[ad_1] Mumbai: trend indicator are pointing to an extreme slowdown in store Markets after the recent selloff Out of the country’s 500 top stocks on the BSE, 86% are trading below their 200-day moving average (DMA) – used by market participants to determine the long-term trend in a stock or index. A solution to go when a stock or index trading Below its 200-DMA, it is said to be in a bearish trend and vice versa, but extreme readings are also seen as an indicator of the opposite. Solara Active…
Tag: bearishness
Smallcap Stocks: More Than 95% Potential To Go Up! This smallcap stock, which is in the grip of bearishness, can reverse the trend
[ad_1] Shares are down more than 30 per cent from their October 2021 highs, putting the stock in a bear grip amid widespread market weakness. However, the brokerage has maintained its bullish stance on the smallcap company and sees a rally of over 95 per cent on the back of a strong order book and growth runway. Dolat Capital noted that HG Infra Engineering won orders worth Rs 2,180 crore and Rs 4,330 crore during FY 2011 and FY 2012 respectively. The current order book of Rs 7,970 crore provides…