• Thu, December 12, 2024
  • Fri, December 13, 2024

Trade Spotlight: How should you trade LTIMindtree, JSW Steel, Cyient, GHCL, Muthoot Finance, TTML, and others on Friday?

The market may extend the downtrend if it breaks the 10-day EMA (Exponential Moving Average) amid likely consolidation, while the VIX in the lower zone supports bulls. Below are some trading ideas for the near term.
The article from Moneycontrol discusses trading strategies for several stocks on Friday, following their performance on Thursday. LTIMindtree saw a significant rise, closing with a strong bullish candle, suggesting a potential for further gains if it maintains above Rs 5,200. JSW Steel also showed a robust performance with a breakout from a consolidation phase, indicating a possible upward trend if it stays above Rs 800. Cyient, after a breakout from a downward trend, could continue its upward movement if it holds above Rs 1,400. GHCL, despite a volatile session, closed positively, with potential for more gains if it remains above Rs 500. Muthoot Finance, after a breakout from a resistance, might see further increases if it sustains above Rs 1,250. Tata Teleservices (Maharashtra) Limited (TTML) showed a breakout from a consolidation, suggesting an upward trend if it stays above Rs 80. The article also mentions other stocks like APL Apollo Tubes, ABB India, and others, providing insights into their recent market behavior and potential trading strategies based on technical analysis.

Read the Full moneycontrol.com Article at:
https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-ltimindtree-jsw-steel-cyient-ghcl-muthoot-finance-ttml-and-others-on-friday-12889013.html

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