Info Edge Enters New High Ground

Info Edge marched on to a new high today, amid high-volume buying in the scrip. The stock advanced 6% on more than two times the 50-day average volume. Info Edge broke out of a first-stage cup base pattern in early November 2017. Since then, the stock has gained 11% from its previous pivot price of INR 1,250.


Weekly Big Picture – Market Bids Farewell to 2017 With Hefty Gains


Status: Confirmed Uptrend


Two up and two down days

Weekly Market Review:

The market started the last week of the year on a cheerful note, however midway during the week both the indices lost some momentum which was mainly because the investors were lacking positive triggers and the F&O expiry on Thursday, both the indices made a an all time high on an intraday basis this week. Nifty and the Sensex finally bid farewell to 2017 with an yearly gains of over 28%. Continue reading “Weekly Big Picture – Market Bids Farewell to 2017 With Hefty Gains”

Chart Of The Day – Suprajit Engineering Powers to a New High

Suprajit Engineering ended 27 weeks of sideways movement, as it broke out of a second-stage consolidation base pattern in today’s session. The stock jumped 5.5% on more than four times the 50-day average volume today. The Company reported impressive numbers in Q2 FY 2017, with revenues and net profit rising by 24% and 21%, y/y, respectively.

Suprajit Engineering_MarketSmithIndia