Today all the signs of boom are visible in these stocks including Tata Consumer Products, Do not miss the chance to earn profits
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Among the companies included in the Sensex, Tata Steel registered the highest gain of 2.39 percent. Tata Motors, Power Grid, Reliance Industries, UltraTech Cement, NTPC, Nestle, HUL, Mahindra & Mahindra, Wipro, Kotak Mahindra Bank and Asian Paints were also among the gainers. On the other hand, Bajaj Finance, IndusInd Bank, Axis Bank, Bharti Airtel, Bajaj Finserv, ICICI Bank, Infosys and Titan declined. In the broader market, BSE Smallcap gained 0.42 per cent while Midcap gained 0.20 per cent.
South Korea’s Cospi, China’s Shanghai Composite and Hong Kong’s Hangseng closed down in other Asian markets. At the same time, Japan’s Nikkei was on the rise. Europe’s markets were trading with gains. US markets closed in positive territory on Tuesday. Earlier on Tuesday, the Sensex jumped 418.45 points to close at 63,143.16 points, which was the highest level in the last six months. The Nifty also closed at 18,716.15, up 114.65 points. Let us know which stocks can remain in trend today.
There is a boom in these stocks
The Momentum Indicator Moving Average Convergence Divergence (MACD) is showing a bullish trend on IDFC First Bank, BLS International Services, GMR Infra and RIL. 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 PNB, South Indian Bank, CDSL and Canara Bank. This means that now these stocks have started to decline.
Niveshek broke down to buy this stock, upper circuit continuously for a week, giving bumper profits
Buying seen in these stocks
The stocks which are seeing strong buying include Shyam Metalics, Aster DM Healthcare, Tata Consumer Products, Mankind Pharma and KEI Industries. The stock has crossed its 52-week high. This indicates an uptrend in the stock.
These shares are under selling pressure
The stocks which are seeing selling pressure include Reliance Communication, Zee Learn, GHCL Textiles and Jet Knitwears. 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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