Momentum Stocks: Maitreya Medicare, Bombay Burmah, Vikas Ecotech up 4-7% on sheer momentum
Bombay Burmah gained 7.40% to Rs 1,588.20. The stock is trading above its 30-day, 50-day and 150-day moving averages of Rs 1,478.80, Rs 1,502.15 and Rs 1,556.49, respectively, but remains slightly below its 200-day average of Rs 1,634.70, suggesting improving momentum with resistance around the long-term average.
Bombay Burmah gained 7.40% to Rs 1,588.20. The stock is trading above its 30-day, 50-day and 150-day moving averages of Rs 1,478.80, Rs 1,502.15 and Rs 1,556.49, respectively, but remains slightly below its 200-day average of Rs 1,634.70, suggesting improving momentum with resistance around the long-term average.
What's Your Reaction?
