Today there may be a boom in these stocks, signs of boom are visible.
There is a boom in these stocks
Momentum indicator moving average convergence divergence (MACD) is showing a bullish trend on United Spirits, SRF, IRB Infrastructure Developers, Colgate-Palmolive, SBI Life and Prism Johnson. MACD is known to signal trend reversals in traded securities or indices. When the MACD crosses the signal line, it gives a bullish signal, indicating that the stock price is likely to witness an upward movement. Similarly, it also indicates recession.
Signs of recession in these stocks
MACD signals bearish on Shriram Transport Finance, Hinduja Global, APL Apollo Tube, Aegis Logistics, GMM Pfaudler and Jindal Stainless. This means that now these stocks have started to decline.
Buying visible in these stocks
The stocks which are seeing strong buying include Hudco, Varun Beverages, JK Lakshmi Cement, Mazagon Dock Shipbuilders, Cummins, Raymond and Britannia. These stocks have crossed their 52 week high. This indicates a bullish trend in these stocks.
There is selling pressure in these stocks
The stocks which are seeing selling pressure include Sheela Foam, Amber Enterprises and Laurus Labs. There is a lot of selling in these stocks. These stocks have registered a 52-week low. This is a bearish signal for these stocks.
