On Monday, the Sensex jumped by 454 points, and the Nifty closed above 23,300, thanks to gains in banks, finance, and power companies. Here’s a quick look at three stocks that caught investors’ attention:
Tata Technologies: The stock of Tata Technologies is going down quickly, now over 40% lower than its highest point since it started trading. It is below important averages like the 50-day and 200-day averages, which is not a good sign. There’s a lot of ups and downs happening, and the stock isn’t showing strength. It’s best not to buy this stock right now.
Paytm: Paytm’s stock recently fell sharply after a huge rise earlier this year. It’s now below the 50-day moving average, which means it’s struggling to gain momentum. The price is around 803, with support close to the 100-day moving average. Investors should hold on to their stocks but set a stop loss at 790 to protect against losses.
Dixon Technologies: Dixon’s shares fell about 17% after hitting record highs, but it is still in a strong uptrend. The price range of 17,770 to 18,916 is a key resistance area. If it can rise above this level, it may attract more buying interest. Investors should hold on to Dixon shares with a stop loss set at 16,550.
Summary: The market is moving, but be careful with your investments in these stocks!
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