Stock market, signs of bearishness in Indian markets remain; Downtrend in ‘Ya’ shares, what should investors do? – Investors be careful recession signs in these stocks cipla and tvs motor
Among the Sensex stocks, Tech Mahindra, Infosys, Tata Steel, Bajaj Finserv, Axis Bank and IndusInd Bank were the major decliners. So here we are going to know which stocks can trend on the last trading day today.
IT shares continue to fall, what are the main reasons, how long will it last?
Which stocks are bullish?
The momentum indicator Moving Average Convergence Divergence (MACD) has shown a bullish trend for Power Grid, IDBI Bank, Aditya Birla Capital and Delta Corp . MACD is known to signal trend reversals in traded securities or indices. When MACD crosses the signal line, it indicates a bullish signal. It indicates that the share price may rise. Similarly, it also signals bearishness.
This multibagger stock hit a new high for the year on September 14, 2022
Bearish signs in these stocks
MACD has indicated bearish in HUDCO, NBCC, TVS Motor, Texmaco Rail and Cipla shares. This means that now these shares have started falling.
Opportunity of bumper earnings from stock market, these companies will pay dividends soon
Buy signals in these shares
CEAT, Welspun Corp, MRF, Shoppers Stop, Apollo Tires and Kalyan Jewelers are buying strongly. These shares have crossed the 52-week high, indicating a bullish trend in these stocks.
Selling pressure in which stocks
Stocks showing selling pressure include Piramal Enterprises, Alembic Pharma and Sanofi India. There is a huge sell off in these shares. These stocks hit a 52-week low, which is a bearish sign for these stocks.
