In terms of the simple moving average, the death cross has already happened late last month at the Rs 49,550 level, said Rajesh Palviya, technical head at Axis Securities. He added that a 10 per cent correction normally happens after such a cross, though at times the metal can also bottom out after that.
Related Posts
LRS limit comes in way of listing plans via SPAC
Special Purpose Acquisition Companies (SPACs) are listed entities set up exclusively to acquire private companies. Post-acquisition, the private…
March 16, 2021
Why HPCL buyback and not NTPC’s made Street happy
HPCL’s buyback is being done through the open market over six months, while NTPC’s buyback is through the…
November 24, 2020
Anupam Rasayan IPO looks fully priced: Should you subscribe?
After annualising the earnings for the nine-months of FY21, Anupam Rasayan IPO demands a price-earnings (P/E) multiple of…
March 11, 2021
Biden’s Boom: The $30 Trillion ESG Sector Is Set To Explode In 2021
Invest in Best Mining Pool Invest in Bitcoin Now How to invest in crypto?
January 15, 2021