the Dollar and Emerging Market equities, this suggests a possible downward movement in emerging markets and an upward trajectory for the Dollar Index from current levels. Nifty 50 Strategy : Short term Trend of Nifty 50 has turned weak. Recent swing high of 25,550 should be surpassed to negate the further downside. Momentum selling may emerge below the crucial support of 25,000 in Nifty 50, which could drag the index further towards positional support of 24,500. Traders should cut longs and go short below 25,000 in Nifty 50 for the downside target of 24,500, keeping stoploss at 25,350. Also Read | Dharmesh Shah recommends THIS stock to buy today- 14 July 2025 Technical Picks: Stocks to buy in the near-term Vinay Rajani of HDFC Securities recommends these two stocks in the near term - JSW Infrastructure Ltd, and Lodha Developers Ltd. Buy JSW Infrastructure ( ₹ 319) | Target ₹ 350 | Stop-loss ₹ 304 JSW Infra share price has broken out from symmetrical triangle pattern on the weekly chart. Price rise was accompanied by jump in volumes. Stock price has been sustaining above 50 DEMA and 200 DEMA. Weekly RSI has reached above 50, indicating a sustainable up trend. Weekly MACD is now placed above signal and equilibrium line. Buy Lodha ( ₹ 1,396): | Target ₹ 1,621 | Stop-loss ₹ 1,300 Lodha share price has broken out from the descending triangle pattern on the weekly chart. Stock is placed above key moving averages, indicating bullish trend on all time frames. Realty sector index has been outperforming for last couple of weeks. Monthly RSI has given bullish crossover, which indicates strength in the stocks. Volumes have risen along with the recent price rise. Stock has been forming higher tops and higher bottoms on the daily and weekly chart. Also Read | Stocks to buy under ₹100: Experts recommend six shares to buy today Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
10-07-2025
- Business
- Mint
TCS share price: Is this a stock to buy ahead of Q1 results 2025, dividend announcement?
TCS share price: The board of directors of Tata Consultancy Services (TCS) has fixed its meeting on 10 July 2025 to consider and approve Q1 results 2025. The TCS board members will also consider the proposal for the first interim dividend for its shareholders, which will be payable during the financial year 2025-26. So, the TCS share price will remain in focus during the Thursday session. According to stock market experts, the Indian IT major will likely announce modest performance amid geopolitical and tariff-related headwinds. They said the company's revenue growth is expected to be driven by the BFSI and energy sectors, while healthcare and other verticals may lag behind due to cautious client spending. They said that the TCS share price is range-bound in the ₹ 3,150 to ₹ 3,600 apiece range. A decisive breakout on either side of the range will decide the Indian IT major's future course of action. Speaking on the numbers the market expects from TCS Q1 results today, Seema Srivastava, Senior Research Analyst at SMC Global Securities, said, "The company is likely to announce modest performance amid geopolitical and tariff-related headwinds. The company's revenue growth is expected to be driven by the BFSI and energy sectors, while healthcare and other verticals may lag due to cautious client spending. Geopolitical uncertainties, particularly US tariff threats under a potential Trump administration, pose significant risks, potentially increasing costs for TCS's US clients and reducing IT spending. Additionally, strained US-China relations and stricter H-1B visa policies may complicate talent mobility, impacting margins." However, the SMC Global Securities expert, a professional chartered accountant (CA), said that TCS's robust deal pipeline and order book signal resilience, and its strong BFSI exposure provides some cushion. "Management commentary on Generative AI adoption and FY26 guidance will be pivotal in understanding the company's future growth prospects. TCS's forex gains offer some protection, but tariff uncertainties and global macroeconomic pressures temper optimism. The company's ability to navigate these challenges and drive growth through its strong BFSI exposure and deal pipeline will be closely watched," Seema Srivastava of SMC Global Securities added. Speaking on the technical outlook of TCS share price, Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi said, "On the daily chart, TCS share price remains under selling pressure and continues to trade below its 200-day Exponential Moving Average (EMA), which is placed at ₹ 3700 — a key resistance level that reinforces the ongoing bearish sentiment. Currently, TCS shares are consolidating within a trading range of ₹ 3150 to ₹ 3600. A breakout on either side of this range will be crucial in determining the stock's next directional move." In the previous quarter, the Indian IT major reported a slight decline in profit, a modest rise in revenue from operations, and a final dividend for the last financial year. The company surpassed the $30 billion revenue milestone and underscored that a strong order book reinforces confidence in its long-term resilience. According to the company's exchange filing, TCS's consolidated profit after tax (PAT) for Q4FY25 stood at ₹ 12,224 crore. It was 1.7 per cent down from the profit of ₹ 12,434 crore reported for the corresponding quarter of the previous financial year. Consolidated revenue from operations for the quarter stood at ₹ 64,479 crore, growing 5.3 per cent year-on-year against ₹ 61,237 crore in the same quarter last year. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
17-06-2025
- Business
- Mint
Shares to buy or sell: Sachin Gupta of 5paisa recommends CAMS, Oberoi Realty shares today
Stock market today: Indian stock markets began on a favourable note on Tuesday, maintaining the upward trend from the earlier session. Nevertheless, increasing geopolitical tensions in the Middle East are making investors globally anxious. The Nifty 50 index started at 24,977.85, rising by 31 points or 0.13%, while the BSE Sensex opened higher by 79 points at 81,869.47, reflecting a gain of 0.10% in initial trading. Analysts noted that while the market's momentum is positive, escalating tensions between the US and Iran could pose a significant concern. Sachin Gupta at 5paisa recommends two stocks on Tuesday — Computer Age Management Services Ltd (CAMS), and Oberoi Realty Ltd. The Nifty 50 index surged 227.9 points to close at 24,946.5, up 0.92%, as broad-based buying lifted the benchmark to a new high. The market sentiment remained overwhelmingly positive, with 44 of the 50 constituents ending in the green. The index has bounced back strongly on broad-based buying. All the sectoral indices were positive. It has breached both the near term and medium term trend lines. This suggests fresh support from the 20Days EMA. Nifty 50 has been in the 24,500 to 25,000 rectangle pattern for more than a month. Even after the recent breach of 25,000, it could not sustain the strength. As such, breaching these levels convincingly remains a key for near term outlook. Near term support and resistance are at 24,770/24,660 and 25,123/25,233. On shares to buy on Tuesday, Sachin Gupta recommends two stocks on Tuesday — Computer Age Management Services Ltd (CAMS), and Oberoi Realty Ltd. CAMS share price has recently rebounded from its 200-day Exponential Moving Average (EMA), a key long-term support level that often attracts fresh buying interest. This bounce also coincides with the 38.2% Fibonacci retracement level, suggesting that the recent pullback was a healthy correction within a broader uptrend. Furthermore, the price has moved above the middle Bollinger Band, indicating a shift in short-term momentum toward the upside. Based on these technical factors, CAMS appears well- positioned for further gains in the near term. Traders are advised to look for buying opportunities in CAMS around the ₹ 4,100–4,120 range, targeting 4,270 and 4,380 levels. A stop loss is recommended at ₹ 3,935 on a closing basis to manage risk effectively. On the weekly chart, Oberoi Realty share price has been hovering above the 50% retracement level, which continues to act as a strong immediate support area. On the daily chart, the price structure remains healthy, characterized by a series of higher tops and higher bottoms — a classic indication of an ongoing uptrend. Additionally, the stock recently took support at a rising trendline, further reinforcing the strength of its current bullish trajectory. This rebound is also backed by increasing volumes on the daily chart, highlighting renewed buying interest and accumulation at lower levels. Based on this technical structure, we anticipate continued bullish momentum in Oberoi Realty in the short term. On the downside, key support is seen around 1,830, while resistance is placed at 2,050 and 2,100 levels. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
