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Wednesday, 25 October 2023

These stocks, including Adani Wilmar and Adani Gas, are showing signs of decline, check this list before entering the market

Stock Market Prediction: The market fell sharply on Monday as the 10-year US Treasury yield went above 5 percent. The Sensex had closed at 64,571, down 825 points. At the same time, the Nifty closed at 19,281 with a decline of 260 points. After this, the market was closed on Tuesday.
Highlights There was a big fall in the market on Monday due to rising US Treasury yields. ICICI Bank and Route Mobile stocks show signs of slowdown today Adani Wilmar and Adani Gas shares under selling pressure New Delhi: The Indian stock market was closed on Tuesday on account of Dussehra. Earlier on Monday, there was a tremendous decline in the market. The market fell sharply as the 10-year US Treasury yield went above 5 per cent. On Monday, the Bombay Stock Exchange index Sensex closed at 64,571, down 1.26 percent or 825 points. There was also a big decline in Nifty. The National Stock Exchange index Nifty closed 1.34 percent or 260 points lower at 19,281. Let's know which stocks can remain in trend today.
The momentum indicator Moving Average Convergence Divergence (MACD) has shown a bullish trend on United Breweries, Bombay Burmah, Abbott India, Delta Corp, MTAR Technologies and Tube Investments. MACD is known to signal trend reversal in traded securities or indices. When the MACD crosses the signal line, it signals a bullish trend, indicating that an upward movement can be seen in the share price. Similarly, it also indicates a recession.
MACD has indicated a slowdown in IPCA Labs, Aster DM Health, ICICI Bank, Route Mobile, Astral and Mahanagar Gas stocks. This means that now these stocks have started declining.

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