The automobile sector has experienced exponential growth in India and TVS Motors is one of the beneficiaries of it. The runup it experienced especially last week seems to have hit a resistance level which might see it decline from here on. Immediate support at 400 level.
EURUSD seem to be looking at working its way to go down towards parity. The current political and economic climate might seem to suggest the same as well.
With geo-political issues people run towards the Dollar safe haven status again and Euro is always one country away from having another round of news being going everywhere that the union might be...
Escorts is one of the best stocks out there in the NSE. People who held the stock patiently since 2011-2013 have been handsomely rewarded with the profits on paper that they would have made.
The company's share price has increased by over a 1000% in the last 4 years. 295% in the last 1 year and 100% in the last 3 months. These returns are astronomical by any...
DCB Bank has eclipsed its all time high that it reached back in late 2007 when the GFC unfolded.
The stock gave a return of 70% in the last 3 months alone to its rewarding shareholders with many expecting for it to go even higher from here.
3 Months back one can argue that the stock might be undervalued but the rate of increase at this pace would have made most...
Triple Top pattern on #CapitalFirst stock being experienced at the moment as it has been unable to breach the 800 mark.
Good opportunity to short at this level.
One can expect the price to see a correction of atleast 5% in the coming days after a sudden spike in price by almost 37% in a little over 3 months.
RSI on daily chart indicates that it is in overbought territory and the overall trend is downwards as well after the price peaked in early 2015.
It's no surprise that some of the companies on NSE Index are currently priced at extremely rich valuations and Bajaj Finance fits that criteria, in my opinion, perfectly.
Fundamentally, the company is valued at 65,000 crore market cap which makes it almost as big as two of the largest lenders in India, Bank Of Baroda and Punjab National Bank...
