Svp Global reached an all-time high after posting the weekly gain of 35%.The stock is constructively trading above its 50-DMA and has a strong buyer demand of A and price strength of 94 which indicates huge demand for the stock.
Tv Today Network Ltd. jumped 12.95% on 9x volumes. As a result, the stock breaks out from a cup with handle base and it’s currently trading at 12% above its pivot level of INR 414. Fundamentally, the stock looks strong as it a strong ROE of 19%. Its five-year revenue and EPS growth stand at 18% and 59% respectively.
Status: Confirmed Uptrend
Three up and two down days
Weekly Market Review:
This week observed the BJP expanding its influence as they won the Gujrat and Himachal elections on Monday. The Nifty and the Sensex extended their gains on Tuesday, to meet with the distribution in Wednesday’s trading sessions. On Thursday, amidst weak global cues, the market traded flat. Today both the Sensex and the Nifty touched fresh highs intraday, and also made an all-time high on a closing basis. Continue reading “Weekly Big Picture – Christmas Arrives Early; Dalal Street Back To Confirmed Uptrend”
Manappuram Finance bucked the subdued trading in the Indian market, as the stock spurts from its long consolidation phase to gain 12.54% on higher volumes. As a result, the stock is trading 11% above its pivot level of INR 106.90. Technically, the stock has a buyer demand of A and Price strength of 57( increased from 48 in 1st December 2017 ) which indicates a strong demand for the stock.
Tracking from its Asian peers, benchmark indices traded flat amidst volatility.
Daily Market Review:
Indian markets traded flat today, as markets lack the positive trigger. Broader indices stole the limelight today, as they continue their winning streak. Continue reading “Daily Big Picture – Nifty Trades Flat; Midcap And Small cap Stocks Roar”