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The consumer electronic stock moved in a narrow range after hitting a high of Rs 1,590 on March 2, 2024. It found support above 1,400 levels. Witnessing a breakout last week, the stock surpassed 1,600 levels. It rose over 9% in the past 5 trading sessions. The momentum helped it break out from the 200-point consolidation range on the daily charts. It closed at Rs 1,639 on April 26, 2024. ....
NMDC shares bounced back after hitting a low above Rs 190 in March this year. The stock also underwent mild consolidation in early April. NMDC shares have advanced over 8% in the last 5 sessions, which helped the stock to breakout from the consolidation range. ....
Biocon Ltd, in the pharma sector, witnessed a 40% decline from the December 2020 high but shows signs of a bullish trend. Traders are recommended to consider buying for target levels of 325-350. The daily Relative Strength Index (RSI) is at 65.0. RSI below 30 is oversold and above 70 is considered overbought, Trendlyne data showed. ....
JSW Steel broke out from Flag pattern & consolidation, with a target above 1000 levels. It faced resistance at 900 levels but rebounded. RSI at 65.9, MACD bullish, trading above moving averages. The daily Relative Strength Index (RSI) is placed at 65.9. RSI below 30 is oversold and above 70 is considered overbought, Trendlyne data showed. The daily MACD is above its center and signal Line, this is a bullish indicator. ....
The IT stock hit a 52-week high of Rs 6,442 on January 5, 2024, but failed to hold the momentum. It closed at Rs 4,721 on April 23, 2024, which translates into a fall of over 26%. It has remained flat from a 3–6-month perspective, largely in line with the selling pressure seen in the IT index. The index has fallen over 7% in the last 3 months but rose a little over 10% in a 6-month time frame. ....