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Syngene International has recently formed a double bottom pattern on the daily chart, complemented by a Morning Star pattern and notable volumes, signaling a bullish trend.
India Business News: The allocation of shares for the Azad Engineering IPO will be completed on December 26 through a lottery system overseen by the registrar. Investors c
Azad Engineering sold its IPO in the price band of Rs 499-524 apiece, with a lot size of 28 equity shares. The issue ran from December 20 to December 22.
Going 'long' is becoming an overcrowded trade on Dalal Street, and any negative trigger could lead to a sharp correction, warn experts. However, given the strong momentum, particularly in IT stocks, the downside could be protected in the immediate term. 'With the Nifty50 surging to new life-time highs, the bulls remain in control. Further upsides are likely once the immediate resistance of 21,492 is taken out.
Azad Engineering IPO allotment has been finalised and investors can now check their allotment status online