The near-term oscillators are in sell mode and the index is likely to slide towards 11,76.
To be sure, none of the 19 multi-baggers was part of the BSE500 index.
A Hammer-like pattern usually has bullish connotation for the near term.
Analysts say the demand recovery may not help bottom lines or stock prices.
In last five years, the company’s profit has grown at a CAGR of 73 per cent.
Momentum oscillator Stochastic has turned positive from the oversold zone.
Is the government really worried or think that this is only a passing phase?
The NSE Nifty50 has formed higher highs and lows for the second straight session.
Nifty index pulled back from its '20 DEMA’ support at the 11,770 level last week.
On a near-term basis, the index may try to take support between 11,750 and 11,800 levels.
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