Bullish momentum brewing? 80% of NSE500 stocks now above 50-day average, says Axis Securities
India’s equity markets extended their winning streak for a seventh consecutive session on Wednesday, with a bullish breadth signal flashing across the broader market. According to Axis Securities, more than 80% of the stocks in the NSE500 index closed above their 50-day moving average—a technical threshold that historically suggests broad-based positive momentum. Axis Securities noted … Read more
