Technical Analysis of MANAPPURAM & CENTRALBK 1. Stock name: Manappuram Finance Ltd. Pattern: Cup and handle pattern Time frame: Weekly Since November 2021, the stock has been on a downward trend. Between February 2022 and November 2023, it formed a cup and handle pattern on the weekly chart. In Nove...
Technical Analysis of CANBK & HOMEFIRST 1. Stock name: Canara Bank Pattern: Cup and handle pattern Time frame: Weekly Observation: Since April 2018, the stock has exhibited a sideways trend. From April 2019 to September 2023, a cup and handle pattern emerged on its weekly chart. In September 2023, t...
Technical Analysis of NIACL & SUNTV 1. Stock name: The New India Assurance Company Ltd. Pattern: Double bottom pattern Time frame: Weekly Observation: Since May 2018, the stock has experienced a consistent decline. Between April 2019 and November 2023, there was a stabilization phase, marked by a do...
Technical Analysis of BPCL & NAZARA TECHNOLOGIES 1. Stock name: Bharat Petroleum Corporation Ltd. Pattern: Cup and handle pattern Time frame: Weekly Observation: Since September 2021, the stock has maintained a downward trend. From April 2022 to November 2023, there was a stabilization, forming a cu...
What are Corporate Actions? Recently, we have come across HDFC Bank & HDFC Ltd. merger, Jio Financial Services listing, TCS Buyback etc. Now, after looking at all these events, we might encounter a question why is it done? So, to understand the reasons and implications of these events, let us unders...