In a dramatic reversal that caught bullish traders off guard, MCX Silver March Futures plummeted 8% or Rs 21,000 per kg on Monday, crashing from an unprecedented peak of Rs 254,174/kg to Rs 233,120/kg after a non-stop rally that had propelled the white metal to never-before-seen levels. The bloodbath followed silver’s historic breach of the … Read more
DroneAcharya Aerial Innovations, which recently came up with its IPO in the SME segment, on Wednesday announced that it has successfully tested a reusable rocket launch vehicle. The vehicle attained an altitude of about 3 km above ground and successfully landed using a parachute mechanism. It had air pressure, heat, internal combustion, air friction sensors … Read more
The attempt to break out is supported by multiple technical signals. RSI has formed a new 14-period high which is bullish. It stays neutral and does not show any divergence against the price. The MACD has shown a bullish crossover. It now trades above the signal line. The MACD, and its crossover, happening above the … Read more
Indian markets, which would open after a gap of one day, are likely to open on a strong note following strong global markets. Among the sectors that have recently underperformed on relative terms, IT stocks are showing a good resumption of momentum on the upside. Source link