Piramal Enterprises continued its rally for third straight week. The stock has gained more than 25% in last three weeks. Investor are positive after the Q2 results and positive outlook from management.
Asian Paints gallops 3.5% as Crude prices as oil falls below $70/barrel. After a gap up opening, it retakes its 50-day line on above average volumes. It is forming stage 1 consolidation base and 13% away from pivot point.
Zee Entertainment stock rose 2.3% today ending the three-day loses. The stock is 2.7% below its key support of 50-DMA.
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.
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.