Page 25 - Share Tips News Today

Glenmark Pharma hit the highest level since 2017. The stock has formed long bullish candlestick pattern on the daily timeframe with strong volumes, and traded above all key moving averages.

The market is anticipated to display sideways movement with increased volatility.

Anil Rego of Right Horizons anticipates robust annual earnings growth over the next three years, driven by a multi-decadal growth outlook for the economy.

One should keep an eye on the ongoing geo-political tensions and multiple important elections that will happen across the world this year, says Shailendra Kumar.

JBM Auto has seen a decisive breakout of falling resistance trendline and formed robust bullish candlestick pattern on the daily charts with healthy volumes. The stock stayed above all key moving averages.

The ongoing bullish trend is likely to continue in broad market indices like midcap and small cap segments for the coming weeks.

Experts expect the Nifty 50 to focus on 21,800-22,000 levels in coming weeks after ongoing consolidation, while taking support at 21,700-21,500 levels and advising buy on dips strategy

Traders are advised to maintain a cautious approach with regards to long positions.

Companies in IT sector have demonstrated good corporate governance, high cash flow generation and have been distributing the same to shareholders through buybacks and dividends, says Karthikraj Lakshmanan.

Affle India has also seen a breakout of falling resistance trendline and formed long bullish candlestick pattern on the daily timeframe, with robust volumes.