Latest Updates Around The World
Newgen Software shares ended the week 16% higher, while Netweb Technologies rose over 17% and was among the best performing Nifty 500 stocks during the period.“Notably, delivery volumes for Netweb are up 3x and for Newgen almost 9x compared to their respective monthly averages, suggesting strong hands have been built on the upside. We would […]
Ola shares ended the week 6% lower despite recovering on Friday, reflecting continued weakness in the broader trend. While near-term technical indicators point to a possible rebound, Anand James, chief market strategist at Geojit Investments Limited, cautions that the shares lack confirmation of a sustainable reversal, suggesting more consolidation or downside risk lies ahead.Edited excerpts […]
Kaynes Technologies’ sharp 43% decline from its October peak, capped by a steep 12.5% decline on Friday, has raised questions about whether the stock is approaching a reversal zone or sliding into deeper losses. While momentum indicators remain firmly bearish, the wide gap to the 200-day moving average signals potential mean-reversion opportunities for tactical investors.Edited […]
Anand James, main market strategist at Geojit Investments, expects Muthoot Finance to climb to RS 3,000 after a strong Q1 performance and an outbreak of the two-month lateral trend. He advises to keep Neerwaartse Markers on RS 2,675 or RS 2,635, in accordance with the 20-day SMA, to manage the risk while driving on the […]
