Business Tips of the Day: Bet on Reliance Infrastructure and NTPC to make profits, signs of boom are visible
In other Asian markets, South Korea’s Cospi, Japan’s Nikkei and Hong Kong’s Hangseng were in profit while China’s Shanghai Composite was in loss. Major markets in Europe were up in afternoon trade.
Strength is visible in these stocks
The Momentum Indicator Moving Average Convergence Divergence (MACD) is showing a bullish trend on Shipa Medicare, NTPC, Reliance Infrastructure, Dish TV India and Delhivery. MACD is known to signal trend reversals in traded securities or indices. When the MACD crosses the signal line, it indicates a bullish trend. This indicates that an upward movement can be seen in the share price. Similarly, it also indicates recession. The MACD has given a bearish signal on Berger Paints, MCX, Siemens, Lumax Auto and Man Industries.
Multibagger Stock: Those who invested ₹ 1 lakh in this stock got ₹ 28 lakh in six months, now the company is going to give bonus sharesInvestors are seen buying in these shares
Stocks seeing strong buying include Dalmia Bharat, Cyient, L&T, Glenmark Pharma and Siemens. The stock has crossed its 52-week high. This indicates an uptrend in the stock. On the other hand, selling pressure is being seen in United Breweries, Vikas Multicorp and SVP Global. These stocks have registered a 52-week low. This is a bearish signal for these stocks.
