[ad_1] India Ltd, part of the S&P BSE Sensex index, rose over 1 per cent in the last five sessions and over 11 per cent in one month, leading to a breakout from the 4-month-long consolidation range. The auto stock was moving in a broad range of 1,100 points since February where Rs 8,300 acted as an important resistance, while on the downside, Rs 7,200 acted as strong support. The stock eventually saw a breakout from this range in July 2022, which is a bullish sign, and the momentum could…
Tag: Buy
ACC Share Price: Chart Check: This cement player gave a breakout above ‘Downing Wedge’ pattern; time to buy?
[ad_1] The ACC, a share of the cement industry, has fallen over 16 per cent from its November 2021 highs, but a breakout from a ‘falling wedge’ pattern on the weekly chart suggests that bulls may take control, at least in the short term. It outperformed the benchmark index on a weekly and monthly basis and gave a breakout above the ‘falling wedge’ pattern, indicating further upside. Experts are seeing a target of Rs 2,400, which earlier proved to be a strong resistance level. The stock with a market capitalization…
stock to buy | Data Scientist: Buying shares on the downside? The American data scientist has bad news for you
[ad_1] In a volatile market, the most common advice to investors is to buy your favorite shares on the dip. In a new book ‘Just Keep Buying’, American data scientist And wealth manager Nick Magiulli debunks this theory, explaining how buying dips is actually too simple, easy, and undermines the age-old formula. dollar-cost averaging (DCA) in the long run. Although the two investment strategies may sound similar, in reality they are two different concepts. DCA, or rupee-cost averaging in the Indian context, means investing a fixed amount at regular intervals,…
Why Sell Now, Buy Later may not be the right strategy in this market
[ad_1] The fall in the domestic stock markets remains a matter of major concern for the investors. Benchmark indices BSE Sensex and Nifty have fallen more than 10 per cent in the first half of 2022. The pain is more severe for the broader markets where the midcap index is down over 13 per cent, while the smallcap index is down 17 per cent. Both the indices have fallen nearly 20 per cent from their 52-week highs, indicating that they are on the verge of being bearish. For context, the…
Stocks to Buy: Want to enter D-Street now? Read this before hopping on the buy-on-dip bandwagon
[ad_1] FIIs worried about costly valuations in rising interest rate scenario are using any growth in India stock to sell While domestic investors are using the fall to buy. Market data shows that domestic investors, led by retail investors, have been able to offset nearly 80 per cent of the Rs 2.2 lakh crore outflow by foreign investors in 2022 so far. But before you join the buy-the-dip brigade and invest your hard-earned money in riskier assets in a volatile market, it is imperative to figure out the right asset…
Mahindra Logistics Share Price: This logistics stock is down over 43% from recent highs! Should you buy dip?
[ad_1] Shares of Integrated Logistics Service Provider, Mahindra Logistics Limited ,mll) has fallen more than 43 percent from its August 2021 highs, leaving the stock firmly in the grip of bears. The company with a market capitalization of over Rs 3,300 crore on June 29 hit a 52-week high of Rs 819.15 on August 30, 2021. Sharekhan, in its recent report, said the company is looking to add warehousing capability, expand its network services business and acquire capabilities based on capabilities in the logistics sector. Also, the five-year revenue target…
Stocks to Buy: CLSA Launches Coverage on Campus Activewear; JP Morgan ‘overweight’ on Zomato
[ad_1] New Delhi: Following the latest corporate actions by Indian listed companies, international brokerages have shared their view on them. JP Morgan remains overweight, while Citi remains bearish. Meanwhile, CLSA has a positive view on campus activewear and M&M. JP Morgan has retained its overweight stance on Zomato following the Blinkit acquisition, which is being seen as a lucrative strategic move by the brokerage firm. Its target price on Zomato is Rs 115, indicating an increase of 75 per cent from its previous close. It said that Zomato trades with…
Multibagger Stocks: Buy or Sell? Multibagger stock running on ‘Make in India’ theme, down 46% from peak!
[ad_1] New Delhi: A direct beneficiary of India’s ‘Make in India’ and ‘Make for the world’ manufacturing push, multibagger midcap stock Dixon Technologies It has given excellent returns of over 650 per cent to investors in the last three years. The stock also touched an all-time high of Rs 6,243.60 on the NSE on October 19, the day Nifty was at its peak. However, as investors worried about expensive valuations of the stock amid rising inflation affecting consumer spending, share prices of the Noida-based company, which makes electronics such as…
Hero Moto: Hero Moto a buy for BofA on strong rebound prospects
[ad_1] MUMBAI: Bank of America Securities has upgraded from ‘neutral’ to ‘buy’ and increased target price From ₹2,700 to ₹3,000 on the expectation of a strong rebound in volumes in the current fiscal. Hero MotoCorp shares closed 6% higher at Rs 2,674.10 on Thursday. financial services firm Better to base your estimates on improving demand for the two wheeler industry the supply chainHigh rural exposure and scope for channel restocking with existing inventory in six weeks – less than the normal 8-10 weeks of inventory for the festive season. “Given…
Metal Stocks: Down Over 45% From Recent Highs! Should You Buy This Metal Stock Now?
[ad_1] Metal stocks have been under heavy selling pressure for the past few months. U.S. shares have fallen more than 49 percent from their recent March 2022 highs, holding the stock firmly in place. In its recent report, the stock offers an attractive risk-reward following its recent correction. It noted that the fall in energy prices amid a correction in LME prices is likely to reduce margins. This is a ‘buy’ call on the stock with a target price of Rs 515, indicating a rise of over 50 per cent…