Beyond the Buzz Into the Core
Eight stocks from the Nifty200 pack closed above their 200-day Daily Moving Averages (DMA) on August 4, as per StockEdge.com’s technical scan data. The 200-DMA is a key trend indicator used by traders to assess the broader direction of a stock. When a stock’s price moves above this level on a daily chart, it is generally considered to have entered an overall uptrend. Take a look:
Ambuja Cements, part of the cement industry, has rallied by about 20% in the last 3 months pushing the stock to fresh record highs in March 2024 and the price action suggests that bulls are here to stay. Short-term traders can look to buy the stock now for a target above Rs 700 levels in […]
MUMBAI – Verlinvest Asia has exited Sula Vineyards after 14 years of investment in the company, after it sold 8.34% stake in the company in the open market on Monday. Shares of the wine-maker ended at 569.10 rupees on the NSE, down nearly 8% from the previous close. “Verlinvest and Sula Vineyards Limited have shared […]
In a market addicted to complexity, Siddharth Bothra finds comfort in clarity. The Ambit Asset Management fund manager isn’t chasing moonshots or falling for market fads. Instead, his Coffee Can Portfolio is built on a deceptively simple idea: buy high-quality businesses with enduring moats, strong returns, and the power to compound quietly over time. Edited […]