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Tuesday, March 9, 2021

LIVE Market Technicals with CK Narayan

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If you care to look at technical charts before taking investment/trading decisions in the stock market, this is the place you should be visiting regularly. CK Narayan of Chart Advise, Dalal Street’s most seasoned and arguably senior-most expert in market technicals, will share his technical tips on the go right here on this page. Stay logged in!


INDUSIND BANK

Most bank stocks were trading in the red yesterday except for IndusInd Bank. The daily chart shows the stock has pulled back to the top of prior advances and reversed that reaction with a bullish candle yesterday. Follow through price action upward would create more gains towards Rs 625-30 levels today and ahead.

image (45)ET CONTRIBUTORS

AURO PHARMA

In the revival seen among pharma counters in yesterday’s session, a stock that could bound up further is Auro Pharma. The 30-minute chart attached shows the formation of a small rounding pattern at the end of a multi day corrective move. This is now being accompanied by a sharp drive in the RSI and this suggests further gains are likely. One can buy for a run towards Rs 830-40 in the near term.

image (46)ET CONTRIBUTORS

(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)

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