Trading strategies for media and entertainment stocks
Tata Steel, Vedanta and SAIL have seen sharp fall in their stock prices in the recent months.
If the Nifty Bank index stays below 2,600 level for another week, then a major breakdown may lead to a long term bearishness, tech charts suggest.
As the market breadth turns negative, only sideways consolidation or V-shape recovery can revive the positive sentiment.
As It began successfully trading above 200 DMA, the counter has more than doubled rising 175 per cent to Rs 1,417
Front runners insurance stocks have seen higher Investor Interest
The RSI (Relative Strength Index) and Stochastic are momentum oscillators that identify strength and weakness of traded securities
Here are trading strategies for stocks of companies that announced their June 2019 quarter results recently.
A bullish divergence on RSI favours the upside momentum along with MACD, which is in a positive crossover
Spice Jet, if breaches Rs 110, then may see Rs 90 and Rs 84 in the near future
RSI reflects opportunities of Buy and Sell whenever a stock/index exhibits a decent formation.
MACD crossing above MACD baseline means a positive trend will emerge for the stock/index going ahead.
Few stocks are yet to catch up 200-DMA, however, they are showing positive momentum on technical charts.