Tanla surges 15 per cent, gives Pennant pattern breakout Tanla surges 15 per cent, gives Pennant pattern breakout Bhagyashree Vivarekar / Tuesday, January 9, 2018 0 3561 Article rating: 5.0 During Tuesday's trade,Tanla Solutions gave a pennant pattern breakout at 42 levels. The breakout was yet again supported by volume spurt and 14-period RSI positive crossover. Read more
PVR gives multiple resistance breakout, sees potential upside PVR gives multiple resistance breakout, sees potential upside Bhagyashree Vivarekar / Monday, January 8, 2018 0 2738 Article rating: 5.0 PVR lifted the Nifty Media index to close 1.2 per cent up. The stock succeeded in breaching its multiple resistance at 1450 levels on closing basis on Monday. The stock has also formed an Inverse Head & Shoulders pattern which started in July 2017. Read more
TCS at multi-year trendline breakout, Q3 to direct further TCS at multi-year trendline breakout, Q3 to direct further Bhagyashree Vivarekar / Monday, January 8, 2018 0 3831 Article rating: No rating TCS which holds 3.3 per cent weightage in Nifty50 and 25.7 per cent in the Nifty IT index has retested its multi-year trendline at 2670 levels. Stock breached its previous month’s high at 2709 levels. Read more
Energy Index bewildered amid rising oil prices Energy Index bewildered amid rising oil prices Bhagyashree Vivarekar / Friday, January 5, 2018 0 2485 Article rating: 5.0 Brent Crude which is trailing just below its 2015 high of US$70.15 per barrel with a forecast of hitting 100 levels sometime soon are overshadowing the equity markets. Nifty Energy index which includes oil and gas exploration companies and OMCs is left bewildered. Read more
Capital infusion fails to lift PSU Bank index Capital infusion fails to lift PSU Bank index Bhagyashree Vivarekar / Friday, January 5, 2018 0 2463 Article rating: No rating Of the Rs. 2.11 lakh crore recapitalisation outlay for PSU Banks, government has decided to release Rs. 80,000 crore to these banks in the current fiscal. This, on Friday, gave the Indian stock markets a reason to celebrate. Read more