Smart chips

The stock saw short covering. The indicators are placed in the oversold territory, but they have not given any indication of change in the ongoing trend. The scrip is likely to gain more weight over the next few sessions due to short covering. However, it will remain under pressure the in the long run.

This counter continued to see buying of fresh positions. The indicators are placed very close to the overbought territory, but they are not showing any sign of change in the ongoing trend. The scrip is likely to gain more weight over the next few sessions before it witnesses profit booking.

After a short correction, this stock saw buying of fresh positions in cash market as well as derivative segment. The indicators are moving upward in the equilibrium territory. The scrip is likely to gain more weight over the next few sessions before it enters a phase of sideways movement.

The counter continued to see buying of positions in cash market as well as derivative segment in Wednesday’s session. The indicators are moving in tandem with the scrip as they inch upward in the equilibrium territory. The scrip is likely to gain more weight over the next few sessions.