Stock Market Prediction: Signs of boom are visible in Reliance Power and Finolex Cables including Adani, can bet – Signs of boom are visible in reliance power and finolex cables
There is a boom in these stocks
Momentum indicator moving average convergence divergence (MACD) is showing a bullish trend on Reliance Power, Suzlon Energy, Union Bank, IRFC and IOB. 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.
Signs of recession in these stocks
The MACD gave Tech Mahindra, UltraTech Cement, PNB Housing Finance, CreditAccess Grameen and Cera Sanitaryware
The stock has indicated a bearish trend. This means that now these stocks have started to decline.
Buying visible in these stocks
The stocks which are seeing strong buying include Finolex Cables, P&G Health, Jindal Stainless and Equitas SFB. The stock has crossed its 52-week high. This indicates an uptrend in the stock.
There is selling pressure in these stocks
Stocks showing selling pressure include Laurus Labs, Alembic Pharma, Muthoot Finance, Relaxo Footwear, Cipla and Piramal Pharma. 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.
