Negative Breakout: Suzlon Energy among 8 stocks that crossed below their 200 DMAs
The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
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The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
The scan generates a bullish signal when the Relative Strength Index (RSI) crosses above 50 from below, indicating strengthening price momentum.
Six Nifty 500 stocks, including Coforge, Kalyan Jewellers and TVS Motor, featured on StockEdge’s White Marubozu scanner on July 28, signalling strong bullish momentum.
Crude oil prices surged and US equity futures declined following renewed Middle East conflict. American crude oil jumped nearly five percent, topping eighty-three dollars a barrel. Treasury futures also moved lower, and the dollar strengthened against major currencies. Technology shares remained under pressure as investors questioned artificial intelligence spending returns. Markets await the Federal Reserve…
Adani Ports is weighing a bid for Associated British Ports in the UK. This acquisition would expand Gautam Adani’s port empire significantly. Two Canadian pension funds are selling their controlling stake in Associated British Ports. Associated British Ports owns and operates twenty-one key ports across the United Kingdom. The company is also a partner for…
Indian stock markets closed lower on Tuesday after early gains faded. Larsen & Toubro and Tata Capital reported strong profit growth for the quarter. Ambuja Cement and Suzlon Energy, however, saw their profits decline year-on-year. RVNL announced a record date for its final dividend and secured a new order. Phoenix Mills posted a profit increase,…
Rajeev Thakkar sold a stake in PPFAS to WhiteOak Capital’s AIF. This transaction valued the unlisted asset management company at nearly ₹15,800 crore. Promoters Neil and Khushboo Parikh also recently sold a stake in PPFAS. These deals provide valuation insights for the closely held company. PPFAS reported increased revenue and net profit in the last…
UCO Bank plans to raise $500 million through foreign currency deposits and overseas borrowings. This move joins other lenders accessing the central bank’s concessional funding window. The facility has already attracted over $32 billion in foreign currency inflows. Non-resident deposits have been the primary driver of this significant mobilization. This initiative aims to strengthen India’s…
The Delhi High Court has issued a ruling for the liquidation of Paytm Payments Bank Ltd, following the Reserve Bank of India’s decision to annul its banking license due to major concerns regarding management practices and regulatory compliance. An official liquidator will oversee the bank’s dissolution, but it is important to note that this action…
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong winter harvest offers some financial cushion for lenders. Early stress is visible in personal and micro-enterprise loan segments. Lenders may slow small-ticket loan delivery due to risk aversion.