Bandhan Bank, Bajaj Auto, PVR: Trading strategies for news-driven stocks – Business Standard

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Rising channel patterns, stability above 200-DMA are some of the indicators that suggest further upside.

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Buzzing stocks | Chart Reading | stocks technical analysis

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Benchmark indices, S&P BSE Sensex and Nifty50, were trading flat in the intra-day session on Tuesday; however, a number of stocks were trading actively in the trade, owing to their respective business and corporate developments.

For instance, Bajaj Finance rallied 4 per cent post its quarterly update while Bandhan Bank advanced over 5 per cent after the lender reported healthy loan and deposit growth in the April-June quarter on a yearly basis despite a nationwide Covid-19-induced lockdown. Bajaj Auto, on the other hand, traded over 1 per cent lower after it announced a 50 per cent pay …

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