Use technical analysis to predict long-term trends and make money: Foram M Chheda
My focus mainly is on technical analysis. Being a disciplined trader or an investor and just applying technical analysis can help you to make money. Fundamentals can be an add-on because when it comes to fundamental analysis, you are looking at the earnings and the management, says Foram Chheda of ChartAnalytics Key Points
Economic TimesNever underestimate the power of simplicity! Especially in stock markets
ETMarkets is hosting a day-long webinar on June 3 with leading women traders to help traders navigate the market charts and develop effective risk management techniques. The event features sessions on the identification of multibaggers, momentum-based trading, basics of technical analysis, risk management, and different trading strategies. The webinar aims to help participants build a solid foundation in technical analysis, identify market trends, optimize entry and exit points, and make well-informed decisions. Nothing complex but effective. Key Points
Economic TimesGarware technical Fibres Q4 consolidated PAT up 11 pc at Rs 59.6 cr
The company's PAT stood at Rs 53.9 crore during the corresponding quarter of the previous fiscal, Garware technical Fibres said in a regulatory filing. Key Points
FinancialexpressSanjiv Bhasin on 3 pedigree stocks that are must-haves in your portfolio
“Pedigree stocks with business outlook and transparency and forward-looking guidance will always trade perfect to prices and supersede those prices. So, for Maruti, 12,000 is very much on the card. For Nestle 27,000 is a possibility. And thirdly, there is Indian Hotels .If you want to participate in the India story with a slightly longer-term view, these three stocks are a must in your portfolio. ” Key Points
Economic TimesHigh-level committee to examine Teesta Stage III dam breach: Sikkim CM
The Sikkim government has formed a high-level committee to investigate the Teesta Stage III dam breach that occurred on October 4. The committee, consisting of technical, financial, and subject experts, will examine the allotment process of the 1,200 MW project and assess the credibility, genuineness, technical know-how, and financial solvency of the consortium responsible for building the dam. Key Points
Economic Times
DGCA carrying out technical evaluation of two incidents involving IndiGo planes
India's Directorate General of Civil Aviation (DGCA) is conducting a technical evaluation of engine issues experienced by two IndiGo aircraft, according to an official. The flights, one from Kolkata to Bengaluru and another from Madurai to Mumbai, suffered engine problems on Tuesday. Key Points
Economic TimesWorld Bank approves USD 255.5 million loan for better technical education in government-run institutions in India
The World Bank has approved a USD 255.5 million loan for improving the quality of technical education in government-run institutions in India. Key Points
The Tribune IndiaWorld Bank approves $255.5 million loan for better technical education in government-run institutions in India
The World Bank has approved a $255.5 million loan for improving the quality of technical education in government-run institutions in India. Key Points
The HinduGovt extends deadline to apply for judicial, technical posts at NCLAT till Sep 1
To widen the participation of candidates and attract the best talent, it has been decided to accept further applications, with the last date for submission of the online application being extended to September 1, 2023, the notice said. All other terms and conditions of the vacancy circular, including eligibility criteria, age limit, and qualification, for the posts remain unchanged, it added. Key Points
Economic TimesETMarkets webinar: How to crack the code to profitable trades
ETMarkets is hosting a day-long webinar on June 3 with leading women traders to help traders navigate the market charts and develop effective risk management techniques. The event features sessions on the identification of multibaggers, momentum-based trading, basics of technical analysis, risk management, and different trading strategies. The webinar aims to help participants build a solid foundation in technical analysis, identify market trends, optimize entry and exit points, and make well-informed decisions. Nothing complex but effective. Key Points
Economic Times
Breakout Stocks: How to trade BLS International, Bajaj Auto and Equitas SFB on Wednesday
BLS is currently trading at an all-time high of ₹317. The stock has recently experienced a robust breakout of a rounding bottom pattern, accompanied by significant trading volume, forming a strong bullish candle on the daily chart. This trend signals a positive shift in momentum for the stock Key Points
Economic TimesStock market soars amid global optimism: Sustains positive momentum
Mumbai (Maharashtra) [India], December 12 (ANI): The stock market continued its bullish streak as it opened in the green today, with both benchmark indices showcasing positive momentum. The Sensex surged 89.81 points, opening at 70,009.20, while the Nifty gained 35.25 points, starting at 21,032.35. Show Full Article Among the Nifty companies, the market exhibited strength […] Key Points
ThePrintLearn with ETMarkets: Want to understand price trends? Here are 6 key techniques
Nevertheless, Tara faced a new challenge of determining how to identify a trend. With a wise smile, Dev replied that there were several techniques to identify trends in the financial markets. Key Points
Economic TimesOnce the technical selling is over, Jio Financial will go much higher: Chakri Lokapriya
The price discovery will happen once this technical selling is over. I still strongly believe that it starts off the race in a very strong place with strong capital which is the number one requirement for any NBFC. So, which means I think over time, it will actually see a re-rating of the multiples which on a fair value basis is hardly about a couple of times book value where it should trade much higher given its NIMS will be much higher. Key Points
Economic Timestechnical glitch hits IndiGo operations
IndiGo operations were affected across the country on Saturday due to a technical glitch in its systems. The glitch led to slower check-ins and massive queues at airports. The airline said it was working to resolve the issue at the earliest. “We are currently experiencing a temporary system slowdown across our network, affecting our website and booking system. As a result, customers may face increased wait time, including slower check-ins and longer queues at airports,” the airline said. In another statement issued later, IndiGo said, “Our airport systems are up and running, and our airport services have eased out...” Key Points
The Tribune
Market Trading Guide: IDFC First Bank among 2 stock recommendations for Wednesday
On the technical charts, Nifty formed a huge bearish engulfing candlestick. It broke the crucial support of 21,300 with a head and shoulder pattern. Now the next support lies at 21,000 coinciding with the 50-day moving average (DMA), says Sheersham Gupta, director and senior technical analyst at Rupeezy Key Points
Economic TimesCanada extends consultation period for RBC's $13.5 bln bid for HSBC unit
Canada's finance ministry has extended the consultation period for Royal Bank of Canada's (RY.TO) $13.5 billion proposed acquisition of HSBC's (HSBA.L) Canadian unit by 15 days due to a technical error that prevented the department from receiving some submissions by email. Key Points
ReutersStock Radar: Short-term traders may look to accumulate Bharat Forge on dips; here’s why
Bharat Forge, a part of the casting and forging industry, has a solid technical setup that suggests short-term traders can look to accumulate the stock on dips. While it is down about 10% from its record high of Rs 919, the stock has formed a strong base above Rs 740 levels and has managed to climb above the 50-Weeks Moving Average at Rs 791. Key Points
Economic TimesSisira Kanta Dash to become Air India's Chief technical Officer
Dash is currently the head of engineering at Vistara. The source said he has been appointed as Chief technical Officer (head of engineering) from June 2023. Dash will take over from Arun Kashyap, who is leaving Air India shortly after a year in pursuit of other opportunities, the source added. Key Points
Economic TimesShipment from abroad stuck at ports after new payment system glitches
In a two series tweet, CBIC said CBIC has noted difficulties being faced by members of the trade in making duty payments over the customs automated system. It maybe noted that an upgraded and modern system of payment is live since 1/4/ 2023. Our technical teams are working overtime to fix some teething issues and the problems being temporarily noticed will be resolved at the earliest. . Key Points
Economic Times
AICTE announces new scholarship for girl students in BBA, BCA, and BMS programs
The funding will be provided annually to students from economically weaker backgrounds. Those enrolled in AICTE-approved institutions will be eligible for the scholarship. Key Points
ThePrintByju's delays November salary of around 1,000 employees, cites 'unexpected technical glitch'
Around 1000 employees of edtech startup Byju's have had their salaries delayed due to a technical glitch. The company said it was working to resolve the issue. Key Points
mintExplained: Why MCX shares fell over 8% in early trade today
At around 9:50 am, MCX shares were down 8.30 per cent at Rs 1,922.50 apiece on the National Stock Exchange (NSE). Key Points
India TodayNifty immediate upside target at 18459, support placed at 18250; Wipro, Avanti Feeds among top stocks to buy
NSE Nifty 50 uptrend is expected to continue, despite selling seen in the last two sessions. The immediate targets of 18459 is also likely to be taken out in the coming sessions. Key Points
FinancialexpressE-buses tender: SC dismisses plea by Tata Motors challenging Bombay HC order on disqualification
The Supreme Court dismissed Tata Motors' plea against the Bombay High Court's decision upholding the disqualification of the automaker from a tender process for the supply of 1,400 electric buses. The court ruled that Tata Motors had deviated from the material and essential term of the tender process. The automaker had argued that its technical bid was unfairly rejected in favor of Hyderabad-based company Evey Trans. Key Points
Economic Times
Watch: Shocking moment as plane's engine catches fire just before take off
A flight was aborted at Brazil's Rio de Janeiro after a plane's engine burst into flames on the runway before take off. No passengers were hurt in the incident. | World News Key Points
Hindustan TimesDHS Assam grade 3 result 2023 for technical posts today, know where to check
DHS Assam grade 3 results will be announced on dhs.assam.gov.in, dhsfw.assam.gov.in, dme.assam.gov.in, and ayush.assam.gov.in Key Points
Hindustan TimesPlan to reward patent, IPR creation in technical textiles in the works
As per the draft rules, the IP of the research outcome will generally vest with the host institution on behalf of the ministry. For all Indian patents, the government will have march-in rights, including the option of compulsory licence, in case of any exigency arising for the patent and technology to protect the interest of public, it said. Key Points
Economic TimesThis BSE500 stock turns Rs 10,000 to Rs 7 lakh in just 10 years
Chemicals company Alkyl Amines Chemicals has seen its shares increase 7,500% over the past decade, with a 366% rise in the past three years alone. The company, which has a market cap of about INR124.8bn ($1.68bn) manufactures amines and amine-based chemicals, used in pharmaceutical, agrochemical, rubber chemical and water treatment industries. Its shares currently have a price-to-earnings ratio of 55. However, technical analysts suggest the shares are currently underperforming, are indicating a downtrend, and advise refraining from fresh buying positions and setting a stop loss at INR2,260. Key Points
Economic Timestechnical Breakout Stocks: How to trade Aster DM Healthcare, ITI and IRFC on Wednesday
ster DM is currently trading at 430 level, having recently experienced a robust breakout above the 423 level, marked by a significant runaway gap. This breakout was accompanied by strong volumes, indicating substantial strength in the stock. Key Points
Economic Times
Royalty rate under Spain DTAA notified
The notification holds importance especially in view of the recent Supreme Court judgement in the case of Nestle wherein it was held that the Most favoured Nation clause is not auto-executory. The notification ensures availability of the benefit of lower Tax Rate with respect to Royalty income & FTS under the India Spain Tax Treaty, Pranav Sayta, Partner & Leader International Tax and Transaction Services, EY India said. Key Points
Economic TimesJapan avoids technical recession as Q4 GDP revised up to slight expansion
Japan’s gross domestic product (GDP) expanded at an annualized pace of 0.4% in the October-December quarter, the revised data by Cabinet Office reported on Monday, better than the initial estimate for a 0.4% contraction. Key Points
mintExdion technical training programme for life science students: Applications close today
India Business News: Apply to Exdion's technical training programme for life science students before the deadline today. The programme aims to empower candidates to become more employable and confident in their professional pursuits. Don't miss out on this opportunity! Key Points
Times Of IndiaRashmika Mandanna 'escaped death' as Air Vistara flight makes emergency landing
Bollywood actor Rashmika Mandanna survived a terrifying experience after her flight made an emergency landing due to a technical glitch and extreme turbulence. No injuries reported. Key Points
minttechnical Breakout Stocks: How to trade OFSS, PCBL and Sobha on Friday
The Indian market closed in the red on Thursday for the third consecutive day in a row. The S&P BSE Sensex fell more than 300 points while the Nifty50 closed below 21,500. Key Points
Economic Times
Nifty Financial Services stocks: Time to be contrarian and buy?
After a long phase of three years of consolidation and relative underperformance, there were some initial signs of the private sector banks making a comeback attempt. There have been reasons for their underperformance, right from mega merger which created a technical issue of overhang in shareholding, to changes in the top management. Also the fact that these stocks came in the over owned category of foreign institutional investors, who have been sellers time and again. Key Points
Economic Times