Mobility paves Samsung’s silver path
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
The stock of Birlasoft Limited is a good candidate to buy for the short-term, given that it has witnessed a fresh breakout of the consolidation range.
Since registering a low of ₹46.7 in late March, the stock has been moving up gradually. The uptrend got accelerated in July when the scrip pierced through the psychological level of ₹100, turning the outlook positive. The stock price doubled since then and hit ₹200 in mid-September. That is when the bulls started to lose strength. However, there was no price correction and instead the stock went into consolidation phase. That is, it was oscillating between ₹175 and ₹210 until Monday.
Yesterday, bulls made a comeback and consequently the scrip broke out of the range and recorded a fresh 52-week high of ₹236.9 before ending the session at ₹232.8. This has increased the likelihood of the stock establishing another round of uptrend. Substantiating the positive bias, a considerable increase in volume can be seen during the breakout.
Hence, traders can buy the stock on dips with stop-loss at ₹215 for a target of ₹250.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts
Invest in relationships, enterprise, behaviour, effort and learning
From different types of osmoses to new membranes, researchers have come up with ways of drawing water
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
There’s no reason to bail out of your fund as long as it’s matching the category average
Amid choppiness, the benchmark indices slipped marginally; approach the week with caution
SBI Cards (₹1,032.7): Witnesses fresh breakoutBetween September and December last year, the stock of SBI Cards ...
That weekend came the news that Champa’s elder daughter was engaged, the proof arriving in the form of Jaimini ...
“Amma,” Divya yelled from the bathroom. “There’s something in my teeth.”Balakrishnan and Veena froze and ...
What makes the new crop of young Indian cricketers such game-changing winners? Over and above their talent, ...
For their dead, Parsis practise a 3,000-year-old system where corpses are excarnated in the Tower of Silence, ...
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Paneer, once alien to the South, has found a lucrative market in Chennai
Social media influencers are flipping the rules by first getting followers and then launching products and ...
The Flipkart kids playing adults are back — this time to push the home grown e-commerce marketplace’s grocery ...
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