Sensex Rises 454 Points: Insights on Tata, Paytm, and Dixon Stocks

“Sensex rises 454 points; Nifty tops 23,300. Analysis of Tata Technologies, Paytm, and Dixon Technologies stock performance and investment advice.”

stocks to buy tata technologies paytm and dixon tech on investors radar

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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