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Indian Hotels extended uptrend for third consecutive session after several days of consolidation. The stock has formed bullish candlestick pattern on the daily scale with above average volumes, and traded above all key moving averages.
The broader market outlook suggests a sell-on-rise strategy as long as the Nifty 50 stays below 21,650.
Bandhan Bank has gained strength after consolidation in the recent past and went very close to the September swing high. The stock formed healthy bullish candlestick pattern on the daily timeframe with significantly higher volumes.
Technology will be interesting theme for 2024, if interest rates actually end up falling and there is a soft landing in the US, as being anticipated, says Jimeet Modi.
Telegraph Money gathers investment analysts’ most promising stocks for 2024