GNFC, ITI, ACE among 8 smallcap stocks testing long-term averages on charts

Quick Summary:

The longer-term chart suggests a likely trading range of Rs 621 - Rs 774 for the GNFC stock; with interim resistance at Rs 704 and Rs 734.

The stock has swung above and below this key moving average on multiple times in the last 11 trading sessions, indicating a stiff battle between the bulls and bears to gain the upperhand.

The 200-DMA stands at Rs 1,240; and the stock is seen trading in oversold zone on short- and medium-term charts.

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Category: BusinessFinance

Markets: India

Topics: Stocks to buy Trading strategies Ace stock Eih Mastek Route moile Stocks to avoid Iti stock Tmb Gnfc stock outlook Technical charts Stocks testing 200-DMA Smallcap stocks Trading strategies

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Article Type: News Report

Published On: 2024-09-10 @ 14:18:44 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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News ID: 22445884

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