During Friday’s trading session, the BSE Sensex saw an increase of around 320 points, closing the day at 65,828. In the midst of this upward trend, 8 stocks listed on the BSE Financial Services index reached their highest prices in the past 52 weeks. The 52-week high serves as a critical technical indicator to assess a stock’s current worth and to predict possible price changes. This figure represents the highest price at which a stock traded over the preceding year.
HFCL shares slide 26% in a month, placed near 200 DEMA support. Is a breakdown imminent?
The stock is currently trading at Rs 120, positioned below its 10, 20, 50, and 100-day exponential moving averages (DEMAs), while attempting to hold above