HDFC Bank has traded way below all key moving averages (20, 50, 100 and 200 EMA - exponential moving averages) due to single-day big fall, while the stock is 77 rupees away from the low of October 2023 (Rs 1,460).
India’s largest private lender is going through a consolidation phase following the HDFC merger, which has prompted investors with a short-term outlook to consider alternatives, says Nath
National Fertilizers is currently trading above all crucial moving averages, indicating a positive bias. Additionally, momentum indicators suggest a favourable outlook for further upward movement.
Steel Authority of India has seen nice consolidation breakout and formed strong bullish candlestick pattern on the daily timeframe with healthy volumes.