Punjab Chemicals & Crop rallied to a new high in today’s session. The stock witnessed massive buying interest, as it jumped 5.9% on more than four times the 50-day average volume.
Daily Big Picture – Bulls Flex Muscles; Market Enters Uptrend
Today’s Action:
Frontline indices bring home strong gains; uptrend resumes.
Daily Market Review:
The Indian stock market brushed aside escalating trade war concerns to pocket strong gains for the third day in a row. In the end, the Nifty and the Sensex each climbed 0.9% in today’s session.
Following the strength in the global market, the Indian market opened on a positive note and continued to trade higher. Continue reading “Daily Big Picture – Bulls Flex Muscles; Market Enters Uptrend”
Chart Of The Day – Hexaware Technologies Reaps A Bounty
Hexaware Technologies advanced 13.8% on above-average volume today. The stock hit a new high and closed 30% above its pivot price of Rs 394.50. It exhibits strong technical characteristics with Price Strength of 93 and Buyer Demand of A-.
Daily Big Picture – Bulls Take Centre Stage; Nifty Reclaims 10,800
Today’s Action:
Benchmark indices extend their gains; broader market outperforms.
Daily Market Review:
Frontline indices extended gains for the second straight session on the back of strong global cues.
Overseas, the U.S stock market trudged higher on Friday as investors set aside concerns about the escalating trade war. The upward trajectory was mainly after the Labor Department reported a strong jobs report. Continue reading “Daily Big Picture – Bulls Take Centre Stage; Nifty Reclaims 10,800”
Don’t Shy Away From a Rebuy Even if a Good Stock’s First Breakout Fails
Remember the saying, “If at first you don’t succeed, try, try again”? In stock investing, you have to be prepared to do just that. It might take several buys before a stock starts moving your way.
Trading is not as easy as just hitting the buy button on a sound stock that is breaking out of a textbook chart pattern in heavy volume. You cannot expect every stock you buy to be a big winner the first time you buy it. Continue reading “Don’t Shy Away From a Rebuy Even if a Good Stock’s First Breakout Fails”