Indian stock market
Sectorally, telecom, capital goods, consumer durables, and power stocks all saw buying while metals and banks saw selling.
On Tuesday, the following stocks received attention: Mazagon Dock Shipbuilders (up 10%), Bharat Dynamics (up nearly 14%), and Polycab India (up over 6% at closing).
We have compiled a list of three equities that either experienced a volume or price breakout, established a new 52-week high, or both.
We discussed with analyst Sunil Gurjar how to approach these equities on the following trading day just from an educational standpoint:
Dock in Mazagon
Since July 2022, Mazagon Dock has performed exceptionally well. We can see that the stock has formed bullish trend continuation patterns based on the weekly time period.
India Dynamics
The counter is providing us a favourable hint while experiencing a robust uptrend in the rising channel. The stock’s technical structure appears sound for the time being. However, I do not think the risk-to-reward ratio is favourable, therefore I will take a wait-and-see strategy with the counter..
Polycab
The stock is trading above all important moving averages and has significant momentum, which cancels out trend momentum.
The counter is also developing an upward continuation pattern, which suggests a significant potential gain in the upcoming trading sessions. A bullish volume bar with a large range indicates that the volume action is also highly favourable.
The stock should surpass today’s breakout candle high on the way up, and on the way down, it should touch it.
(Analyst Disclaimer: Since I am not a SEBI-registered advisor, I urge you to speak with one before making any financial decisions. The observations mentioned above are all offered solely for educational purposes. These opinions are those of the Analyst.)
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These don’t represent what the Economic Times thinks.
Tuesday’s closing of the Indian stock market was positive for the second straight day. The Nifty50 returned to 19400 levels while the S&P BSE Sensex increased by more than 270 points.
Sectorally, telecom, capital goods, consumer durables, and power stocks all saw buying while metals and banks saw selling.
On Tuesday, the following stocks received attention: Mazagon Dock Shipbuilders (up 10%), Bharat Dynamics (up nearly 14%), and Polycab India (up over 6% at closing).
We have compiled a list of three equities that either experienced a volume or price breakout, established a new 52-week high, or both.
We discussed with analyst Sunil Gurjar how to approach these equities on the following trading day just from an educational standpoint:
Tuesday’s closing of the Indian stock market was positive for the second straight day. The Nifty50 returned to 19400 levels while the S&P BSE Sensex increased by more than 270 points.
Sectorally, telecom, capital goods, consumer durables, and power stocks all saw buying while metals and banks saw selling.
On Tuesday, the following stocks received attention: Mazagon Dock Shipbuilders (up 10%), Bharat Dynamics (up nearly 14%), and Polycab India (up over 6% at closing).
We have compiled a list of three equities that either experienced a volume or price breakout, established a new 52-week high, or both.
We discussed with analyst Sunil Gurjar how to approach these equities on the following trading day just from an educational standpoint:
Dock in Mazagon
Since July 2022, Mazagon Dock has performed exceptionally well. We can see that the stock has formed bullish trend continuation patterns based on the weekly time period.
India Dynamics
The counter is providing us a favourable hint while experiencing a robust uptrend in the rising channel. The stock’s technical structure appears sound for the time being. However, I do not think the risk-to-reward ratio is favourable, therefore I will take a wait-and-see strategy with the counter..
Polycab
The stock is trading above all important moving averages and has significant momentum, which cancels out trend momentum.
The counter is also developing an upward continuation pattern, which suggests a significant potential gain in the upcoming trading sessions. A bullish volume bar with a large range indicates that the volume action is also highly favourable.
The stock should surpass today’s breakout candle high on the way up, and on the way down, it should touch it.
(Analyst Disclaimer: Since I am not a SEBI-registered advisor, I urge you to speak with one before making any financial decisions. The observations mentioned above are all offered solely for educational purposes. These opinions are those of the Analyst.)
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These don’t represent what the Economic Times thinks.
Tuesday’s closing of the Indian stock market was positive for the second straight day. The Nifty50 returned to 19400 levels while the S&P BSE Sensex increased by more than 270 points.
Sectorally, telecom, capital goods, consumer durables, and power stocks all saw buying while metals and banks saw selling.
On Tuesday, the following stocks received attention: Mazagon Dock Shipbuilders (up 10%), Bharat Dynamics (up nearly 14%), and Polycab India (up over 6% at closing).
We have compiled a list of three equities that either experienced a volume or price breakout, established a new 52-week high, or both.
We discussed with analyst Sunil Gurjar how to approach these equities on the following trading day just from an educational standpoint:
Tuesday’s closing of the Indian stock market was positive for the second straight day. The Nifty50 returned to 19400 levels while the S&P BSE Sensex increased by more than 270 points.
Sectorally, telecom, capital goods, consumer durables, and power stocks all saw buying while metals and banks saw selling.
On Tuesday, the following stocks received attention: Mazagon Dock Shipbuilders (up 10%), Bharat Dynamics (up nearly 14%), and Polycab India (up over 6% at closing).
We have compiled a list of three equities that either experienced a volume or price breakout, established a new 52-week high, or both.
We discussed with analyst Sunil Gurjar how to approach these equities on the following trading day just from an educational standpoint:
Dock in Mazagon
Since July 2022, Mazagon Dock has performed exceptionally well. We can see that the stock has formed
bullish trend continuation patterns based on the weekly time period.
India Dynamics
The counter is providing us a favourable hint while experiencing a robust uptrend in the rising channel. The stock’s technical structure appears sound for the time being. However, I do not think the risk-to-reward ratio is favourable, therefore I will take a wait-and-see strategy with the counter..
Polycab
The stock is trading above all important moving averages and has significant momentum, which cancels out trend momentum.
The counter is also developing an upward continuation pattern, which suggests a significant potential gain in the upcoming trading sessions. A bullish volume bar with a large range indicates that the volume action is also highly favourable.
The stock should surpass today’s breakout candle high on the way up, and on the way down, it should touch it.
(Analyst Disclaimer: Since I am not a SEBI-registered advisor, I urge you to speak with one before making any financial decisions. The observations mentioned above are all offered solely for educational purposes. These opinions are those of the Analyst.)
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These don’t represent what the Economic Times thinks.
Tuesday’s closing of the Indian stock market was positive for the second straight day. The Nifty50 returned to 19400 levels while the S&P BSE Sensex increased by more than 270 points.
Sectorally, telecom, capital goods, consumer durables, and power stocks all saw buying while metals and
banks saw selling.
On Tuesday, the following stocks received attention: Mazagon Dock Shipbuilders (up 10%), Bharat Dynamics (up nearly 14%), and Polycab India (up over 6% at closing).
We have compiled a list of three equities that either experienced a volume or price breakout, established a new 52-week high, or both.
We discussed with analyst Sunil Gurjar how to approach these equities on the following trading day just from an educational standpoint: