Today all the signs of boom are visible in many stocks including Lloyds Steel and BHEL
Mahindra & Mahindra was the top gainer of 3.81 per cent among the Sensex stocks. Axis Bank was also up by 2.68 percent. Apart from this, shares of Tata Motors, Larsen & Toubro, Tata Steel, ICICI Bank, Reliance Industries, Maruti Suzuki, IndusInd Bank and Sun Pharma also closed higher.
On the other hand, Asian Paints, Tech Mahindra, Nestle, Hindustan Unilever, Kotak Mahindra Bank and ITC declined. South Korea’s Cospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hangseng closed with gains in other Asian markets.
European markets showed a mixed trend in the afternoon session. US markets had closed with gains on the last trading day on Friday. India’s services sector growth is above 61 points despite a slight deceleration in May. This was achieved with the help of favorable demand conditions and new customers, a monthly survey said on Monday. Services output grew at the second fastest rate since July 2010, despite a decline in activity in May compared to April. Let us know which stocks can remain in trend today.
There is a boom in these stocks
Momentum Indicator Moving Average Convergence Divergence (MACD) has seen Lloyds Steel, BHEL, Vakrangee and Tata Motors,
But has shown a bullish trend. 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
MACD has indicated bearishness in the shares of IOC, ITC, Jain Irrigation, LT Foods and HDFC Life. This means that now these stocks have started to decline.
Wipro Share Buyback: Wipro will buy its shares, June 16 is the last date, this way you can earn profitBuying visible in these stocks
The stocks which are seeing strong buying include Mazagon Dock Shipbuilders, eClerx, NLC India and Prestige Estate. The stock has crossed its 52-week high. This indicates an uptrend in the stock.
There is selling pressure in these stocks
The stocks which are seeing selling pressure include Viji Finance and JBF Industries. 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.
