PEL.NSE Piramal Enterprises Ltd
286
847.05
33.80
(4.16%)
| Watchers | 286 |
| 52-Wk Low | 703.99 |
| 52-Wk High | 1,112.75 |
| Market Cap | 196.31B |
| Volume | 1.81M |
| 52-Wk High | 1,112.75 |
| 52-Wk Low | 703.99 |
Three stocks that can deliver up to 10% in the short term; watch out for the rising VIXMoneycontrol • 5 days ago
The volatility index (VIX) bouncing back suggests challenges ahead, while on the downside, a breach below 22,300 could lead to a slide towards 22,100–22,000 on the Nifty.
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The Nifty is currently trading within a rising channel pattern, suggesting potential bullish momentum if it manages to maintain levels above 22,300 in the current week, with a likely target range of 22,750-22,800.
KEI Industries formed strong bullish candlestick pattern on the daily charts with healthy volumes. The stock has seen a breakout of downward sloping resistance trendline adjoining highs of January 5 and February 16, and traded above all key moving averages.
Experts expect the momentum to sustain in the coming weeks, too, with immediate resistance at 22,500-22,600, followed by the medium-term target of 23,000, provided it holds the upward sloping resistance trendline
The levels to watchout for in the current week would be 22,500 - 22,600 on the higher side on the Nifty 50, and 22,000 - 21,800 on the lower side.
In the upcoming sessions, the psychological level of 22,000 is expected to serve as a significant support level, with any breach below potentially triggering further panic selling.