Technical Stock Picks: 24 Stocks Showing Positive Signals With Trend Reversal

The TECHNICALS DAILY MORNING REPORT by Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd has highlighted a few stocks that are showing Positive Signals with trend reversal.

Here are a list of 24 such stocks

ACC, Adani Power, Berger Paints, Bharat Forge, BSE, Colpal, Concor, City Union Bank, Dixon, GNFC, Indian Oil Corporation, L&T Housing Finance, LIC Housing, Marico Industries, McDowell Com, Navin Fluoro, ONGC, Power Grid Corporation, PVR, SUN TV, Tata Consumer, Tata Power, Tech Mahindra and UBL.

Nifty Forecast

According to the Prabhudas Lilladher report, the Nifty finally breached above the resistance barrier of 17200 zone witnessing a relief rally on the final day of the financial year to end on a positive note to improve the bias and sentiment anticipating for further upward move in the coming days. The index has got the next upside target of 17550-17600 zone as indicated by the descending channel pattern on the daily chart with the significant 200DMA lying near 17500 zone. The support for the day is seen at 17200 levels while the resistance is seen at 17500 levels.

Disclaimer

The article highlights technical calls based on the TECHNICALS DAILY MORNING REPORT by Prabhudas Lilladher. This is not a recommendation from the author to buy, sell or hold. Neither Greynium Information Technologies Pvt Ltd, nor the author, nor Prbhudas Lilladher should be held responsible for losses caused based on a decision from the article. We advise caution before investing in mutual funds.