Beware the quantum computers
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
The stock of Apollo Tyres gained 7.8 per cent accompanied by above average volume on Monday, breaking above a crucial resistance level of ₹100. This rally provides traders with a short-term perspective an opportunity to buy the stock at current levels.
Following sharp decline in early March, the stock recorded a 52-week low at ₹73.5 in late March. Thereafter, the stock reversed direction triggered by positive divergence on the daily RSI. Since late March, the stock has been in a medium-term uptrend. Last week, the stock decisively breached the 21- and 50-DMAs and currently continues to trend upwards, trades well above these averages. The stock appears to have resumed the medium-term uptrend with the recent rally.
Backing the uptrend, there has been an increase in daily volume over the past two months. The daily RSI has entered the bullish zone from the neutral region and the weekly RSI has entered the neutral region from the bearish zone. Besides, the daily and the weekly price rate of change indicators feature in the positive terrain implying buying interest.
Short-term outlook is bullish for the stock. It can extend the uptrend and reach the price targets of ₹109 and ₹112 in the ensuing trading sessions. Traders can buy the stock with a stop-loss at ₹102.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
Rocketship’s Anand Rajaraman on getting pitches from places like Rameswaram and Patna
Bengaluru-based Archeron group plans to open five banks that are run entirely by AI and quantum technologies
Ably skippered by N Srinivasan, India Cements is upping its post-Covid-19 game by expanding capacity
Three-in-one: Passive debt funds come at a low cost and have high-quality portfolios. Some offer return ...
Trend in the rupee movement and Q4 earnings can give direction to the market
There is room for improvement in fund transfer options
Silver looks positive but lacks the higher volumes required to substantiate bullishness
Murder is a theme that is unlikely to darken and yellow with time, the writer Truman Capote had once said.
A domineering father, three resentful sons and a vile plan — director Dileesh Pothan, screenwriter Syam ...
Actor Adil Hussain on theatre, communal amity and citizenship in a new book about Assam and its many ...
My Chennai sister sent me a photograph of a young man whose hair looked as if it had exploded out of the top ...
Marketers are padded up, sponsorship deals have been struck, and campaigns are rolling out. Now let the games ...
And what marketers can possibly do to bring it back in our lives
The agency has changed form over the years but its lustre has not dimmed
Media Factory has purchased the majority stake held by Sam and Lara Balsara of Madison World in Madison Media ...
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