Latest Stock Market News

Siemens shares gain 1.17% as Sensex rises

Updated at : 2023-07-24 11:25:01

Rate this item

(1 Vote)

The stock quoted a 52-week high of Rs 3940.0 and a 52-week low of Rs 2575.0.

The Nifty Auto index was trading 0.56 per cent up at 15677.25.

​And that is something similar to what we are looking at the compression for the other banks also though not at the same magnitude in terms of growth but directionally every bank is going to show moderation.

The counter is in a downward trend and from the last trading session it has broken a demand level at around Rs 1350 and also given a closing below the same level. The overall structure is distorted as it trades below its all-important moving averages, however, it has a next demand zone near 1300-1280. On the upside, 1350 is an immediate susceptible area. Above this, we can expect a run-up towards 1400+ levels in the near term.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.

​t is a one-day candlestick pattern in which there is a small red real body and a lower shadow extending from the body and is formed at the top of an uptrend.​

We launched the fund on 20th March 2023 and as of 12th July 2023 an INR 50 Lac portfolio invested on the launch day has now become an INR 64 Lacs portfolio (28% Return) vs the benchmark return close to 16%.

These returns have made many market participants feel that markets have run up a lot. Let’s broaden our horizons a little more. The markets peaked around mid-October 2021.

​ This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased.​

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.