After four consecutive sessions of decline, Sobha witnessed heavy accumulation in today’s session. The stock reclaimed its 50-day moving average in style, as it jumped almost 12% on above-average volume.
Daily Big Picture – Bulls Remain Upbeat As Stock Indices Hit New Record
Today’s Action:
Benchmark indices reach a new high ground. Broader market follows the suit.
Daily Market Review:
The bulls were in charge again on D-street, as the stock indices continue to make record highs. The Indian market started the expiry week on a positive note and continues to trade higher despite the negative political news of the US government shutdown that began last week. Continue reading “Daily Big Picture – Bulls Remain Upbeat As Stock Indices Hit New Record”
Tackling the Earnings Season
“Concentrate on stocks with proven records of significant earnings growth in each of the last three years plus strong recent quarterly improvements. Don’t accept anything less.” – William J. O’Neil, MarketSmith Founder
Christmas is over, New Year’s Day has passed, and so has 2017. The Indian equity markets had a dream run in 2017, with the key benchmark indices offering about 29% return between December 30, 2016 and December 29, 2017.
Chart Of The Day – Gruh Finance Continues To Surprise One and All
Gruh Finance had a blockbuster week at the bourses, as the stock gained a whopping 36%. The stock witnessed heavy-volume buying ahead of its results on January 20, 2018. Gruh Finance broke out of a 16-week long consolidation base pattern on Tuesday and has since then delivered a gain of 24%.
Chart Of The Day – Radico Khaitan Scales New High Once Again
Radico Khaitan scaled fresh high once again, as the stock gained 7% in today’s session. The stock has been in a strong uptrend ever since it broke out of a 40-week long consolidation base pattern in August 2017. The Company will reporting its Q3 numbers on January 24, 2018.
