Share Market Prediction: Signs of boom in these 7 stocks including BHEL, ITC today, avoid these stocks – share market prediction for 6 july: bhel, itc among 7 stock recommendations for thursday
Signs of boom in these stocks today
RCF, Nuvoco Vistas, Indiabulls Housing Finance, BHEL, Samvardhana Motherson, HDFC Bank and ITC are showing a bullish trend on the Momentum Indicator Moving Average Convergence Divergence (MACD). 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
The MACD has indicated a bearish signal for Mazagon Dock Shipbuilders, Godrej Properties, ICICI Prudential Life and Can Fin Homes. This means that now these stocks have started to decline. Today these stocks are showing signs of recession. That is, today investors should keep a distance from these shares.
Buying visible in these stocks
The stocks which are witnessing strong buying include MRPL, BHEL, Motherson Sumi, Karnataka Bank and Bajaj Auto Bank. These stocks have crossed their 52 week high. This indicates a bullish trend in these stocks. Whereas HDFC Bank, Bajaj Finance, ICICI are the most active stocks in terms of NSE value term.
There is selling pressure in these stocks
The stocks which are seeing selling pressure include Penta Gold, BEML Land Assets, Jet Airways, HMA Agro Industries and Sell Point. 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.