Delhivery, Tata Elxsi: Trading strategies in stocks that hit 52-week lows

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Delhivery, Tata Elxsi: Trading strategies in stocks that hit 52-week lows - Business Standard

Quick Summary:

A total of 195 stocks hit fresh 52-week lows in intra-day trades on the BSE; off which among the top 500 shares Delhivery and Emcure Pharmaceuticals hit new all-time lows on Wednesday.

The short-term bias is expected to remain negative as long as the stock trades below Rs 1,170.

Despite this, the near-term bias for the stock is expected to remain negative as long as the stock trades below Rs 264.