ICICI Bank, Voltas, Engineers India: Trading strategies for these buzzing stocks
ICICI Bank is now showing signs of a revival after undergoing through a shallow correction in July, where the prices declined from the high of Rs 1,008 to all the way down to Rs 899.
- Nov 30, 2023,
- Updated Nov 30, 2023 8:12 AM IST
Domestic stock indices posted big gains on Wednesday amid across-the-board buying. The BSE Sensex surged 727.71 points, or 1.10 per cent, to end at 66,901.91. The NSE Nifty50 climbed 207 points, or 1.04 per cent, to end the day at 20,096.60. Voltas is in a negative trend on the daily chart. The recent rise witnessed selling pressure at the resistance level near its 50 DMA followed by the breach of the rising trendline. This indicates a bearish continuation sign. With a stop loss at Rs 840, the stock appears weak, with a potential target of Rs 780.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Also read: ICICI Securities shares in focus as BSE, NSE approve delisting proposal
Also read: Stock recommendations for November 30, 2023: Gujarat Gas, Chambal Fertilisers and Quess Corp
Domestic stock indices posted big gains on Wednesday amid across-the-board buying. The BSE Sensex surged 727.71 points, or 1.10 per cent, to end at 66,901.91. The NSE Nifty50 climbed 207 points, or 1.04 per cent, to end the day at 20,096.60. Voltas is in a negative trend on the daily chart. The recent rise witnessed selling pressure at the resistance level near its 50 DMA followed by the breach of the rising trendline. This indicates a bearish continuation sign. With a stop loss at Rs 840, the stock appears weak, with a potential target of Rs 780.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Also read: ICICI Securities shares in focus as BSE, NSE approve delisting proposal
Also read: Stock recommendations for November 30, 2023: Gujarat Gas, Chambal Fertilisers and Quess Corp