Shares to buy or sell: Rajesh Palviya of Axis Securities suggests these three stocks to buy, hold, and accumulate today
1 month, 2 weeks ago

Shares to buy or sell: Rajesh Palviya of Axis Securities suggests these three stocks to buy, hold, and accumulate today

Live Mint  

Stock Market News: The domestic benchmark indices, Nifty 50 and Sensex, opened lower on Friday, started the day lower on Friday, impacted by lackluster earnings and worries about foreign investments. Share Market Tips and Nifty 50 Outlook by Rajesh Palviya, SVP - Technical and Derivatives Research, Axis Securities Over the past couple of weeks, the benchmark index has been consolidating within 24,600-23,800 levels, indicating a short-term pause and a lack of strength in either direction. DCM Shriram Ltd The stock has decisively broken out of its past four years' "multiple resistance zone" between the 1200-1220 levels on a closing basis, indicating a strong breakout. The stock is positioned well above its 20, 50, 100, and 200-day simple moving averages, and these averages are also rising alongside the price, which reinforces the bullish trend. Investors should buy, hold and accumulate this stock with an expected upside of ₹1,450-1,713 with downside support zone of ₹1,185-1,125 levels.

History of this topic

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