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Havells India, for instance, saw a breakout of its falling resistance trendline adjoining the highs of March 2 and April 8, and formed a big bullish candlestick pattern on the daily timeframe with healthy volumes.
Following an almost 76 percent rise in the stock in the last 1 year, domestic brokerage house Axis Securities has picked auto major Hero MotoCorp as its 'top pick of the week'.
The price of gold has been rising unabated. It has soared to more than Rs 73,000 per 10 gm in 2024 from Rs 31,000 in early 2018. Is the rally sustainable or is this a bubble? - Issue Date: May 12, 2024
Gold prices have posted significant gains in the past few months, hence some steam off was also warranted.
But overall stock-specific action is clearly there in the market. The sectors which have already shown the breakout in the recent past are continuously showing the buying interest.