PVR showing strong action post Q2 numbers and closing in positive territory since the last eight trading sessions. The stock is approaching towards its pivot point. The technical profile looks strong for PVR.
Market Status Change
Market status changed to confirmed uptrend
– The Indian market has been moved to a Confirmed Uptrend. Today, the Nifty rallied 1.7% on volume greater than the previous session, resulting in a follow-through day.
– Apart from strong global cues, declining oil prices strengthened the sentiment of investors who were looking to take positions in some beaten-down stocks after a major correction. Continue reading “Market Status Change”
Chart Of The Day – Vedanta gallops 6.2%, retakes 50 day line
Vedanta ended 6.2% up on an above average volume. It retakes 50-DMA, but price strength line still looks weak. It is attempting the rally with the markets, but it will be crucial to hold 50-DMA in upcoming sessions.
Chart Of The Day- Hindalco retakes 100-DMA
Hindalco ended 4.9% up on a flat day in the markets. The stock retook its 21-DMA & 100-DMA today, it is just 0.6% below 200-DMA.
