Daily Chart Outlook
1. Short-Term Bias
The stock is caught between a major support cluster (7,245–7,500) and the lower Fair Value Gap near 8,434–8,500.
If bulls can reclaim 8,434 decisively on a daily closing basis, it suggests a push toward the upper FVG (9,045–9,244).
2. Bearish or Bullish Triggers
Bearish: A failure to hold above 8,432–8,434...
Over the past five years, Nava Limited has achieved a compound annual profit growth rate of 31.3%, underscoring its strong earnings trajectory. The company's current ratio stands at 8.11, reflecting a solid liquidity position and its capability to meet short-term obligations.
Recent Financial Highlights
Dec-Quarter Consolidated Net Profit: ₹2.5 billion
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Deccan Cements Ltd is approaching its breakout level of ₹740, with its current price at ₹683. A move above ₹740 may trigger an upward trend. The potential targets are ₹750, ₹770, and ₹800.
Hindustan Foods Ltd is nearing its breakout point at ₹625, currently trading at ₹578. A rise beyond ₹625 could initiate an upward trend, with possible targets at ₹640, ₹660, and ₹700.
Cholamandalam Investment and Finance Company Ltd is approaching its breakout level of ₹1,475, currently trading at ₹1,375. A move beyond ₹1,475 may signal bullish momentum, with potential price targets at ₹1,500, ₹1,525, and ₹1,550.
Narayana Hrudayalaya Ltd is nearing its breakout level of ₹1,425, currently trading at ₹1,367. A rise beyond ₹1,425 could initiate an upward trend, with potential targets at ₹1,440, ₹1,460, and ₹1,500.
GlaxoSmithKline Pharmaceuticals Ltd is approaching its breakout level of ₹2,865, currently trading at ₹2,536. A move beyond ₹2,865 could signal bullish momentum, with potential targets at ₹2,880, ₹2,900, and ₹2,950.
Manappuram Finance Ltd is approaching its breakout level of ₹212, currently trading at ₹193.22. A move beyond ₹212 could signal bullish momentum, with potential targets at ₹220, ₹230, and ₹250.
Castrol India Ltd is approaching its breakout level of ₹235, currently trading at ₹208.50. A move above ₹235 could signal a bullish trend, with potential targets at ₹245, ₹255, and ₹275.
Nitiraj Engineers Ltd is nearing its breakout level of ₹320, currently trading at ₹308. A rise beyond ₹320 could indicate a bullish trend, with potential targets at ₹330, ₹345, and ₹355.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Q3FY25 Performance
Sales volume: Up 15% QoQ, from 7.60 mn tonnes to 8.77 mn tonnes.
EBITDA: Jumped from ₹593 crore to ₹947 crore.
PAT: More than doubled from ₹93 crore to ₹229 crore.
Net revenue: Grew 14% QoQ to ₹4,235 crore.
Growth Outlook
Cement demand expected to rise due to:
1. Higher rural consumption (boosted by better farm cash flows).
2. Strong urban...
Weekly Recap:
The Bank Nifty closed the week at 49,099.45, posting a decline of -2.11%. The index faced selling pressure throughout the week, reflecting broader market weakness.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial range to watch for potential reversals or trend continuation is 48,996 - 49,182.
Support & Resistance Levels:...
Weekly Recap:
The Nifty 50 closed the week at 22,929.25, marking a significant decline of -2.68%. The bearish momentum dominated the market, pulling the index lower as selling pressure intensified.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial zone to watch for any potential reversals or trend continuation is between 22,977 - 23,067.
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Analysis Timeframe: Daily
Analysis Type: Price Action | Fair Value Gaps (FVG) | Order Blocks (OB) |Fundamantals
Manappuram Finance reports a 6% YoY rise in Q3 net profit to ₹453 crore, with revenue growing 35.1% YoY. The company declares an interim dividend of ₹1 per share, highlighting strong financial performance.
Mannapuram is currently trading at 194.06,...
Technical Analysis:
Ashok Leyland has maintained a robust bullish trend for an extended period. Since 2018, the stock faced significant resistance at the ₹160-₹168 level, which acted as a major barrier from 2016 to 2023. In June 2023, this resistance was decisively broken, turning it into strong support and confirming the continuation of the bullish trend.
In...
1. Current Market Context (around 495)
Market at 495: Price is sitting just under the 61.8% retracement (labeled ~495 in the chart), so this area is a potential inflection point.
If the market can push and hold above this 61.8% retracement level, it may look to fill higher Fair Value Gaps (FVG) or move toward the next major resistance levels shown near 525–546.
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