Bajaj Hindusthan stock has witnessed a breakout from a 15-year descending trendline pattern on the weekly charts which has opened room for the stock to hit record highs in the coming months. The breakout was accompanied by strong volumes which is a sign of strength. It has also witnessed strong accumulation in the last few quarters.
Stocks that share market analysts recommended on August 14, 2023: Stock brokerages including have come out with research reports on select stocks namely Samvardhana Motherson, Manappuram Finance, IRCTC, V-Mart Retail. Here s what brokerages said about these counters.
GAIL stock price has been moving in the range of 30-40 points since June 2021, where Rs 110-114 acted as a stiff resistance on the upside. On the downside, however, Rs 80 acted as a strong support on the weekly charts. It is still holding above the breakout area, which suggests that a technical bounce back could be on the cards
Stocks that share market analysts recommended on August 10, 2023: Stock brokerages have come out with research reports on select stocks namely Coal India, Wipro, ICICI Lombard, and Cyient. Here s what brokerages said about these counters.
Short-term traders can look to buy the stock for a possible target of Rs 55 in 2-3 months, suggest experts. The S&P BSE 500 stock has a market capitalization of over Rs 8600 crore. It hit a 52-week high of Rs 48.89 on August 7. In terms of price action, the stock is trading above most of the crucial short- and long-term moving averages of 5,10,30,50,100, and 200-DMA on the daily charts.