Breakout Stocks: How to trade Avenue Supermarts, Sapphire Foods and Oil India on Monday? – Market Summary
Avenue Supermart’s stock shows a strong rebound from the support level near 3,400, with immediate resistance at 4,119 (38% Fibonacci retracement) and 4,340 (50%). The price is above the 20-day EMA, signaling short-term bullish momentum, but below the 50-day and 100-day EMAs, indicating a broader bearish trend. RSI near 70 suggests overbought conditions. Higher volumes […]
Technical Breakout Stocks: How to trade Tata Investment, Oil India and BEML on Wednesday
The Indian market failed to hold on to the momentum on Tuesday and closed in the red ahead of the Interim Budget on Thursday and the outcome of the US Fed meeting. The S&P BSE Sensex plunged more than 8,00 points while the Nifty50 managed to hold on to 21,500 levels. Sectorally, buying was seen […]