Northern ARC Capital Shows Bullish Technical Trends Amid Strong Market Performance

Northern ARC Capital, a small-cap player in the Non-Banking Financial Company (NBFC) sector, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 271.25, showing a notable increase from the previous close of 265.85. Over the past year, Northern ARC has demonstrated a return of 14.45%, outperforming the Sensex, which recorded a return of 9.00% in the same period.
The technical summary indicates a bullish sentiment in various indicators. The Moving Averages on a daily basis are bullish, while the MACD on a weekly basis also reflects a positive trend. The Bollinger Bands align with this bullish outlook on a weekly timeframe. However, the Relative Strength Index (RSI) shows no signal on both weekly and monthly scales, suggesting a neutral momentum.

In terms of performance, Northern ARC has shown resilience with a year-to-date return of 24.8%, significantly surpassing the Sensex's 8.22%. This performance highlights the company's ability to navigate market challenges effectively. The stock's 52-week range, with a high of 290.00 and a low of 153.50, further illustrates its volatility and potential for growth within the NBFC sector.