restrict-user-access domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home1/portfol1/public_html/wp/wp-includes/functions.php on line 6114For a company that has been under duress due to debt and has been referred to CDR, the stock has given ample opportunities for exists. Today’s fall means that the price is now nearing the major support of 140 below which 80 is the supporter of the last resort.
Another one of the charts which theoretically has no predictive value gives an interesting insight. Chart below plots the total Win / Loss on each day of the year. The best day was Thursday with Tuesday being the worst.
Chart suggests changes maybe working as the stock breaks multi year highs. The all time high of the stock registered during the IT boom of 2000 is a very long way away though.
Dhanuka – a company that had no news items worthy of report for a really long time suddenly caught the attention of traders as it has moved nearly vertically over the last few weeks. Today, the stock saw massive volumes and the stock ended below 50% of the days range. Seems a fit case of “Buying Climax” though time will tell whether this is the end of the current run or is this the start of a long term bull rally.
Here is the Top 10 Gainers and Losers on NSE. All stocks which were trading below 50 (Adjusted) as on 31-12-2012 were not included to ensure that penny stocks that show enormous gains do not fudge the picture.
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Every year, we see one or the other sector outperforming all others by a pretty wide margin. 2013 has been the year of Information Technology stocks which has given a return double its next closes competitor – Pharma Index.
Below is the sectors that won over the years. As you can see, it has been dominated by FMCG Index showcasing the consistent growth it has provided to investors through thick and thin
One of the key drivers of growth is the Auto Industry and while we are yet to see a major bump up in terms of sales, Auto companies have been doing pretty well on the markets.
Wabco TVS is one such company. The stock has been showing strong momentum from very long time and has a couple of weeks back broken out of a consolidation pattern
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