Axis Securities names Vedanta among top 3 technical picks, sees up to 11% upside in 3–4 weeks
Markets remained volatile and ended the week in negative territory, weighed down by a mix of domestic and global cues. Throughout most of the week, investor sentiment stayed subdued and weakened further as selling pressure intensified. However, a late rebound in the final trading sessions helped contain the overall downside.Despite this marginal recovery, the overall tone remained cautious. Persistent foreign fund outflows and a sharp depreciation in the rupee significantly impacted investor confidence. Against this backdrop, technical analysts at Axis Securities have identified a few stocks that could offer potential trading opportunities based on chart patterns and momentum indicators, for a holding period of 3-4 weeks: Market overview
Markets remained volatile and ended the week in negative territory, weighed down by a mix of domestic and global cues. Throughout most of the week, investor sentiment stayed subdued and weakened further as selling pressure intensified. However, a late rebound in the final trading sessions helped contain the overall downside.Despite this marginal recovery, the overall tone remained cautious. Persistent foreign fund outflows and a sharp depreciation in the rupee significantly impacted investor confidence. Against this backdrop, technical analysts at Axis Securities have identified a few stocks that could offer potential trading opportunities based on chart patterns and momentum indicators, for a holding period of 3-4 weeks: Market overview
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