Aurobindo Pharma, part of the pharma space, has rallied more than 100% in FY24 but found some resistance above Rs 1,100 levels in January 2024. The stock underwent price wise correction since January 2024 and is now showing signs of bottoming out which suggests that bulls are ready to take the charge again. Short-term traders … Read more
Coal India Share Price 283.75 02:09 PM | 08 Sep 2023 9.75(3.56%) NTPC Share Price 241.70 02:09 PM | 08 Sep 2023 7.60(3.25%) Bharat Petroleum Corporation Share Price 364.30 02:09 PM | 08 Sep 2023 9.70(2.74%) Hero MotoCorp Share Price 3024.80 02:09 PM | 08 Sep 2023 63.50(2.14%) Bajaj Finserv Share Price 1546.70 02:09 PM … Read more
New-age fintech firm PB Fintech (the parent company of Policybazaar), which dropped more than 70% from its all-time highs post listing, has managed to recoup some losses in the last 7-8 months and chart pattern suggests that there is further upside. The stock which hit a high of Rs 1,470 on 17th November 2021 failed … Read more
Adani Ports, UPL, Aarti Industries and Ambuja Cement are four stocks on which Rajesh Palviya, SVP – Technical & Derivatives Research, Axis Securities, recommends a sell. “Adani Ports demonstrates a bearish sentiment as it recently breached the medium-term upward-sloping trendline. It is currently trading below critical moving averages (20, 50, and 200-day SMA), accompanied by … Read more
Auto stocks have been in action over the past week witnessing a broad based rally. While the medium to long term prospect remains strong for the sector, stock selection will be key to reap benefits. Investors with a short term view can look to book profits while those willing to make new positions should see … Read more
Indian IT companies are facing the heat amid an uncertain economic environment accentuated by weak global macros. As fears of economic slowdown have grown leading to delay or cancellation of projects, IT companies are finding it difficult to grow and worse even predict their near term growth trajectory. But this is not the first instance … Read more
After our brief comparison of Options Buying vs Option selling, you might be wondering, why is Option writing if there are so many disadvantages? Let’s try to answer it in detail today: Let’s go back to the same example of car insurance. If I buy a car of Rs 10L and pay a car insurance … Read more
Mahindra & Mahindra (M&M) stock has outperformed not just Nifty50 but also the sectoral index Nifty Auto and momentum indicators suggest that the stock is trading in an overbought zone. Will the rally last on the current momentum or is it time to book profits? M&M shares have given returns of more than 28% over … Read more
The long-term trend in Pidilite Industries stock remains strong and the counter has potential to give returns of over Rs 240 per share. With the stock recapturing most of its simple moving averages, the likelihood of bulls ruling the street remains strong. But before that, it must overcome this concern. Pidilite has given returns of … Read more
MUMBAI: Shares of Cipla plunged 7% on Monday and hit their lowest level in about 7 months as observations issued by the US Food and Drug Administration (US FDA) to the company’s Pithampur manufacturing facility in Madhya Pradesh raised concerns over earnings. The stock hit a 7-month low of Rs 955.25 on the National Stock … Read more