Technical & Fundamental analysis on Nifty 50 constituents. We decode the charts of Reliance, HDFC, and TCS for you.
Our latest technical setups and fundamental views.
Technical View: Stock has formed a "Cup and Handle" pattern on the weekly chart. A breakout above 2,650 could trigger a new rally towards 3,000. RSI is showing bullish divergence.
Fundamental View: Trading at historically low valuations (P/B ratio 2.8x). FII selling pressure is reducing. We see this as a high-margin safety play for long-term accumulation.
Trend Watch: Strong momentum in infrastructure. Moving averages (50 EMA) are supporting the uptrend. Volume analysis suggests institutional accumulation.