LIVE Market Technicals with CK Narayan

If you care to look at technical charts before taking investment/trading decisions in the stock market, this is the place you should be visiting regularly. CK Narayan of Chart Advise, Dalal Street's most seasoned and arguably senior-most expert in market technicals, will share his technical tips on the go right here on this page. Stay logged in!

RIL can rally up to Rs 2,250
A 7% rise in a single day for a stock like Reliance is no mean feat and shows a determined comeback by the bulls here. Chart (Source: Tickerplant) shows that with minimal efforts the stock can move to all-time new highs once again.

The Cumulative OI is seen to be above average so the longs in the stock, created a couple of months ago, continue to remain intact. The RSI got into bull mode around early June and continues to remain there indicating that the bulls never really conceded the ground for last two months. Next target for RIL could be around Rs 2,250.


Apollo Tyre can edge higher
After a long while, we are seeing some action in Apollo Tyres. The stock shows a big build up in open interest and also witnessed a surge in volume yesterday. More gains are likely in future. The stock can look for a target at Rs 125-130 in the near term.


Titan poised for fresh upside breakout
Steady trends in Titan are now giving way to an upside breakout that is also accompanied by new momentum readings. Pattern breakout suggests that the up move can be decent. Stock can run till Rs 1,200 levels or so ahead.