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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.
Glenmark Pharma hit the highest level since 2017. The stock has formed long bullish candlestick pattern on the daily timeframe with strong volumes, and traded above all key moving averages.
The market is anticipated to display sideways movement with increased volatility.
Anil Rego of Right Horizons anticipates robust annual earnings growth over the next three years, driven by a multi-decadal growth outlook for the economy.