Key Points
Sectorally, selling pressure was seen in banks, telecom, auto and realty stocks...
Stocks that were in focus include names like Tech Mahindra that was up nearly 7%, NCC pared gains after hitting fresh 52-week high and Hindustan Aeronautics fell nearly 2% after hitting a 52-week high of Rs 2,915 on Monday.. Here's what Jatin Gohil, Technical and Derivative Research Analyst, Reliance Securities Limited at recommends investors should do with these stocks when the market resumes trading today:..
On the higher side, the stock faced hurdle around its short-term supply zone of Rs 1,160 and formed a longer higher shadow pattern-Shooting Star on the daily chart...
On 13th March 2023, the stock reversed from its 52-week high of Rs 102.50 and formed a bearish pattern on the daily chart with above-average volume...
Though, the stock rose to a lifetime-high of Rs 2,914 on 13th March 2023, later reversed and formed a bearish engulfing pattern right after multiple indecisive dojis on the daily timeframe chart...
