Latest news with #RexCano
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Business Standard
2 days ago
- Business
- Business Standard
MCX, Firstsource shares can zoom over 30%, hit new life-time highs: charts
Technical Alert: MCX and Firstsource Solutions stocks have witnessed formation of 'Golden Cross' on the daily chart; and hence are likely to log gains in the coming period. Rex Cano Mumbai Listen to This Article Shares of Multi Commodity Exchange of India (MCX) and Firstsource Solutions (FSL) were seen trading on a divergent note in trades on Friday, May 30, 2025 on the NSE. MCX stock was up nearly a per cent around ₹6,624 levels, while FSL share price slipped 3.5 per cent to ₹381 levels. Technical charts, however, flag a positive development for both MCX and FSL stocks. The daily charts show formation of the 'Golden Cross' pattern also commonly referred to as 'Golden Crossover'. The term 'Golden Cross' or 'Golden Crossover' means that the short-term - 50-Day Moving Average (50-DMA)
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Business Standard
2 days ago
- Business
- Business Standard
TajGVK, Chalet: How to trade hotel stocks ahead of Leela Hotels listing?
Technical outlook on hotel stocks: Taj GVK, Juniper Hotels look good on charts, while EIH could face some downward pressure. Rex Cano Mumbai Listen to This Article Leela Hotels IPO which closed for subscription yesterday May 28, with up to 4.5 times demand compared to the issue size, and is slated to debut on the BSE and the NSE on Monday, June 2, 2025. Leela Hotels' ₹3,500 crore IPO, in the price band ₹413 – ₹434; garnered bids for around 21 lakh equity shares as against 4.66 lakh shares for sale. Data from NSE shows that retail investors quota was not fully subscribed. Today, shares of Leela Hotel are expected to be allotted to successful bidders. How to check allotment status Meanwhile, here's
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Business Standard
3 days ago
- Business
- Business Standard
These 5 pharma stocks can fall up to 12% as technical charts flag caution
Abbott India, Aurobindo Pharma, Cipla, Dr Lal PathLabs and Torrent Pharma flag caution signals on technical charts; here are the key levels to watch out for. Premium Rex Cano Mumbai Listen to This Article Abbott India, Aurobindo Pharma, Cipla, Dr Lal PathLabs and Torrent Pharma are the 5 pharma stocks that have flagged a caution signal on the technical charts. Technically, these 5 stocks have seen a negative crossover of the key momentum oscillators like - the Relative Strength Index (RSI), Stochastic Slow or the Moving Average Convergence-Divergence (MACD) on the daily scale. Negative crossover of key momentum oscillators, coupled with violation of key support levels tends to weigh on the stock sentiment. Here's a detailed technical analysis of each of these 5 stocks - Abbott India, Aurobindo Pharma, Cipla, Dr Lal
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Business Standard
4 days ago
- Business
- Business Standard
HUL, Kaveri Seeds among 5 stock picks this monsoon; check upside potential
Technical outlook on 5 stocks - Hindustan Unilever, Dabur, Insecticides India, Jain Irrigation, Kaveri Seeds - that are likely to trade favourably as per the charts this monsoon season. Rex Cano Mumbai Listen to This Article The monsoon season in India this year 2025 started earlier than anticipated on May 24, 2025 - almost a week earlier than the usual June 1 date, and the earliest since 2009. On Tuesday, the India Meteorological Department (IMD) raised its monsoon forecast for 2025, projecting rainfall at 106 per cent of the long-period average (LPA), and expects June rainfall to be "above normal", at over 108 per cent of the LPA. The Indian monsoon has a direct impact on the agriculture sector, and also boosts the rural income and overall economy. Shares from agriculture, auto
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Business Standard
5 days ago
- Business
- Business Standard
Eternal vs Swiggy: Tech charts favour this stock, hint up to 21% upside
Eternal is seen trading in a tight range of ₹220 - ₹247, with strong support seen around ₹218 levels; Chart hints at a likely positive bias for this stock; while Swiggy may face downward pressure. Rex Cano Mumbai Listen to This Article Shares of online food-delivery cum quick-commerce-space - Eternal (formerly known as Zomato) and Swiggy - were seen trading on a tepid note on Monday in an otherwise firm market. Eternal stock had plunged nearly 5 per cent to a low of ₹225.70 on the NSE amid reports of likely passive outflows in the near-term owing to global indices rejig. According to a report by IIFL Capital Services Eternal could see passive outflows of $840 million due to the impending rebalancing of FTSE and MSCI indices. READ MORE On the earnings front, Eternal reported a 77 per
