Stocks News
Market Trading Guide: Tata Steel, PNB Among 7 Stock Picks for Monday – Stock Ideas
Target price: Rs 44
Stop Loss: Rs 38.5
Pennant breakouts, indicating a bullish trend in the security, were observed daily on Infibeam Avenue. The price is trading above the top, forming a bullish candle pattern. A gradual increase in volume on the day of the breakout indicates that buyers are active in the market. In a momentum zone, RSI is trading on an upward trajectory.
Stop Loss: Rs 38.5
Pennant breakouts, indicating a bullish trend in the security, were observed daily on Infibeam Avenue. The price is trading above the top, forming a bullish candle pattern. A gradual increase in volume on the day of the breakout indicates that buyers are active in the market. In a momentum zone, RSI is trading on an upward trajectory.
On the directional front, DI+ is trading above DI-, which indicates a positive trend, while ADX is trading above DI-, which indicates a bullish movement.
(Drumil Vithlani, Technology Research Analyst, Bonanza Portfolio)
