Crisil Limited | Crossed above Super trend | Latest stock market news 

 (3 minutes read)

Stock name: Crisil Limited

Pattern: Crossed above Super trend

Time frame: Daily

Observation:

The stock has been in a sideways to uptrend since Covid lows and is currently trading near the all-time highs. Today’s price has broken out and went above the daily time frame super trend indicator. If the price sustains above 3500, then we can expect some good upside momentum in the said counter. The volumes are also good today.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

News for the day:

1) Shares of Godrej Agrovet advanced 4% in today’s trade after the diversified agribusiness company signed MoUs with the governments of Assam, Manipur and Tripura for the development and promotion of oil palm cultivation under the National Mission on Edible Oils-Oil Palm scheme.

2) TVS Electronics yesterday executed a business transfer agreement with GTID Solutions Development to enter into the mobile POS software solutions and authentication solutions space, offering hardware along with required applications, digital payment solutions, cloud computing software solutions etc. to segments like retail, banks and government. TVS Electronics will acquire the business and IP rights of GTID Solutions. TVS Electronics expects the transaction to be complete on or before 31 October 2022.

3) The government has clarified that there is no plan to levy any charges for Unified Payments Interface (UPI) services.

4) Union Minister for Road Transport and Highways, Mr. Nitin Gadkari said that we have to take Indian infrastructure to world standards. He said that he has decided to make Indian road infrastructure, even in Bihar and Uttar Pradesh, up to the road infrastructure standards of USA, before end of 2024.