Bullhorn stocks and bear ear stocks: 5 names that have been in focus
Nifty is under a hibernation period for the past 5 trading sessions in the range of 19,500 to 19,300. Near-term underlying tone remains positive as far as the index sustains above 19,250-level and a bullish continuation sign can be validated above the 19,500-level. Below 19,250, Nifty has the next best support in the zone of 19,000 to 18,880.
In the past 5 trading sessions, Bank Nifty has been sliding. It indicates relatively weak performance as compared to Nifty. Bank Nifty could test the 44,400 to 44,150 level.
From a sectoral perspective, some strong sectors like realty and pharma are near their resistance but as of now, no weakness has been observed. At the same time, some laggard industries like Oil & Gas, metal, and media stocks have started to pick up movement. Within Oil & Gas sector, OMC has a good structure, dips can be utilized as buying opportunities.
Bullish Stocks of the Week Kotak Mahindra Bank Kotak Mahindra Bank share price has been on tight consolidation for almost 3 years. Recent low took support at long term moving average followed by breach of trendline. Retest of trendline is a bullish continuation sign.
View will remain positive as far as stock sustain above 1820 and it has upside potential upto 1970. Escorts On higher time frame, Escorts stock has taken support at moving average followed by downward sloping breakout. On given chart, Stock has moved out from strong base which is bullish continuation sign.
After time wise correction, stock has given multiday breakout. Escorts will be in bullish zone above 2190 level. Coromandel Stock is at lower arm of rising channel which has born in year 2015.
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