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Breakout from symmetrical triangle on the weeklytime frame with jump in volumes

Emerging markets would take cues from the US equity markets. S&P500 results are likely to be better in Q3CY23. Thus, US markets can remain buoyant for some more time despite another two possible rate hikes and would see a decline if the earnings start coming lower than market expectations.

Hero MotoCorp, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 62002.27 Crore) operating in Auto sector.

If confirmed in data from the Energy Information Administration later on Wednesday, it would be the first crude stock build in four weeks and compares with an increase of 3.3 million barrels in the same week last year and a five-year average decrease of 6.9 million barrels.

Ahead of the release, the U.S. dollar fell to a two-month low of 101.45 against a basket of currencies, extending its losses from the start of the week after Fed officials said the central bank was nearing the end of its current monetary policy tightening cycle.

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.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be in an overall uptrend.

“We value Reliance Retail closer to about $105 to $110 billion on an aggregate basis. The valuation that seems to be in the media is more or less in sync or rather our valuation is more or less in sync with what the media seems to be reporting and there is very less delta to be played through that particular initiative or that basically news flow. ”

​I believe that the overvaluation is going to be in the IT stocks. The IT stocks are not performing as expected and with the fear dollars days almost numbered. I believe that sector is going to take a very big whack and investors who have been buying these are going to be in for rough times going ahead.

Aviation watchdog DGCA has put SpiceJet under "enhanced surveillance" amid the budget airline facing multiple financial headwinds in recent months, PTI reported, but the carrier refuted any such development.