To earn profits, keep an eye on these stocks including Coffee Day Enterprises, there may be a big jump
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Among the companies included in the Sensex, Tata Motors recorded the maximum decline of 1.77 percent. Apart from this, shares of SBI, Power Grid, Tata Steel, Infosys, UltraTech Cement, Titan, Larsen & Toubro, Reliance Industries and Maruti were also in decline. On the other hand, IndusInd Bank, Bharti Airtel, Asian Paints, NTPC, HCL Technologies, HDFC and Sun Pharma were among the gainers.
South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hangseng closed with losses in other Asian markets. Most of Europe’s stock markets were trading with losses. A day earlier on Thursday, the US markets had closed with a mixed trend. Let us know which stocks can remain in trend today.
There is a boom in these stocks
Momentum indicator moving average convergence divergence (MACD) is showing a bullish trend on Natco Pharma, DCM Shriram, Coffee Day Enterprises and ICICI Securities. MACD is known to signal trend reversals in traded securities or indices. When the MACD crosses the signal line, it gives a bullish signal, indicating that the stock price is likely to witness an upward movement. Similarly, it also indicates recession.
Signs of recession in these stocks
MACD has indicated bearish in IDFC First Bank, BHEL, Tata Steel, Samvardhana Motherson and BEL shares. This means that now these stocks have started to decline.
Buying visible in these stocks
The stocks which are seeing strong buying include Aurobindo Pharma, Trent, AstraZeneca, Policy Bazaar and Interglobe Aviation. These stocks have crossed their 52 week high. This indicates a bullish trend in these stocks.
There is selling pressure in these stocks
The stocks which are seeing selling pressure include AG Universal, City Union Bank, Adani Gas and Accuracy Shipping. 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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