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Bharti Airtel Stock Hits Fresh 52-Week High on Strong Market Momentum
Market News - June 18, 2025

Aditya Birla Capital Hits 52-Week High Amid Strong Market Momentum

Aditya Birla Capital Hits 52-Week High Amid Strong Market Momentum

Aditya Birla Capital Limited (ABCL) has captured market attention after its stock surged to a new 52-week high on the National Stock Exchange (NSE). On June 17, 2025, the company’s share price touched ₹259.30, driven by consistent bullish sentiment and increased investor confidence. This significant milestone reflects the market’s optimistic outlook towards the company’s financial health and growth prospects.

Technical Indicators Signal Bullish Breakout

The stock’s recent movement has shown strong technical support, indicating a bullish breakout pattern. Aditya Birla Capital’s share price has not only crossed its previous resistance levels but is also trading well above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This multi-level support signals a sustained uptrend.

Technical experts highlight that the Relative Strength Index (RSI) currently ranges between 60 to 75, which shows that the stock has healthy momentum but is not yet in the overbought zone. In addition, recent trading sessions have seen a notable increase in volume, further confirming the strength behind the stock’s rally. Analysts suggest that immediate targets now lie at ₹309 and ₹342, with key support expected around ₹233 to ₹242.

Strong Quarterly and Annual Financial Performance

Aditya Birla Capital’s recent financial results have supported this bullish momentum. For the quarter ending March 2025, the company reported impressive revenue of ₹12,214 crore along with a net profit of ₹691 crore. On an annual basis, the company achieved a revenue of ₹40,590 crore and posted a net profit of ₹2,993 crore for the fiscal year 2025.

These figures mark a noticeable improvement from the previous fiscal year. In March 2024, the company reported revenue of ₹34,506 crore with a net profit of ₹3,135 crore. Although the profit slightly dipped on a year-on-year basis, the improvement in revenue and steady operational growth have reinforced investor trust.

The company’s book value per share also improved from ₹110 in the previous year to ₹116 in the latest fiscal period, indicating stronger asset backing for shareholders.

Valuation Metrics and Financial Ratios

Aditya Birla Capital’s financial ratios reflect a stable and well-rounded financial position. As of March 2025, the company’s Return on Equity (RoE) stands at 10.96%, while the Return on Capital Employed (ROCE) is steady. The company’s debt-to-equity ratio is currently around 4.59, showing high leverage, but this is typical in financial services and lending businesses.

The stock is currently trading at a Price-to-Earnings (P/E) ratio of 14.46 and a Price-to-Book (P/B) ratio of 1.59, suggesting that the stock is moderately valued compared to the sector. However, some analysts point out that the rising stock price may lead to an increase in valuation levels if the rally continues.

Robust Technical and Fundamental Setup

The stock’s bullish setup is further supported by key technical patterns, including a confirmed breakout from a falling wedge and the formation of bullish candles over consecutive trading sessions. The stock’s price has comfortably breached its 52-week high, supported by rising trading volumes and strong investor participation.

Year-to-date, Aditya Birla Capital’s stock has gained nearly 40%, significantly outperforming broader market indices which have posted modest gains of around 5% during the same period. This strong relative performance highlights the company’s leadership position in the financial services sector.

Potential Risks and Cautionary Notes

Despite the strong rally, investors should approach with caution. The stock’s elevated Price-to-Earnings ratio suggests that further price appreciation may depend heavily on continued earnings growth. Moreover, the company’s relatively high debt level could pose risks if macroeconomic conditions change or if interest rates rise in the future.

There is also a possibility of profit booking in the near term, especially after the recent sharp uptrend. Analysts recommend keeping a close watch on support levels between ₹233 and ₹242 to safeguard positions against potential downside corrections.

Future Outlook: Bullish with Disciplined Approach

Looking ahead, Aditya Birla Capital is expected to maintain its growth momentum driven by expanding assets under management, increasing loan disbursements, and improving asset quality. The company is well-positioned to benefit from India’s strong credit demand and favorable interest rate environment.

While the medium to long-term outlook remains positive, market experts advise investors to adopt a disciplined approach with defined entry points and strict stop-loss levels. With near-term targets set at ₹309 and ₹342, the stock offers attractive potential, provided investors manage risks carefully.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Pharma Stocks Decline Sharply Amid Fresh US Tariff Concerns

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Asian Paints Shares Dip After Reliance Offloads Stake
Market News - June 7, 2025

GRSE Shares Tumble 8% from Peak Despite 77% Monthly Surge

GRSE Shares Tumble 8% from Peak Despite 77% Monthly Surge

After a meteoric rise in recent weeks, GRSE stock faces a pullback amid ASM listing and technical overbought signals.

GRSE Stock Takes a Breather After Record-Breaking Rally

The stock of Garden Reach Shipbuilders & Engineers (GRSE) Ltd. took a step back on Friday, breaking a strong upward streak that saw the stock reach new heights. The defence public sector undertaking (PSU), headquartered in Kolkata, experienced a 4.69% drop, settling at ₹3,246.90. This marks a 7.97% decline from its lifetime high of ₹3,528 recorded in the prior session.

Despite the sharp intraday fall, GRSE continues to boast a remarkable 77.22% gain over the past month, a rally that has brought the stock under both investor and regulatory radar.

Regulatory Scrutiny Increases Amid High Volatility

Amid heightened price volatility, GRSE has been moved into the long-term Additional Surveillance Measure (ASM) category by both the BSE and NSE exchanges. This regulatory step is aimed at alerting investors to the heightened volatility surrounding the stock.

The ASM listing doesn’t imply any wrongdoing but serves as a cautionary label for stocks exhibiting sharp and frequent price swings. It’s designed to encourage responsible trading behavior and safeguard retail investors in the wake of extreme momentum-driven activity.

Strategic Global Tie-Ups Fuel Growth Narrative

GRSE’s rapid climb has been underpinned by a string of high-profile international collaborations. In a significant development, the company signed a letter of intent with Germany-based Rehder Schiffsmakler und Reederei GmbH & Co KG for the production of four additional 7,500 DWT multi-purpose cargo ships.

As part of another key initiative, GRSE established a memorandum of understanding (MoU) with Aries Marine, a company headquartered in the UAE. This partnership focuses on the design and development of offshore platforms and specialized marine vessels, potentially opening new business avenues in the oil and gas infrastructure space.

Additionally, GRSE has forged an agreement with a leading global engine manufacturer, indicating its commitment to boosting technological capabilities and diversifying its product portfolio in the marine and defence sectors.

Technical Indicators Signal a Cautious Outlook

Following its robust upward movement, GRSE has now entered technically overbought territory on the charts. Such a scenario often results in profit booking, which could explain the stock’s recent correction. Analysts tracking technical trends believe that immediate support is likely around the ₹3,200 mark, which coincides closely with Friday’s closing level.

While GRSE remains comfortably above its short-term moving averages, the stock’s sharp rally has prompted some market watchers to recommend a more conservative stance for near-term investors.

Price Action Suggests Potential Range-Bound Movement

With recent fluctuations, key support and resistance levels have come into sharper focus. Market participants anticipate that GRSE will likely oscillate within the ₹3,100 to ₹3,600 price band in the short term. Should the stock break decisively above ₹3,500, it could potentially extend its gains towards ₹3,600 and beyond.

Conversely, any sustained move below ₹3,200 could lead to a more meaningful consolidation phase, especially as the impact of the ASM listing plays out.

A Crown Jewel in India’s Defence Shipbuilding

GRSE continues to enjoy a privileged position as one of India’s foremost warship builders, operating under the oversight of the Ministry of Defence. The company has been instrumental in strengthening the country’s maritime defence infrastructure and has an extensive order book and delivery track record.

As of March 2025, the Indian government held a 74.50% stake in GRSE, underlining its strategic importance within the nation’s defence ecosystem. This significant ownership stake also instills confidence among long-term investors who value state-backed stability.

Final Thoughts

GRSE’s recent pullback comes after an exceptional run that saw its stock jump over 77% in just one month. While the decline from its record high may seem sharp, the overall trend still paints a bullish picture—fueled by global collaborations, strong fundamentals, and its status as a defence sector leader.

However, the inclusion in the long-term ASM framework and the technical indicators pointing to an overbought zone suggest that investors may want to proceed with caution. Monitoring support levels around ₹3,200 and watching for a break above ₹3,500 will be key to gauging the next phase of the stock’s trajectory.

Whether this dip is a brief pause or the beginning of a larger consolidation remains to be seen, but GRSE undeniably remains a stock to watch in India’s defence and shipbuilding space.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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MIC Electronics Surges 15% on Robust Railway Contracts and Market Buzz

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Strategic Investment Fuels Deccan Gold Mines’ Kyrgyzstan Gold Project
Market News - June 3, 2025

Gold Surpasses \$3366 Mark, Eyes \$3435 Resistance Next

Gold Surpasses \$3366 Mark, Eyes \$3435 Resistance Next

XAU/USD maintains upward momentum as bullish pressure builds

Gold prices have surged past the key psychological and technical level of *\$3366.02, indicating renewed bullish strength in the commodity. This breakout has shifted short-term market sentiment in favor of buyers, setting the stage for a potential test of the **next resistance at \$3435.06*.

Following several sessions of consolidation, the price of XAU/USD has shown decisive upward movement. Traders and investors are interpreting this break above \$3366.02 as a strong signal that demand for gold is rising in response to ongoing macroeconomic uncertainties.

Technical Overview

The clean breach of the \$3366 level confirms a breakout pattern that had been forming over the past week. Technical indicators such as RSI and MACD are now showing bullish signals, with no immediate signs of overbought conditions. Should the current momentum continue, the price is likely to climb toward *\$3435.06*, where historical resistance lies.

Price action suggests a shift in control from sellers to buyers, with higher lows forming on the daily chart—a classic signal of upward trend continuation. If gold sustains its position above the \$3366 zone, this could act as a new support base for the next leg up.

Market Sentiment and Macro Drivers

Gold’s strength is being fueled by several fundamental tailwinds. Global investors are increasingly seeking safety as geopolitical instability and central bank policy shifts inject volatility into risk assets. With the U.S. dollar showing signs of softening and real yields on Treasury bonds dipping, conditions are favorable for gold to gain further traction.

Demand for gold also tends to rise during periods of inflationary pressure and market uncertainty, both of which remain present in current economic data from major economies.

What’s Next for XAU/USD?

All eyes are now on the *\$3435.06* resistance level. A successful move above this price could unlock further upside, potentially drawing in more momentum buyers. However, a failure to break through on the first attempt may result in a retest of the newly formed support near *\$3366.02*.

For traders, it’s important to monitor how gold behaves around these key levels. Breakout confirmation, volume strength, and macroeconomic news will play critical roles in shaping near-term price direction.

Summary:
Gold (XAU/USD) has broken above \$3366.02, establishing a bullish tone and pointing toward the next major resistance at \$3435.06. Supported by safe-haven flows and favorable technicals, gold may continue higher if the breakout holds.

 

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AstraZeneca India Reports 48% Increase in Quarterly Profit

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EUR/USD Drifts Lower Amid Bearish Pressure: Technical and Fundamental Drivers
Currency - May 17, 2025

EUR/USD Drifts Lower Amid Bearish Pressure: Technical and Fundamental Drivers

EUR/USD Drifts Lower Amid Bearish Pressure: Technical and Fundamental Drivers

 

The euro-dollar pair faces renewed selling as inflation data, technical signals, and global sentiment weigh on price action. Analysts debate whether the downtrend will persist or if a rebound is on the horizon.

Recent Price Action: Bears Take Control

The EUR/USD pair has been under steady pressure, drifting lower to the 1.1100 region with minor losses through the latest trading sessions. The move marks a retreat from recent highs around 1.1200, with the euro hitting three-day lows near 1.1130 as sellers exploited a fragile technical landscape. Despite a softer University of Michigan consumer sentiment reading, the US dollar found support from rising inflation expectations, further weighing on the euro.

Key Drivers Behind the Decline

Mixed Economic Data
• US Inflation Expectations:
The University of Michigan’s inflation forecast jumped from 6.5% to a projected 7.7%, raising the prospect of more persistent price pressures in the US. This has lent support to the dollar, as markets anticipate that the Federal Reserve may keep policy tighter for longer.
• Eurozone Trade Balance:
The eurozone’s trade surplus is forecast to shrink from €24 billion to €17.5 billion, a development that could dampen euro demand and add to the pair’s bearish tone.
• US Macro Releases:
Recent US data showed softer producer price inflation and flat retail sales, but jobless claims remained steady, keeping the dollar on relatively firm footing.

Technical Breakdown

• Support and Resistance Levels:
The pair broke below the 1.1170 Fibonacci 50% retracement, exposing further downside to 1.1080 and potentially the 1.1000 psychological level. On the upside, resistance is seen at 1.1260-1.1270 (200-period SMA), 1.1290-1.1300 (100-period SMA), and 1.1380.
• Chart Patterns:
Technical analysis points to a bearish outlook for 2025, with the pair breaking below key moving averages and struggling to regain upward momentum. The RSI hovers near 50, indicating a lack of clear direction but with a bearish tilt.

Analyst Outlook: Is a Rebound Possible?

Despite the current bearish momentum, some analysts see potential for a rebound if economic data surprises or if the dollar weakens. For example, a spike in US inflation could paradoxically drive EUR/USD higher if it leads to concerns about US growth or policy missteps. Others note that the pair remains within a broad trading range, with a possible rebound toward 1.1320 if support holds and risk sentiment improves.
Longer-term forecasts remain mixed. While some project a return to parity if bearish pressure persists, others expect the pair to oscillate in a wide range between 1.0960 and 1.1790 through 2025, with periods of both strength and weakness for the euro.

Pivot Points and Trading Levels

The current support and resistance levels for the asset indicate key price zones traders are watching closely. The third level of support (S3) is positioned at 1.1040, while the corresponding resistance (R3) lies at 1.1283. The second support level (S2) stands at 1.1086, with resistance (R2) at 1.1255. Moving closer to the current market range, the first support level (S1) is at 1.1115, and the immediate resistance (R1) is at 1.1220. The pivot point, which often acts as a balance marker between bullish and bearish momentum, is calculated at 1.1161. These levels serve as critical indicators for potential price reversals or breakouts in the trading session.
These pivot points and support/resistance levels are closely watched by traders for potential reversal or breakout opportunities.

What to Watch Next

• US Economic Data:
Key releases including housing starts, building permits, and updated consumer sentiment will shape the dollar’s direction.
• Eurozone Developments:
Political uncertainty in Germany and France, as well as trade and inflation data, could influence the euro’s trajectory.
• Technical Triggers:
A sustained break below 1.1030 could open the door to further declines toward 1.0875-1.0895, while a move above 1.1290 would suggest a bullish reversal is underway.

Conclusion

EUR/USD remains under bearish pressure as technical and fundamental factors align against the pair. While the outlook for the coming weeks is cautious, volatility is likely as traders respond to new economic data and shifting global sentiment. Both bulls and bears should remain vigilant, as the pair’s next decisive move may hinge on upcoming macroeconomic surprises and evolving market dynamics.

 

 

 

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Eureka Forbes Springs a Surprise, Stock Soars 10%

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Bitcoin Dips Below $77K, Ether Drops 6%!
Market News - May 6, 2025

XRP Set for 30% Breakout Against Bitcoin?

XRP Set for 30% Breakout Against Bitcoin?

 

An unusual squeeze in the Bollinger Bands on the XRP/BTC chart indicates that a breakout may be imminent. Analysts predict a potential 30% rally that could stimulate the altcoin market.

Summary:

A rare tightening of Bollinger Bands on the XRP/BTC trading pair suggests an imminent surge in volatility, with technical analysts eyeing a potential 30% upside for XRP. This setup may catalyze renewed momentum for the altcoin market, spotlighting XRP’s strategic position in current market dynamics.

XRP Poised for a Breakout: What the Charts Reveal

XRP, the digital asset associated with Ripple Labs, is again generating buzz in the crypto market—not due to legal developments or partnership news, but because of a rare technical signal flashing on the XRP/Bitcoin (XRP/BTC) chart. The indicator in question? Bollinger Bands is a widely respected volatility tool used in technical analysis.
According to recent observations from leading crypto analysts and market technicians, Bollinger Bands on the XRP/BTC pair have compressed to levels not seen in months. Historically, such extreme tightening has often preceded violent price movements and, in this case, signals the potential for a 30% surge in XRP’s value relative to Bitcoin.

Understanding the Bollinger Band Squeeze

Bollinger Bands, introduced in the 1980s by John Bollinger, are a technical analysis tool designed to gauge market volatility and signal potential overbought or oversold conditions based on price movements.

This indicator comprises three distinct bands:

A central line, often a 20-period moving average, has an upper line typically set at two standard deviations above it and a lower line located two standard deviations below it.
When the price of an asset trades within a narrowing range and the upper and lower bands converge, it’s called a “squeeze.” This typically indicates that volatility has dropped and a significant move is imminent.
In the current XRP/BTC setup, the bands’ compression is among the tightest recorded this year, suggesting a significant move is brewing. While the direction is not guaranteed, historical data shows that XRP tends to favor upward breakouts after such squeezes, especially when accompanied by rising volume and bullish momentum indicators.

XRP’s Recent Price Action vs Bitcoin

XRP has remained relatively range-bound in recent months compared to Bitcoin, which has seen renewed institutional interest thanks to the approval of spot Bitcoin ETFs and growing macroeconomic adoption narratives. Meanwhile, XRP’s price oscillates between 0.0000085 BTC and 0.0000092 BTC, offering little excitement for short-term traders.
However, this lull in price movement may be masking a powerful bullish setup. Analysts from platforms like CryptoQuant and TradingView have identified a classic Bollinger Band squeeze pattern and early signs of a bullish divergence on the RSI (Relative Strength Index).
If XRP breaks above the key resistance at 0.0000095 BTC, analysts predict an initial rally to 0.0000120 BTC—a nearly 30% increase. Such a move could trigger a wave of altcoin rotations, where traders shift funds from Bitcoin into promising altcoins like XRP.

Analyst Commentary: Bullish or Premature?

Crypto analyst Michaël van de Poppe tweeted, “XRP/BTC compression is reaching critical levels. We’ve seen this before—long sideways action, tightening Bollinger Bands, then boom! Watch for a breakout above the halfway point.”
Meanwhile, popular technical trader Crypto Chase posted, “This XRP setup reminds me of early 2021. A squeeze this tight doesn’t last long. Whichever direction it moves, it’ll be fast and likely brutal. I’m long-biased here.”
That said, not everyone is convinced. Skeptics argue that XRP’s underperformance is. BTC has been persistent, and without a strong fundamental catalyst—like a favorable resolution in the ongoing SEC case—the rally could be short-lived or even reverse quickly.

Implications for the Altcoin Market

XRP’s potential breakout is significant for its holders and could spark a broader altcoin rally. Bitcoin dominance has been hovering near 50% for weeks, leaving room for altcoins to gain market share. A strong move by a major cap like XRP may shift sentiment across the board, triggering “alt season”-like conditions, where altcoins outperform Bitcoin.
Traders and investors watch Ethereum, Cardano, and Solana charts for similar compression patterns. If XRP breaks out successfully, it could lead to upcoming strength in the broader crypto market.

Risks to Consider

As with all technical setups, a Bollinger Band squeeze does not guarantee direction—it only predicts a rise in volatility. XRP could break to the downside, especially if macro market sentiment weakens or Bitcoin enters correction territory.
Key risks include:
Bitcoin volatility dragging XRP down with it
Lack of follow-through volume after the breakout
Lingering legal uncertainties with the SEC case
To mitigate these risks, analysts advise placing stop-loss orders just below the squeeze range and monitoring volume and RSI confirmation before entering leveraged positions.

Conclusion: Time to Watch XRP Closely

The current Bollinger Band squeeze on the XRP/BTC chart is a classic setup that often precedes explosive moves. Whether XRP rises 30% or drops sharply depends on upcoming market triggers and trader sentiment. For now, all eyes are on the breakout level, and if history repeats itself, XRP might be on the cusp of a significant rally that reignites altcoin enthusiasm.
Investors and traders should remain cautious but alert—this might be one of those rare moments when technicals lead the narrative in the crypto market.

 

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Amul Expands into Organic Products with Ambitious Revenue Goals

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Sensex Jumps 450 Points Amid Renewed US-China Trade Hopes and Strong Sectoral Buying
Equities, Markets - April 14, 2025

ICICI Securities' Dharmesh Shah: Why Now is the Time to Buy Nifty Dips

ICICI Securities’ Dharmesh Shah: Why Now is the Time to Buy Nifty Dips

 

Despite global uncertainties, technical indicators suggest Nifty has bottomed out—setting the stage for a new rally.

Market Recovery Signals a Turnaround, Says Dharmesh Shah

Dharmesh Shah, Head of Technical Research at ICICI Securities, believes that recent developments in the equity market indicate a strong base formation in the Nifty 50 index. After digesting several rounds of negative news, the index appears poised for a rebound with a potential target of 24,000 in the coming month.
“The latest recovery isn’t just a relief rally,” Shah emphasized. “It shows resilience backed by positive divergence on weekly charts, signaling that the worst may be behind us.”
He further noted that the current market setup offers a ripe opportunity for medium-term investors to start building quality portfolios, especially with Q4 earnings season getting underway.

Buy-on-Dips is the Way Forward

According to Shah, any decline toward the 22,300 zone should be embraced, not feared.
“That’s not a red flag. Instead, see it as a healthy retracement and a chance to accumulate fundamentally strong stocks,” he explained.
After President Trump announced a 90-day halt on new tariffs, markets recovered their calm, despite the initial anxiety early last week. The Nifty bounced back nearly 5 percent from the lows and eventually closed flat at 22,828.

Is the “Trump Bottom” Already in Place?

Shah believes that, technically, the markets have already hit a bottom. The Nifty’s ability to repeatedly hold the 21,900 mark—also aligned with its 100-week EMA—shows strong support.
“Over the past two decades, bull market corrections tend to average 18 percent over 8–9 months. We’ve already corrected 17 percent in the last seven months. Historically, such setups have led to 23 percent returns over the next 12 months,” he explained.

Signs Supporting the Bullish View

A number of technical and macro indicators are working in the market’s favor:
• Improving Market Breadth: While the Nifty 500 made a new low, the number of stocks trading above their 200-day moving average has improved from 7% to 15%—a classic sign of divergence.
• Dollar Weakness: At 99.50, the US Dollar Index is hovering close to a two-year low.
• Oil Stability: Brent Crude has rebounded from $58 and is currently hovering around $63 per barrel.
• Volatility Drop: The VIX (volatility index) has sharply fallen from recent highs, indicating that anxiety around tariffs may be subsiding.

Can Bank Nifty Hold the 51,000 Level?

Shah is optimistic about banking stocks, which have shown strong relative strength amid global turmoil. He expects the Bank Nifty to head toward 53,200 in the coming weeks, with the 50,000 mark acting as strong support—thanks to both the 200-day EMA and key Fibonacci levels.

Midcap Index: A Double Bottom in Progress?

Yes, says Shah. The Nifty Midcap 100 index held its March low of 46,865 and rebounded strongly last week. This has formed the right shoulder of a potential double bottom pattern near its 100-week EMA.
“A decisive close above 52,926 will confirm the breakout and open doors for a significant uptrend,” he added.

This Week’s Strategy: Stay Calm, Buy Selectively

Volatility isn’t going away just yet, with ongoing tariff developments keeping traders on their toes. Still, the broader trend appears to be in recovery mode.
“Use the volatility to your advantage,” Shah advises. “Adopt a staggered buying approach, focus on domestic growth themes, and avoid leveraged trades.”
He added that while minor pullbacks are possible, they shouldn’t deter investors. The focus should remain on accumulating stocks with solid earnings visibility and long-term growth potential.

Sectors to Watch

For the current week, Shah is keeping a close eye on:
• Banking
• Information Technology
• Metals
• Power
• Defence
• Pharmaceuticals
• Infrastructure
These sectors, he believes, are best positioned to ride the next leg of the rally.

Final Thoughts: Stay the Course, Let the Charts Lead the Way

The broader market may continue to face global headwinds, but technical signals suggest that Nifty has formed a solid base. Dharmesh Shah’s analysis offers a strategic blueprint: focus on high-quality domestic stocks, stay nimble amid volatility, and trust that the charts are pointing to higher ground.
If the market holds key support levels and earnings season delivers as expected, 24,000 on the Nifty may be closer than it seems.

 

 

 

 

 

 

 

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India’s Toy Manufacturing Industry: A New Frontier in Global Trade

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