Stocks that will see action this week
|
Updated on
Supported by rising crude oil price, the stock of Bharat Petroleum Corporation Limited (BPCL) has been moving up since October last year. It bounced off the 200-day moving average support in mid-October. Since then, the scrip has been forming higher highs and higher lows and the price has now rallied past both 21- and 50-day moving averages, indicating good upside momentum. Last week, it breached a strong resistance at ₹435 with good volume and made a fresh seven-month high of ₹467.8 on Thursday. This has opened the door for further strengthening. Substantiating this, the average direction index is signalling a strong uptrend. So, traders can buy with a stop-loss at ₹435. The stock can rise to ₹475.
BEML Ltd : Govt extends EOI deadline for BEML till March 22 indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
The exact percentage of the stake of Oil India and Engineers India will depend on the extent of the right of first offer to be exercised by the Assam government
Build consensus on need for privatisation tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.