Know why Linde India is buzzing!

Know why Linde India is buzzing!

Rohit Patil
/ Categories: Trending, Mindshare

Linde India advanced 1.66 per cent during Wednesday’s trading session. Moreover, it made a fresh all-time high of Rs 3,435 level as of March 21, 2022.

The stock of Linde India advanced 1.66 per cent during Wednesday’s trading session. Moreover, it made a fresh all-time high of Rs 3,435 level as of March 21, 2022. In addition, the stock has surged over 5.5 per cent in the current week. 

Linde India is a leading supplier of gases and related products & services in India. In price comparison with peers, the stock performed very well in the past one year. 

The stock has witnessed a seven-month-long ascending triangle pattern breakout on the weekly chart. Furthermore, the breakout was witnessed with a sizeable bullish candle on the third week of March 2022. 

The technical parameters are also in line with the stock’s bullish price structure, confirming a bullish direction. The 14-period RSI, which is above 72 on the daily chart, shows a bullish momentum. The MACD line is trading above its signal line and zero line, which indicates a positive trend in the stock. The stock is trading above its short-term as well as long-term moving averages. This setup is indicating a clear uptrend for the stock. 

Thus, the above technical evidence suggests that the stock should be on your watchlist! 

Previous Article Intraday Spotlight: This smallcap IT stock jumped over 10 per cent today
Next Article Nifty closes at days low, dragged by auto and financials
Rate this article:
4.5

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR