Business Tips of the Day: Today there can be a big boom in these stocks including Tata Motors, do not miss the opportunity to earn, keep an eye – business tips today 9th May 2023 shares to watch tata motors and ongc
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IndusInd Bank had gained 5.08 percent in Sensex companies. Other gainers included Tata Motors, Bajaj Finance, Bajaj Finserv, NTPC, HCL Technologies, Mahindra & Mahindra, Axis Bank, Maruti and Kotak Mahindra Bank. The market was supported by buying in Reliance Industries, HDFC Bank and ICICI Bank, which have a strong stake in the index. On the other hand, Sun Pharma, Larsen & Toubro and Nestle were among the losers. Let us know which stocks can remain in trend today.
Which stocks will remain volatile
According to the Momentum Indicator Moving Average Convergence Divergence (MACD), Tata Motors, ONGC, DLF and Asian Granito may see a bumper bounce on Tuesday. On the other hand, Federal Bank, Shree Renuka Sugars, TCNS Clothing, Navneet Education and HBL Power Systems may decline. Explain that MACD is known for indicating trend reversal 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.
Strong buying seen in these stocks
The stocks which are seeing strong buying by investors include Ion Exchange, Tata Motors, Equitas SFB, Apar Industries and Dalmia Bharat. At the same time, selling pressure is being seen in many stocks. Stocks under selling pressure included Aditya Birla Retail, Blue Dart and Orient Electric.
talk to a financial advisor
It is not right to invest in the stock market without knowledge. Before investing in the shares of any company, do talk to your financial advisor once. If you do not do this, you may have to suffer financially.
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