Indiabulls Ventures maintained its bullish momentum by clocking a gain of 19.9% in today’s session. The stock broke out of a 22-week long consolidation base pattern on April 13. It has already advanced 24% from its pivot price of Rs 306.30.
Daily Big Picture – Market Snubs Syria Fears; Extends Winning Streak
Today’s Action:
Major indices remain resilient in the face of geopolitical tensions.
Daily Market Review:
India’s frontline indices came on top in spite of a gap-down opening in today’s session.
After opening in negative territory, both the Sensex and Nifty recovered early losses and pocketed decent gains of 0.3% and 0.5%, respectively. Continue reading “Daily Big Picture – Market Snubs Syria Fears; Extends Winning Streak”
Time to Gear Up for 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
After correcting 10% from their yearly highs, India’s frontline indices have made a solid comeback in recent times. Three straight weeks of gains have empowered both the Nifty and the Sensex to reclaim their 50-day lines – a key resistance level.
Against the backdrop of long-term capital gains tax, PSU bank frauds and global trade war fears, the Indian market has recovered much faster than expected.
The beauty of the stock market lies in the fact that opportunities are aplenty, provided you have a proven investing system like CAN SLIM in place. Post the follow-through day on April 5, a number of leading stocks have moved to their all-time highs. Continue reading “Time to Gear Up for Earnings Season”
Chart Of The Week – Indiabulls Ventures Amazes D-Street
Indiabulls Ventures picked up 11.7% on more than twice its 10-week average volume this week. The stock broke out of its 23-week long consolidation base pattern and hit a new high.
Chart Of The Day – Ipca Laboratories Sails To New High
Ipca Laboratories observed huge buying interest today. The stock hit a new high today after breaking out from a five-week long flat base pattern recently. At present, the stock is trading 6% above its pivot price of Rs 695.50.
