Volumes were quite high, and the stock was forming a higher top and higher bottom patterns. From highs, the price witnessed some selloff to form a flag pattern. It breached the pattern and was trading at an all-time high level of 102 this week.
In the Nifty500 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on December 26, according to stockedge.com’s technical scan data.
Mamata Machinery’s shares debut with a strong grey market premium of Rs 260, indicating potential multibagger gains. Despite market volatility, the IPO saw a massive
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