These stocks including JB Chemicals can make strong earnings today, signs of boom are visible on the technical charts, do not miss the opportunity to earn
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On the other hand, losers included Jio Financial Services, Bharti Airtel, Tata Motors, Tech Mahindra, ITC, UltraTech Cement and Mahindra & Mahindra. In other Asian markets, Japan’s Nikkei and Hong Kong’s Hangseng were in profit, while South Korea’s Cospi and China’s Shanghai Composite index were in loss. There was a mixed trend in the US market on Tuesday. Let us know which stocks can remain in trend today.
There is a boom in these stocks
The momentum indicator moving average convergence divergence (MACD) is showing a bullish trend on Suzlon Energy, RattanIndia Power, Federal Bank, CESC and RCF. MACD is known to signal trend reversals in traded securities or indices. When the MACD crosses the signal line, it indicates a bullish trend. This indicates that an upward movement can be seen in the share price. Similarly, it also indicates recession.
Signs of recession in these stocks
MACD has indicated bearishness in Manappuram Finance, Tech Mahindra, M&M, IRCTC and KCP Sugar. This means that now these stocks have started to decline.
Buying seen in these stocks
Stocks seeing strong buying include GMDC, Godrej Industries, JB Chemicals, DB Realty and Paytm. The stock has crossed its 52-week high. This indicates an uptrend in the stock.
There is selling pressure in these stocks
The stocks which are seeing selling pressure include Easy Trip Planners, Jio Financial Services, Penta Gold and Hotel Rugby. There is a lot of selling in these stocks. These stocks have registered a 52-week low. This is a bearish signal for these stocks.
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