Bharat Forge among 8 stocks that slipped below their 200 DMAs
In the Nifty 500 pack, eight stocks closed below their 200 DMA (Daily Moving Averages) on March 21, according to stockedge.com’s technical scan data.
Death Crossovers: These 3 stocks signal bearishness
In the NSE list of stocks, three stocks with a market cap of over Rs 1,000 crore have been witnessing Death Crossovers, according to stockedge.com’s technical scan data.
Stocks to buy today: 6 short-term trading ideas by experts for 22 March 2023
On the weekly Options front, the maximum Call OI is placed at 17800 and then towards 17200 strikes while the maximum Put OI is placed at 17000 and then towards 16900 strikes.
Momentum Pick: Jyothy Labs share may see 30% upside in next 12 months; time to buy?
Momentum indicators RSI and MFI are in a medium range at 36.4 and 47.8, respectively, according to Trendlyne which suggests that a pullback can be expected in this stock. A number below 30 suggests that the stock is trading in an oversold zone while above 70 it is in the overbought zone.
Big Movers on D-St: What should investors do with Biocon, Sterling & Wilson and UTI AMC?
The Relative Strength Index (RSI) is also trading above the 60 mark which is a bullish sign. Volumes are on the rise suggesting that this rally has legs to move up in the short to medium term.
Hot Stocks: 3 counters that can offer 28-40% returns
Sula Vineyards is well placed to benefit from the consumer shift to low-alcohol beverages — beer and wine. Expected to see highest revenue & EP) compounded growth over FY22-25 vs alcohol companies. Change in wine incentive schemes poses a key regulatory risk for the company.
IT companies stare at 30 bps revenue hit from banking crisis in US
Experts fear crisis may spill over from BFSI to other verticals such as retail and hi-tech in FY24.