Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Today's Pick
We recommend a buy in the stock of Gateway Distriparks from a short-term perspective. It is evident from the charts of the stock that after encountering resistance around Rs 145 in January 2010, the stock was on an intermediate-term downtrend until it found support at Rs 100 towards the end of December.
Taking support from its long-term base at Rs 100, the stock changed direction. In the first week of February, it breached its 21- and 50-day moving averages emphatically and is currently hovering well above them. On February 16, the stock decisively broke out of its down trend-line and a significant long-term resistance at Rs 115 by gaining 5.6 per cent with above average volume. Moreover, it has penetrated its 200-day moving average positioned at Rs 111.
The daily relative strength index is featuring in the bullish zone and weekly RSI is on the verge of entering in to this zone. Daily moving average convergence divergence indicator has indicated a buy and has entered in to the positive territory implying upward momentum. Considering the recent break-out of key resistance we are bullish on the stock from a short-term point of view. We expect it's current up move to extend until it hits our price target of Rs 123 or Rs 126 in the days ahead. Traders with short-term perspective can consider buying the stock with stop-loss at Rs 116.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
With initial public offerings galore, we give you a cheat sheet to score some good grades
Biggest risk in selling funds in a rising scenario is exiting early and missing out on further gains
Go for a standard vector-borne diseases policy if you don’t have a regular health plan
No credit risk is an attraction, but note the nuances
After facing severe droughts for several years, farmers in western Maharashtra have turned the corner through ...
A toast to a traditional drip irrigation system still going strong in the Northeast
Raza Mir’s ‘Murder at the Mushaira’ works well as a historical novel that captures the sunset years of the ...
If you see garbage lying on the streets, remove it, says a dedicated plogger on a clean-up drive
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor