Business Tips of the Day: Today, including this share of Tata Group, Zomato can have a bumper boom! visible signs of boom – business tips today 11th april 2023 shares to watch tata power zomato and ongc
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On the other hand, Bajaj Finance, IndusInd Bank, Asian Paints, Hindustan Unilever, Axis Bank, ICICI Bank, Reliance Industries and HDFC Bank were among the losers. In other markets in Asia, South Korea’s Cospi and Japan’s Nikke were in profit, while China’s Shanghai Composite was in loss.
There is a boom in these stocks
Momentum Indicator Moving Average Convergence Divergence (MACD) is showing a bullish trend on Zomato, IEX, ONGC, PFC, Tata Power and JSPL. 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. The MACD has given a bearish signal on Petronet LNG, Usha Martin, Reliance Infra, Healthcare, Xpro India and Gujarat Pipavav.
Multibagger Stock: This Chavanni stock filled the pockets of investors, gave such a bumper return in two years
Investors are buying these stocks a lot
The stocks which are witnessing strong buying include JBM Auto, Cyient, L&T, IGL and Dr. Reddy’s is included. The stock has crossed its 52-week high. This indicates an uptrend in the stock. On the other hand, selling pressure is being seen in Orient Electric, United Breweries and Tamilnad Mercantile. These stocks have registered a 52-week low. This is a bearish signal for these stocks.
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