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Analysts highlight four technical stock picksBEML, Angel One, Container Corporation of India, and TVS Motorthat show strong bullish signals and could deliver up to 37% gains in the near term.
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Virtual Galaxy Infotech shares debuted on the NSE SME platform with a 26.76% premium, listing at Rs 180. The IPO, priced at Rs 142, was oversubscribed 200 times, driven by non-institutional interest. Proceeds will fund expansion, debt repayment, and product enhancement.
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In the Nifty200 pack, six stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on May 16, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
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