Technical Analysis of LEMONTREE & MARUTI Stock name: Lemon Tree Hotels Ltd. Pattern: Double bottom pattern Time frame: Daily Observation: In our blog dated December 10, 2024 (link for reference), we noted the stock forming a double bottom pattern on its daily chart. Following a breakout on December ...
CLSA Turns Overweight on India Amid US-China Trade Tensions CLSA Turns Overweight on India Amid US-China Trade Tensions In the wake of Donald Trump’s re-election as US President, Hong Kong-based brokerage firm CLSA has increased its allocation to Indian equities to a 20% overweight, while cutting it...
City Gas Distributors Facing a Potential Derating: What’s Next for IGL, MGL, and Gujarat Gas? India's city gas distribution (CGD) sector, represented by companies like Indraprastha Gas Ltd. (IGL), Mahanagar Gas Ltd. (MGL), and Gujarat Gas, has long enjoyed stable growth. However, recent challenges, ...
Technical Analysis of APLLTD & DIVISLAB Stock name: Alembic Pharmaceuticals Ltd. Pattern: Resistance breakout and retest Time frame: Weekly Observation: Following the post-COVID market crash, the stock saw a strong upward movement and reached a new all-time high (ATH) in December 2020. It formed res...
Technical Analysis of Affle and Lupin Stock name: Affle (India) Ltd. Pattern: Resistance breakout Time frame: Monthly Observation: The stock had been seen consolidation from February 2021 onwards. This has led to movement in a parallel channel on the monthly chart. In the month of August 2024, the s...