Breakout Stocks: How GMM Pfaudler, Kalyan Jewellers, and Indian Overseas Bank are looking on charts for Monday
On the daily timeframe, GMM PFAUDLER was trading in a downward-sloping parallel channel. After gaining almost 10%, prices have given a breakout of the channel. We have shown the ADX indicator, which gives an indication if the stock is trending or in a trading range. The ADX of this stock is 39.43, indicating that the […]
8 Indian stocks that match William J O’Neil’s methodology of equity investing
MarketSmith founder, late William J O’Neil, was a stock market legend who pioneered the use of historical precedent based on both fundamental and technical analysis for equity investingBased on the idea of William J O’Neil, a custom screen made by MarketSmith emphasizes companies with strong earnings growth and relative price strength that are within 15% […]
India’s kharif crop planting area rises; paddy leading year-on-year
Commodity-wise, paddy sowing is at 328.22 lakh hectares, as against 312.80 lakh hectares same period last year. Notably, India in July amended the rice export norms by putting non-basmati white rice, a major export item, in the “prohibited” category.
Gold prices continue to slide amid strong Dollar and diminishing recession worries
Concerns about the US banking sector’s health and weak Chinese economic data led to a haven shift towards the dollar.