Here are the answers to readers’ queries on the performance of their stock holdings.
Please discuss the technicals of PFC and Glenmark Pharmaceuticals stocks for a medium- to long-term horizon.
Rajeswara Reddy
Power Finance Corporation (₹115): The stock of Power Finance Corporation (PFC) has been in a medium-term uptrend since recording a 52-week low at ₹90.5 in early October 2019.
But the stock met with key resistance at around ₹120 in late November and since been in a corrective decline. The key immediate support at ₹110 and the 50-day moving average cushioned the stock recently.
It surged 3.5 per cent with above-average volume last Friday and closed above the 200day moving average. The daily, as well as weekly indicators, are showing positive signs.
Denne historien er fra December 30, 2019-utgaven av The Hindu Business Line.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra December 30, 2019-utgaven av The Hindu Business Line.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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