India's GNA Axles up over 3% as Prabhudas Lilladher sees sustained rally

Gna Axles

06/06/2023 09:01

** Shares of GNA Axles Ltd  GNAA.NS  rise as much as 3.7% to
771.00 rupees, a three-week high
    ** Stock of automotive transmission components maker showing
signs of bottoming out after recent correction, says Vaishali
Parekh, vice president - technical research at Prabhudas
Lilladher
    ** Adds the relative strength index trend reversal indicates
momentum likely to continue further
    ** Trading volume is 104,118 shares as of 1:21 p.m. IST,
nearly twice the 30-day avg - Refinitiv data
    ** The moving average convergence divergence (MACD) line
reversed above the signal line on Monday, indicating near-term
bullish bias 
    
    
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))