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The 52-week high serves as a crucial technical signal for traders and investors alike, representing a stock's peak value over the preceding year.
In a bustling session, Nifty closed around 22,200 defending the previous session's low at 22,075 and, prompted a rebound to regain the initial lost ground, said Rajesh Bhosale, Technical Analyst, Angel One. The sentiment remained bullish throughout the day as intraday dips were met with buying interest, Bhosale added.
Oberoi Realty has seen a consolidation breakout. The stock has formed bullish candlestick pattern on the daily charts with above average volumes, and now traded above all key moving averages.
India Business News: Indian benchmark indices, BSE Sensex and Nifty50 edged lower in trade on Friday. While Sensex fell 15.44 points, or 0.02%, to close at 73,142.80 point
Each lot of Esconet Technologies cost Rs 1,34,400 at the offer price and turned to Rs 4,64,000 on debut, delivering a solid listing gains of Rs 3,29,600 to the investors who received the allotment.