Shares of Apollo Tires and United Breweries may see a rise today
In other Asian markets, South Korea’s Cospi, China’s Shanghai Composite and Hong Kong’s Hangseng were in losses, while Japan’s Nikkei was in profit. Major markets in Europe showed a mixed trend in early trade. Let us know which stocks can remain in trend on the last trading day of the week.
There is a boom in these stocks
Momentum indicator moving average convergence divergence (MACD) is showing a bullish trend on Ingersoll-Rand, Engineers India, Indian Hotels, Apollo Tires and United Breweries. 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.
Bearish signal in these stocks
The MACD showed Jubilant Food, Lakshmi Machine, Lemon Tree Hotels, InterGlobe and Century Ply
The stock has indicated a bearish trend. This means that now these stocks have started to decline.
purchases shown in
The stocks which are witnessing strong buying include Aster DM Health, KPIT Tech, Ceat, IDFC, Global Health, Chalet Hotels and Balkrishna Ind. These stocks have crossed their 52 week high. This indicates a bullish trend in these stocks.