As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Mayuresh Joshi discusses the railway sector’s potential, highlighting positive budgetary allocations and new projects. While manufacturing stocks like Titagarh and Texmaco Rail face margin constraints,
ICICI Direct’s Pankaj Pandey believes India’s Nifty has structurally transformed, making historical valuation comparisons obsolete. He suggests current valuations, though seemingly rich at 20x FY27
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