Ola Electric charges new-age stocks; Can Zomato, Paytm extend rally ahead?

Quick Summary:

New-age stocks have zoomed up to 80% from Election Result day lows.

Charts suggest PolicyBazaar, Paytm, Nykaa and Delhivery can rally another 12%; while Zomato and CarTrade may dip going ahead.

The 20-WMA at present stands at Rs 211; interim support for the stock can be expected around 247 and Rs 232 levels.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Trading strategies Delhivery CarTrade Tech Zomato Nykaa stock chart Stocks in focus PolicyBazaar Stocks to watch Paytm stock outlook PB Fintech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 14:31:54 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 882 words

Reading Time: 5 minutes read

Sentences: 46 lines

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Copyright Owner: © Business Standard

News ID: 22173445

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