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Tech Query: Wait for United Breweries to surpass ₹1,500 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Tech query: Should you hold or book profit in Bajaj Electricals at ₹1,064? | Updated on Sankari Murugan Bajaj Electricals (₹1,151): The stock of Bajaj Electricals is in an uptrend across all time frames long, medium and short term. In early January this year, the stock had emphatically breached a key resistance at around ₹630 and continued to trend. Thereafter, a significant resistance at ₹800 was decisively broken in early February accompanied by extraordinary volume. After a minor correction in late February and March, the stock took support at ₹900 and continues to trend upwards in April. It trades well above the 21- and 50-day moving averages. ....
Tech query: Is Hero MotoCorp a long-term buy? | Updated on × Sankari Murugan Hero MotoCorp (₹2,912.9): The stock of Hero MotoCorp bottomed out from the low of ₹1,475 in March 2020. Since then, it had been in an intermediate-term uptrend. However, it encountered a key resistance at around ₹3,600 in mid-February this year and was in a short-term downtrend. In late March, the stock decisively breached a key support at ₹3,000 and its 200-day moving average. It continues to trend below this base level, which has now turned into a key short-term resistance level. Also, the stock trades well below the 50- and 200-day moving averages. There has been decrease in volume over the past five weeks. ....