Daily Voice | Here is why this investment professional is bullish on auto, power sectors
Earnings support the price movement and the auto sector isn’t expensive, says Akhil Bhardwaj, Senior Partner at Alpha Capital
Stay updated with breaking news from Stock Tips. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Earnings support the price movement and the auto sector isn’t expensive, says Akhil Bhardwaj, Senior Partner at Alpha Capital
Given the current chart structure, short-term volatility is anticipated. The recommendation is to consider buying Nifty 50 near the support zone of 21,550 – 21,500, targeting an upside potential ranging from 22,126 to 22,500 levels.
Karur Vysya Bank has taken a support at 50-day EMA for second straight session. The stock fell 16 percent from its all-time high before showing the current recovery. It has formed long bullish candlestick pattern on the daily charts.
Aegis Logistics formed strong Bullish Engulfing candlestick pattern on the daily charts, which is a bullish reversal pattern forming at the downtrend. The stock traded above all key moving averages, with strong volumes.
The market doesn't appear to be too worried about the general elections, as it continues to trade near record high levels, Bank of India Investment Managers CIO Alok Singh has said