Big movers on D-Street: What should investors do with ITC, Mazagon Dock and Sky Gold?
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Extending the winning run to the third straight day, benchmark Sensex jumped 597 points on Tuesday on buying in blue-chip stocks and firm trends in global markets. Stocks that were in focus include names like Sky Gold, which rose 5% and Mazagon Dock, which gained 3.36% and ITC, whose shares declined 1% on Tuesday. Here's what Viral Chheda, Sr Analyst at SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today. SKY Gold After making low around 1092 in June 2024, price has witnessed a Bull Run to make an all time high of 4245. Price has given almost 289% returned from its lower level as Bulls were having full control over the price. During this period price has made a Higher Top and Higher Bottom Pattern. From highs price has given some correction to test the support of 20 DMA around 3530 and gave some pullback from that level. Price looks good for the long term also an increas...