After forming fourth successive bull candles on the daily chart, Nifty ended June derivative series above the 24,000-mark for the first time ever amid short covering. The underlying trend of Nifty continues to be positive. A sustainable move above 24000-24100 levels could pull Nifty towards another Fibonacci extension resistance of around 24380-24400 levels in the … Read more
Pushed by strong order inflows and strong execution, multibagger rail PSU stock RVNL is having a dream run by rallying almost 1,000% in the past 2 years while displaying a 3-fold growth in the last one year alone. During the fourth quarter itself, the company’s revenue, EBITDA, PAT grew by 17.4%, 22% and 33% YoY, … Read more
Axis Bank has been in a broad range since November 23 and has been fluctuating between Rs 1,021.60 mark on the lower side, and Rs 1,150.95 on the upper side. The stock managed to breach the resistance one to create a new all-time high of Rs 1,182.90 on April 30. In the entire month of … Read more
