Highlights
- Shares of Arihant Capital Markets jumped 3 per cent today
- Created a breakout of the 49-month Cup & Handle pattern
- Has given 156% return to investors in last one year
- Price jumped 34% in the short term of last one month
Shares of Arihant Capital Markets jumped more than 3 percent today. The stock made a breakout of its 49 month Cup & Handle pattern. This breakout has been helped by a sharp increase in volume. The stock touched Rs 208 today, its 52-week high. The stock has formed a base around 130-135 levels and then made a strong comeback from there. Its RSI is in Super Bullish Territory which confirms the claim.
Not only this the trend ADX is 37 and is increasing continuously. This is an indication of its strong uptrend. Its MACD histogram is also rising which is an indication that the stock may move higher. Along with this, its Elder Impulse System is also indicating that it is wise to buy it. Its Mansfield Relative Strength indicator shows that it has outperformed the broader markets. According to the Cup and Handle pattern, this stock can go above Rs 300 in medium to long term.
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how much return in a year
According to the chart, this stock has given 156% return to investors in the last one year and its price has jumped 34 percent in the last one month in the short term. It is clear from this that in the coming days this stock can fill the bag of investors.
Arihant Capital Markets Limited is one of the leading financial services companies in the country. The company offers a wide range of products and services, including securities and commodities broking, financial planning, depository services and merchant banking services. The clients of the companies include individual and financial institutions. In this way, on the basis of diversified business and strong management, this stock is ready to touch new heights in the coming days.
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