Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

Trade Spotlight | What should you do with Finolex Cables, Polycab India, KPIT Technologies?

Finolex Cables surged 10 percent to close at Rs 495, the highest closing level since February 9, 2022, and formed a large bullish candlestick pattern on the daily charts with robust volumes.

October 25, 2022 / 08:33 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

The market managed to eke out gains despite profit-taking and volatility in the last couple of hours of trade on Friday, October 21, extending its northward journey for the sixth consecutive session ahead of the one-hour Muhurat trading session on October 24.

The BSE Sensex gained more than 100 points to 59,307, while the Nifty50 rose 12 points to 17,576 and formed small-bodied bearish candle, which resembles the Spinning Top kind of pattern on the daily charts.

The broader markets were under pressure with the Nifty Midcap 100 and Smallcap 100 indices falling 0.7 percent and 0.2 percent respectively.

Stocks that were in action included Finolex Cables, which surged 10 percent to close at Rs 495, the highest closing level since February 9, 2022, and formed a large bullish candlestick pattern on the daily charts with robust volumes.