The inventory of Alembic Ltd witnessed a breakout of a resistance at ₹158 a few weeks again. However after hitting a excessive of ₹169, the value began to drop. This week, it discovered assist at ₹150, the place the 20-day shifting common coincides. On the again of this, the scrip noticed a rebound, hinting that … Read more
Whereas a lot of the IT shares and the Nifty IT index have struggled to breach all-time highs reached a few years, one inventory — Oracle Monetary Companies Software program (OFSS) — has been a outstanding exception. The inventory has been setting new information and new all-time highs in the course of the course of … Read more
Mahanagar Fuel’s inventory, after hitting a file excessive of ₹1,579 in early March, misplaced momentum and has been exhibiting weak spot on the chart. Whereas no risk has appeared till now for the long-term uptrend, the current worth motion hints at a corrective decline. The case for a moderation in worth strengthened after the inventory … Read more
Energy Finance Company’s inventory, after hitting a document excessive of ₹477.8 in early February, misplaced momentum and has been consolidating for the over two months. However there was an uptick in worth not too long ago after it discovered help at ₹360. Notably, on Tuesday, the inventory rallied sharply and broke out of the resistance … Read more
Finolex Industries’ inventory rallied within the second half of March. It bounced off the assist at ₹205 and touched ₹250 by the top of final month. After reaching ₹250, the uptrend misplaced momentum. Though there was no bearish pattern reversal, the inventory was held in a sideways vary over the previous week. It was oscillating … Read more
Marico’s inventory has been on a downtrend since September final 12 months. It started to depreciate on the again of the resistance at ₹600. In early March this 12 months, the scrip slipped under a key help at ₹515, opening the door for additional fall in value. That stated, over the previous couple of weeks, … Read more
The inventory of Arvind Ltd has been on an uptrend since April this yr. It discovered help at ₹80 after which established an uptrend. In August, it surpassed a resistance at ₹150 and a few days in the past, it broke out of one other barrier at ₹180. So, although there was a minor decline … Read more
Colgate-Palmolive’s inventory has been shifting in a slender vary for almost two weeks. It was oscillating between ₹2,035 and ₹2,085. Final Friday, it broke out of the resistance at ₹2,085. Though the inventory value moderated on Monday, it managed to shut above ₹2,075, a optimistic signal. The worth motion on the every day chart exhibits … Read more
The inventory of Datamatics World Companies hit a file excessive of ₹699 on Tuesday earlier than closing the session at ₹676.3. The scrip has been in a gentle uptrend since Might when it began to rally on the again of the assist at ₹300. The value rising by over two instances is a sign of … Read more
Indraprastha Gasoline Restricted’s (IGL) inventory has been appreciating step by step since November final yr. After moderating over the previous few days, the inventory witnessed a rebound on Wednesday. It bounced off the 20-day transferring common. The value motion exhibits that the uptrend is just not invalidated, and the current value decline is prone to … Read more