Datamatics Global has been trading in a rising channel on a daily time-frame. The stock has seen a strong resurgence from the short-term exponential moving average in the recent past and this time the moving average is being accompanied by the supporting trend-line indicating a strong demand zone for the counter. Hence looking at the technical setup and the risk-reward ratio, it is advisable to go long in the stock from a short-term perspective.
Berger Paints is in a secular uptrend and is hovering near its 21-DEMA on the daily chart that even coincides with the mean of the Bollinger band. At present, the stock is placed near its strong historical consolidation zone and is expected to surge higher from here onwards. On the oscillator front, 14-period has seen positive crossover in the last trading session affirming the overall bullish stance for the stock.
SVP Global Ventures has been trading in a cycle of higher highs, higher lows and is currently hovering near its previous swing highs indicating an initial reversal signal in the counter. On the daily time frame, the stock has bounced from the supporting trend-line that even coincides with the lower band of the Bollinger (20, 2), indicating nearby support. The formation of candlestick in the recent period could be seen as the early sign of reversal in the counter and could be utilized from short-term perspective.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.