In the standard Cup & Handle pattern, we connect the high after Cup with the high created after the handle. A trend line is drawn by connecting these highest points of the two peaks, which is called as 'Neckline'. This trend line is the most important component of C&H pattern. … [Read more...] about Story in a chart: ‘Cup & Handle’ pattern in Motherson Sumi suggests buying opportunity
Benchmark Index failed to hold its gains above 50 DMA, as Nifty consolidated in a tight range of 9,200-8,800 throughout the last week. The index has formed a bearish candlestick pattern on the weekly time frame suggesting selling pressure on the higher side. Important support is in the region of 8,750-8,650 levels which is a prior swing low. Currently, daily average true range, ATR 10 SMA is around 200 and it is been observed historically that 150-200 is a range of relative lower ATR and supports consolidation indicating a higher probability of sideways movement. Upside momentum will come only above 9,200. … [Read more...] about ‘Upside momentum in Nifty seen only above 9,200, bet on these 3 stocks for double-digit returns’
The G8 Power Lite was available for sale via Flipkart earlier today. Motorola claims that its budget smartphone went out of stock within 20 seconds. The company did not reveal the exact number of units that were available for sale. Details regarding the next sale will be notified on Flipkart. … [Read more...] about Motorola G8 Power Lite with 5,000 mAh battery goes out-of-stock within 20 seconds during first sale
Covid’19-related shutdowns hurt an otherwise healthy year for ABFRL. It reported 7.7% revenue growth and a 16% EBITDA drop in FY20. The `10bn rights issue as a risk-mitigation strategy would strengthen the balance sheet. The inherently strong brands and otherwise healthy working-capital cycle are its key strengths. The stock price has fallen ~36% since the lockdown with concerns about demand revival uncertainty and mounting debt. On the extended lockdown and higher fixed costs than previously expected, we cut our FY21e/FY22e revenue 6.3%/8.3%, EBITDA 44.5%/25.0%. We maintain our Buy rating with a lower TP of `137 based on 18x FY22e EV/EBITDA. We believe the ability to control fixed costs and demand revival are key monitorables. … [Read more...] about Buy Aditya Birla Fashion and Retail target of Rs 137: Anand Rathi
In Wipro, after CEO Vivek Paul's exit in 2005, Azim Premji assumed the role for three years till 2008. Between 2008 and 2011, the company was led by Girish Paranjpe and Suresh Vaswani, both of them old-timers, who quit in 2011 on grounds of personal reasons. By then, Wipro's growth began to slump. … [Read more...] about Wipro’s new CEO: Can foreign executives succeed in Indian IT firms?