Tag: Technical analysis
-
Chart Analysis | Mastek Ltd
Mastek Ltd is a premier enterprise digital and cloud transformation specialist, helping businesses navigate the digital landscape since 1982. With operations in over 40 countries, Mastek provides innovative solutions to large public and private enterprises, driving digital excellence and competitive advantage. Headquartered in Mumbai, India, Mastek is committed to delivering value, trust, and velocity to its clients. Chart of Mastek Ltd Mastek Ltd appears to be forming a cup and handle pattern on the weekly chart, which began with an initial uptrend followed by a consolidation phase. This classic technical pattern suggests a potential continuation of its upward momentum, indicating that Mastek Ltd may resume its bullish trajectory. Examining Mastek Ltd’s…
-
Deciphering the Zomato: Share Price Analysis & Latest News
Zomato faced a significant setback post-IPO but rebounded impressively Initial Struggles: Zomato experienced a notable decline in its share price following its IPO, facing challenges in the market. Resilient Recovery: Despite the initial setback, Zomato demonstrated resilience and strategic agility, implementing measures to recover from the downturn. Smart Rebound Strategies: Zomato employed smart strategies to…
-
Paytm Karo
Why I will not buy paytm share? Morgan Stanley on Friday bought shares of Paytm’s parent company One97 Communications for Rs 244 crore through an open market transaction. Why do I think it’s a bad idea for me? I am not a fundamental guy, so finding deep value stocks is not my expertise. I am…
-
Why should you buy Gold?
Gold is a valuable addition to a well-diversified portfolio for several reasons. Here’s why:- Hedge against Market Downturns: Gold provides stability and protection during economic uncertainty, serving as a hedge against equity market downturns. Inverse Correlation with USD: Historically, gold has shown an inverse correlation with the value of the U.S. dollar, acting as a…