Chart Check: Up 40% in a month, this smallcap breaks above 13-years falling trendline; time to buy?
“The stock in this quarter posted a strong Bullish candlestick bar with a golden crossover of long-term moving averages (50,100 & 200) on daily charts. Price target projected for this pattern is placed at Rs 345 levels & a move below 120 levels on a closing basis would negate the same,” recommends Deodhar.
Hot Stocks: Global brokerages on Nykaa, Paytm, SRF and Hindalco
JPMorgan maintained its overweight rating on Paytm with a target price of Rs 1,000. Paytm is undergoing a model shift from chasing “growth at any loss”, the global investment bank said.
Golden Crossovers: These 4 stocks signal further bullishness
Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.
Poonam Tandon on top 6 sectors which could produce next set of multibaggers
“We see market performance to be more stock specific and companies exposed to the domestic economy with healthy cash generation and leaner balance sheets should do well. We continue to remain positive on the banking sector – the sector has seen improvement in its asset quality resulting in a decline in overall credit cost.”
Stocks of banks & other rate-sensitive sectors rally after RBI MPC announcements
While increasing the repo rate by 50 bps to 5.9%, RBI Governor Shaktikanta Das said the MPC has decided to remain focused on the withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.
Siddhartha Khemka on 5 stocks to buy in banking and FMCG space
“The sharp fall that we have seen in the palm oil prices, some of the soap companies, especially the larger ones like HUL and Godrej Consumers are the two companies where we are very comfortable entering even at current levels. We turned positive on ITC sometime back and the stock had seen the kind of […]
India falls short of FTSE Russell government bond index inclusion
Reuters reported this week that India’s entry into JPMorgan’s influential emerging market debt index is set to be pushed into next year because of a number of issues New Delhi needs to address.
Trader’s Guide: 2 midcap stocks that can offer 7% returns
Given the relatively better performance of the midcap stocks’ universe when compared to the main indices, some rebound in price in this stock cannot be ruled out when supported by important technical developments on the charts.
Sterling and euro recover; ECB likely to be aggressive after high German CPI
The dollar index, which measures the greenback against the euro, sterling and four other major peers, edged 0.09% higher to 111.91, but remained close to a one-week low of 111.64 reached overnight.
What changed for market while you were sleeping
Major Asian stocks opened lower on Friday, extending falls on Wall Street where higher US Treasury yields, inflation and rising recession fears persisted. MSCI’s index of Asia-Pacific shares outside Japan was trading 0.11 per cent higher.