The stock market has witnessed a stellar rebound as the benchmark indices have zoomed over 70 percent from their respective March lows. Today (27th November 2020)At 01:44 PM, the S&P BSE Sensex was trading at 44,251 levels while NSE's Nifty was just shy of the crucial level of 13,000. However, amid this market rally, there have been few counters which have underperformed the market.
Here are some of the underperformers and what can be the trading strategy.
Canara Bank (CANBK): For the first time after July 2019, this counter crossed the 200-day moving average (DMA) on Friday. The overall trend looks promising as the Moving Average Convergence Divergence (MACD) is holding ground above the zero lines.
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