Trader's Guide: 2 stocks that can jump 6% each in short term
Synopsis
This hospitality stock is attempting a breakout from the technical price pattern of a pennant. A breakout from such a pattern indicates a continuation of the ongoing trend and has the potential to move up by ~6%. The stock price has been comfortably moving above the multiple moving averages, reflecting the bullish trend in the stock.
Expert: Milan Vaishnav The start of the week was on a disappointing note for the Indian markets. After showing initial resilience and trading with just modest losses in the first half of the session on Monday, the NIFTY50 index gave up in the last two hours of the trade. The benchmark index slipped and ended with a net loss of 207 points (-1.21%). The Index has defended the 100-DMA which is at 16734. However, it has slipped below the 200-DMA
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