Page 33 - Technical Analyst News Today

Paytm share price plunged 10 per cent to reach a 52-week low of ₹342.40 on BSE in intraday trade on Wednesday. Paytm share price has been witnessing acute selling pressure this month, falling as much as 55 per cent.

Post Bank Niftys sustained move over the key hurdle of 45,500, 46,000 level shall observe comeback of bulls, potentially prompting a rally towards the breakout mark of 47,000

Stocks that were in focus included names like Global Health, which rose 6.34%, MCX, which dropped 9.03%, and Apollo Hospitals, whose shares jumped 2.6% on Monday.

Reliance Industries (RIL) share price climbed almost 2 per cent to hit its fresh all-time high of ₹2,957.80 in intraday trade on BSE on Tuesday, February 13.

The combined weakness in PSU and private banking stocks could drag Bank Nifty index to levels 44,000-43,800, with a formidable resistance of around 45,600.

Over 1000 companies would be announcing their Q3 FY24 results in the coming week, thus ending the earnings season. Among the major ones announcing results are Mahindra & Mahindra, Eicher Motors, Hindustan Aeronautics, Mazagaon Dock Shipbuilders, and Phoenix Mills

The scrip had surged about 135 per cent from its 52-week lows at Rs 14.10 hit in October 2023. The stock has surged about 45 per cent since Monday.

Stocks that were in focus included names like EIH, which rose 20%, Gensol Engineering, which increased 10%, and Trent, whose shares jumped 19.48% on Wednesday.

YES Bank stocks have been on the radar of Dalal Street traders lately. The stock turned multibagger from its 52-week low of Rs 14.10 hit in October 2023.

Shares of YES Bank surged about 99 per cent from its 52-week low at Rs 14.10 hit in October 2023. The private lender is up more than 23 per cent in two sessions.