Top 10 stocks to watch on November 16

  1. JETAIRWAYS witnessed Star pattern on daily chart. JETAIRWAYS volume increased by 130 percent at last session. But numerous trades were settled intraday. It is likely to witness bullish trend formation. It is continuously heading higher levels for 6 days. This stock is currently settled above the recent resistance zone. We see short-term support around 471.

  2. ICIL surged by 7.25% and settled at Rs.120.6. It witnessed Bullish Engulfing pattern on daily chart. Trading volume hiked by 465 percent at last trading day. But numerous trades were settled intraday. Derivative traders were aggressive in adding long positions. Open interest gained by 10.59 %. It is oscillating nearer to its resistance zone of 123.

  3. AMARAJABAT strengthen by 3.02% and closed at Rs.821.25. Also, it registered a considerable margin in last five sessions. Trading volume hiked by 111 percent. It Indicates positive breakout. It is regularly heading higher levels for 5 days. This stock is currently settled above the recent resistance zone. We see short-term support around 676.

  4. RCOM plunged by 12.93% and settled at Rs.10.1. Trading volume spiked by 79 percent at last trading day. But most of the trades are settled intraday. It gives an impression of a bearish breakout. It is regularly grinding lower levels for 4 days. It is trading below its recent support zone. The Near-term resistance is seen around 18.

  5. BIOCON surged by 6.61% and finished at Rs. 391.7. It did rise in the last trading session but fell by a significant margin on a weekly basis. Trading volume rose by 151 percent. Yet largely the volumes are settled intraday. It is trading inside the trading range. The Support is seen around 354 and resistance is seen around 418.

  6. NCC surged by 4.59% and to close at Rs.100.3. It did rise in the last trading session but fell by a significant margin on a weekly basis. It witnessed Bullish Piercing pattern on daily chart. It is trading inside the trading range. The Support is seen around 91 and resistance is seen around 113.

  7. IBULHSGFIN witnessed Bearish Engulfing pattern on daily chart. IBULHSGFIN is listed in top traded counters. Interestingly 57% of the trades are taken for delivery. There is an evidence of bearish breakout. It is trading below its recent support zone. The Near-term resistance is seen around 1365.

  8. MARICO volume increased by 113 percent on 15 November 2017. Furthermore 72% of the trades gone for delivery. There could be a negative breakout. It is continuously scaling down for 4 days. It is trading below its recent support zone. The Near-term resistance is seen around 321.

  9. RELINFRA plunged by 9.03% and ended at Rs.417.95. Trading volume hiked by 130 percent at last session. Yet a majority of them are intraday trades. It Indicates bearish breakout. It is trading below its recent support zone. The Near-term resistance is seen around 510.

  10. ITC volume inflated by 61 percent. Moreover, 70% of the trades are taken for delivery. It is likely to witness negative breakout. It is continuously breaking low for 3 days. It is trading below its recent support zone. The Near-term resistance is seen around 273.