[ad_1] “The auto ancillary stock called Sona BLW is one such stock that I feel good about. The company is doing very well and will continue to perform well. It is expected that its June quarter numbers should also be good,” says. Kunj BansaliFounder, investment-illiteracy.com. Overall given that the market structure has changed and there is little confidence in the market to say that the worst is behind us. Have we made a floor around that 16000? Looks like yes, however it is always difficult to predict the market. In…
Tag: bullish
Nifty 50: Tech View: Nifty 50 forms a bullish candle, sends positive signals
[ad_1] New Delhi: Nifty 50 broke the 16,000 mark intraday for the second consecutive session on Wednesday, closing just below psychological levels. The index formed a bullish candle on the daily chart which almost took hold of the negative candle of the previous session. Technically, according to Nagraj Shetty, this indicates a disregard for bearish formation and indicates a positive bias for the market. HDFC Securities, “Short term trend of Nifty 50 has turned positive and the overall chart pattern indicates the possibility of a sharp upside breakout of the…
Bajaj Finance Share Price: CLSA continues sell-off on Bajaj Finance, City Bullish on Marico
[ad_1] New Delhi: Ahead of corporate earnings for the June quarter, foreign brokerages have come out with their reports on select domestic companies. While they remain mixed on the financials, the views on FMCG suggest a promising outlook for the sector. CSLA maintains its sales rating Because growth has slowed down from pre-covid levels. Its target price on the stock is Rs 5,000, indicating a decline of over 13 per cent from current levels. CLSA said customer acquisition is strong but AUM growth was in line with expectations and valuations…
Indian hotel stocks: Hotel stocks likely to remain bullish as occupancy rates top pre-Covid levels
[ad_1] Among the listed companies, Indian Hotels and Lemon Tree Hotels are likely to report higher earnings given their strong balance sheets and cost-efficiency. essence According to various estimates by brokerages and research firms tracking the hospitality sector, the average occupancy rate reached 66% at the end of the June 2022 quarter. The occupancy in 2019 was 66.1%. Factors such as improvement in leisure travel, stagnant demand from corporate travel, and large events and conventions have contributed to the improvement in occupancy. ET Intelligence Group: India’s hotel sector is on…
Tech View: Nifty forms a small bullish candle; 16,000 level likely to be revisited
[ad_1] nifty 50 Tuesday ended with a slight rise and formed a minor bullish candle on the daily chart. Analysts say that the positive trend of the bandh after the start of the fall was positive. They see that the index is testing the 16,000 level in the coming days. He added that the support for the index remains at 15,700. Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan said that during the day, selling pressure was absorbed near the key hourly moving averages. The index saw a brief consolidation…
Rahul Shah: 3 sectors on which Rahul Shah is currently bullish
[ad_1] “The new product launch will increase the price and the sales will be better in the coming few months. So I will buy Maruti with a target of Rs 10,000 from the current levels,” says Rahul ShahVP, Equity Advisory, . After 7% of moves coming from auto index And with auto sales data and new product launches coming next week, do you think there’s more boom and steam left in auto counters? If so, which stock would you choose?Obviously the auto companies did very well last week. I would…
nifty50: Tech View: Nifty50 forms a bullish candle; More speed up possible on Wednesday
[ad_1] New Delhi: nifty 50 On Tuesday, there was a rise of about 2 percent and a bullish candle was formed on the daily chart. The index remained stuck in the range of 15,200-15,400 for the past few sessions. But Tuesday’s gap up opening helped the index cross the hurdle and enter the resistance area of 15,670-15,700. He added that though analysts see further upside potential, any such rally would be restricted in the 15,700-850 range. “The area of 15,670-15,700 was earlier acting as a support zone and is now…
IT Stocks Today: IT stocks bearish fears: Is this bullish followed by gloom and doom?
[ad_1] New Delhi: If there is a slowdown in the US economy, can Indian IT services continue? This is the question haunting investors IT Stock Ever since the US media started talking about recession fears. Even as US Fed Chairman Jerome Powell tried to calm nerves by saying “we’re not trying to induce a recession right now”, the market wasn’t confident enough. Three Bluechip IT Stocks, Belvedere Powell hit their respective 52-week low a day after the biggest rate hike since 1994. Also worrying was the weak outlook for economic…
ICICI Lombard Share Price: Check Chart: Down 30% From High! This insurer is showing signs of a bullish turnaround
[ad_1] It may be down around 30 per cent from its September 2021 highs, but the stock is showing early signs of a trend reversal which bodes well for the bulls. The stock with a market capitalization of over Rs 56,000 crore hit a 52-week high of Rs 1,674 on 22 September 2021, but failed to sustain the momentum. The stock closed at Rs 1,144 which translated into a fall of over 31 per cent. Technical indicators suggest that a rally could occur after the recent selloff. Experts suggest that…