80 jili
I have shares of Sasken Technologies bought at ₹1,660. Can I hold it or exit? Venkatesh D Sasken Technologies (₹2,218): The stock is in a strong uptrend. But a crucial resistance is coming up at in the ₹2,350-₹2,400 region which can halt the rally. If the stock manages to breach ₹2,400 decisively, the upside can extend up to ₹2,700. But a reversal from this resistance zone can drag the stock price down to ₹2,050 in the next few months. Keep a stop-loss at ₹2,040 and protect your profit. This is very important as you have made a good entry. Exit 50 per cent of the holding at ₹2,330 and move the stop-loss to ₹2,280 for the rest. If a reversal happens, then exit at ₹2,280. Else hold the balance for the target of ₹2,700. Move your stop-loss higher by ₹20 for every fifty rupees move. I am holding RBL Bank shares. My average purchase price is ₹245. What is the long-term outlook for the stock? Mahendhiran Viswanathan RBL Bank (₹174.45): The stock has been in a strong downtrend since the beginning of this year. There is no sign of a reversal. The price action on the chart leaves the outlook bearish. Moving average cross overs on the chart also strengthens the bearish case. Resistance is ₹187 and then in the ₹200-₹220 region. A fall to ₹120-₹100 looks likely. If the stock declines below ₹100, then there a danger of the price tumbling towards ₹50 over the long-term. The stock has to rise above ₹315 to become bullish. That looks unlikely. So, you have to accept the loss and exit the stock now. It is not worth the time to wait just with a hope for the price to go up. I am holding stocks of K&R Rail Engineering at an average price of ₹384. What is the outlook? Vyshak, Thrissur K&R Rail Engineering (₹423.45): The stock has been in a strong down trend since February this year. The 61.8 per cen Fibonacci retracement support level of ₹341 has been holding well for now. If a strong rise above ₹460 happens, then there are good chances to see a rise to ₹530-₹550. If it manages to rise past ₹550, then a further rise to ₹700 is also possible. Keep a stop-loss at ₹310 and hold the stock. Move the stop-loss upto ₹485 as soon as the stock goes upto ₹520. Move the stop-loss further up to ₹610 when the price touches ₹660. Exit the stock at ₹680. If you have a high risk-appetite, then you can consider accumulating more at ₹380. But you will have to exit the stock with a loss in case the stop-loss level is reached. What is the outlook for Mazagon Dock Shipbuilders? Can it be bought at current levels? John Mazagon Dock Shipbuilders (₹4,878.80): The breakout and close above ₹4,780 last week is a positive. It indicates that corrective fall has ended and the overall uptrend has resumed. From a long-term perspective, there is potential for the stock to target ₹7,300 over the next one-two years. Long-term investors can buy Mazagon Dock Shipbuilders now. Accumulate on dips at ₹4,480. Keep a stop-loss at ₹4,060. Trail the stop-loss up to ₹5,120 when the price goes up to ₹5,480. Move the stop-loss further up to ₹6,120 when the price touches ₹6,650. Exit the stock at ₹7,100. This bullish view will go wrong only if the share price declines below ₹4,100. If that happens, a fall to ₹3,600 and lower levels can be seen. But such a fall looks less likely. Send your questions to techtrail@thehindu.co.in CommentsUK, Qatar launch project to boost AI collaboration
MIAMI , Dec. 26, 2024 /PRNewswire/ -- Gary Brecka , wife Sage Workinger and respective entities, IJS and TPH, today filed significant lawsuits related to their partnership with Cardone Ventures, LLC. The first complaint is a $100M defamation lawsuit filed by Brecka and Workinger against Elena Cardone , wife of Grant Cardone who co-founded 10X Health with Brecka and Workinger. It details the process by which Mrs. Cardone launched an allegedly intentional smear campaign designed to damage Brecka's reputation, including making false incendiary social media posts and nefarious public statements. The second complaint names Cardone Ventures LLC, a consulting firm claiming to help founders scale their businesses, and its CEO Brandon Dawson as defendants. The complaint details predatory efforts by Dawson and Cardone Ventures to take over 10X Health and edge out Brecka and Workinger through nefarious means and breaches of contractual agreements. Individuals who have worked with Cardone Ventures or CEO Brandon Dawson and may have information or similar complaints may call 305-603-0805 to leave confidential information for legal team review. Editor's Note #1: Copies of both complaints are included with this press release or available upon request. Exhibit information is also available upon request. Editor's Note #2: Brecka and Workinger are available for phone and on-camera interviews. Contact: Josh Merkin rbb communications (954) 789-5530 View original content to download multimedia: https://www.prnewswire.com/news-releases/renowned-human-biologist-and-longevity-expert-gary-brecka-files-100m-defamation-claim-against-elena-cardone-and-lawsuit-against-cardone-ventures-in-response-to-questionable-business-practices-302339380.html SOURCE IJS and TPH
Wall Street drifts to a mixed close in thin trading after Christmas pausePunters to soak up sun at the Cranbourne Cup
Discussion under way over civil disobedience movement: Salman Akram Raja says PTI wants to lead country to path of prosperity and there should be no obstacle in political process ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Secretary General Salman Akram Raja Saturday said he could not say anything right now on the call of civil disobedience, as there were no contours of it before him. Talking informally to the media in Lahore, when asked about PTI founder Imran Khan’s decision to begin civil disobedience if his demands were not met, Salman Akram replied, “Look, deliberations are under way and I can’t talk on it right now and will be able talk after the deliberations”. To another query about the possibility of talks with the government, he maintained that discussions were on and all angles were being looked into and there was nothing that they (PTI) reject. “We want to lead the country to the path of prosperity, political process should continue and there should be no obstacle in the political process. Whatever needs to be done for peace and prosperity in the country will be done,” he said.Experts shed light on what new PTI move would mean for economy KARACHI: The Pakistan Tehreek-e-Insaf’s (PTI) plans to initiate a civil disobedience movement, encouraging overseas Pakistanis to limit their remittances, could hurt the economy, say experts. Former Prime Minister Imran Khan, who has been imprisoned since August 2023 on multiple charges, has threatened to launch a nationwide civil disobedience campaign from December 14 if party demands are not met. As part of this movement, overseas Pakistanis will be encouraged to reduce their remittances and participate in a boycott campaign. “If the PTI launches a civil disobedience movement, it could have serious consequences for Pakistan’s economy. Remittances, which bring in over $30 billion annually, might drop if people are encouraged to use informal channels like hawala instead of official banking systems,” said Saad Hanif, head of research at Ismail Iqbal Securities. “Political instability might scare off investors, weaken the rupee further, and drive up inflation, making life harder for ordinary people. Overall, it could disrupt the government’s plans and push the economy deeper into crisis,” he added. Awais Ashraf, director research at AKD Securities Limited, does not believe that potential civil disobedience will significantly impact remittance flows, as people send this money to support their families and some flows are earnings of freelancers. Remittances to Pakistan have increased to $11.8 billion in July-October FY25, up 34.7 per cent from the same period last year, providing crucial support to the external account. Both the government and the central bank anticipate that remittances will reach historic levels of $35 billion in FY25, averaging $2.9 billion per month so far. These significant inflows will strengthen the reserves, offering a much-needed boost to the economy. A senior banker said that we need to observe how Pakistani expatriates respond to the planned call. In reality, Pakistan regularly receives significant remittance inflows from its migrants working abroad, most of whom belong to the lower and middle classes and typically engage in blue-collar jobs in Gulf countries, particularly Saudi Arabia and the United Arab Emirates, he said. However, the expatriates who may have acquired nationality in their host countries often send funds back home during occasions such as Eid festivals, for Hajj, for charity, and for making investments in Pakistan. Khan’s latest announcement comes at a time when the nation’s struggling economy is on the mend, largely thanks to a bailout from the International Monetary Fund. As a result, inflation has decreased, dropping to 4.9 per cent in November. The current account balance shifted to a surplus of $218 million in the first four months of the fiscal year 2025, compared to a deficit of $1.528 billion in the same period last year. As of November, the foreign exchange reserves held by the State Bank of Pakistan amounted to $12 billion, which is sufficient to cover more than two months of imports. Interest rates have also fallen, decreasing by 700 basis points to 15 per cent since June. Moreover, Pakistan’s benchmark stock index has performed well, surpassing 100,000 points. If the economy suffers as a result of the political unrest, the IT industry, which is already suffering from slow speed, is likely to experience more difficulties. The consistent internet disruptions and its slow speed are detrimental to the national economy in general and IT sector in particular, which will further affect adversely the economic activities and damage the reputation of the country if the situation persists, said Saad Shah, an IT exporter. As far as the IT sector is concerned, various IT companies are facing challenges to complete their projects on time despite their multiple efforts of working extra hours due to the prevailing internet situation. Large IT companies having annual contracts with local and foreign clients may survive through managing their work from offshore offices, but medium and small players including freelancers could not have options but to lose projects and clients, Shah added Hanif also expressed that “[civil disobedience] would reduce the country’s foreign exchange reserves. The government could also struggle to collect taxes and utility bills, worsening its financial problems and delaying important projects,” Hanif said. In a message posted on X, Khan announced the formation of a five-member negotiation team. This team is tasked with discussing two key demands with the government: the release of under-trial prisoners and the establishment of a judicial commission to investigate the incidents that occurred on May 9, 2023 and November 26, 2024 -- dates that saw significant protests from Khan’s supporters, which were met with a crackdown from the government and security forces.