Aurobindo Pharma Ltd (NSE:AUROPHARMA) is today’s top gainer from Nifty 50 stocks. The stock went on to close near 800 levels after getting approvals from the US health regulator for antihyperlipidemic (cholesterol) drug Rosuvastatin calcium tablets.Read more
Dr.Reddy’s Laboratories Ltd (NSE:DRREDDY) is one of the heavily beaten down stocks in the turmoil. In just three months time, the stock went down from 52 weeks high of 4386 levels to 52 weeks low of 2750. Over the last three month the stock was continuously making lower low, but the last week was different for Dr. Reddy.Read more
Dabur India Ltd (NSE:DABUR) is showing strength in the daily chart. In the candlestick chart, the chart has formed Morning Doji Star pattern. It is three days pattern, where the first day stock goes down and on the next day there won’t be an significant direction, but on the third day there will be a positive close with reasonable volume.
Dabur had negative close on 25th and indecisive doji pattern on 27th. Decisive positive close on 28th with volume of 2.2 Million shares in National Stock Exchange. The 10 days average volume is currently at 1.3 Million.Read more
Coalindia Ltd has formed Bullish Harami pattern in the candlestick chart. On Friday the stock went up by 3.9% or 11.25 points with volume of 8 Million shares in the National Stock Exchanges. The volume is well above the 10 days average volume of 2.1 Million shares.
On Thursday the stock has made 52 weeks low of 286.50. Any open above Friday’s close can be treated as bullish with stop loss of 286 levels.Read more
Despite of sell-off in the broader market space, Axis Bank stood up for last four days. On 19th the stock have formed Morning Star pattern in the candle stick chart. Yesterday the stocked opened with Gap Up and maintained it through out the day. It also closed above 10 days moving average.Read more