Today there can be a big boom in these stocks including Delhivery and Mirc Electronics, do not miss the chance to earn profit
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In other Asian markets, Japan’s Nikkei and Hong Kong’s Hangseng closed with gains, while South Korea’s Cospi and China’s Shanghai Composite declined. European markets were in gains in afternoon trade. Global oil benchmark Brent crude fell 2.54 per cent to $72.91 per barrel. Foreign institutional investors (FIIs) sold shares worth a net Rs 308.97 crore on Friday, according to stock market data.
The Sensex had closed 223.01 points, or 0.35 per cent, down at 62,625.63 on Friday. Similarly, the Nifty closed at 18,563.40, down 71.15 points or 0.38 percent. 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 Delhivery, Mirc Electronics, Petronet LNG and Apollo Tyres. 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
MACD has indicated bearishness in the shares of Tata Consumer Products, Central Bank, Jai Corp, Policy Bazar and Karnataka Bank. This means that now these stocks have started to decline.
Buying seen in these stocks
The stocks which are seeing strong buying are GRSE, Suzlon Energy, Usha Martin, Prestige Estate and Olectra Greentech
is included. The stock has crossed its 52-week high. This indicates an uptrend in the stock.
These shares are under selling pressure
Stocks showing selling pressure include Aavas Financiers, Jet Knitwears and JBF Industries. 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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